{"id":28467,"date":"2022-02-22T09:21:36","date_gmt":"2022-02-22T09:21:36","guid":{"rendered":"https:\/\/castlerockasia.com\/projects\/direct-financing-of-state-owned-enterprise\/"},"modified":"2023-05-09T09:45:51","modified_gmt":"2023-05-09T09:45:51","slug":"direct-financing-of-state-owned-enterprise","status":"publish","type":"projects","link":"https:\/\/castlerockasia.com\/id\/projects\/direct-financing-of-state-owned-enterprise\/","title":{"rendered":"Direct Financing of State Owned Enterprise"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The World Bank 2014-2016 supported objectives of Direct Financing of SOE Projects included SOE eligibility; loan preparation and processing, project\/program execution and monitoring, government policy priorities and financial management, capacity building<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Castlerock\u2019s Task 1: Options on Institutional Mechanisms, and Procedures for Direct Financing incorporated:\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Discussion with the RMD and with donors (WB, ADB, KFW, JICA, etc.) the proposed concept, and the expectations and procedures of GoI and of each donor related to the direct financing of infrastructure projects.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Castlerock\u2019s Task 2: Building institutional capacity at PT SMI\/PT IIF -provided support to both institutions to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">define the institutional mechanism within each organization for project identification, due diligence, selection and recommendation to the Ministry of Finance;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">create the right organizational structure to undertake the financial advisory, project screening and due diligence functions;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">prepare a detailed organization chart showing the functions, duties, and responsibilities of each unit within the two organizations for the project due diligence, prioritization, and selection process;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">prepare project eligibility criteria, by working closely with bilateral\/multilateral lending agencies to define and ensure consistency with their project information, and appraisal requirements;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">assess the capacity of each organization to undertake project due diligence and selection, and recommend training programs to address gaps in their respective core competencies;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">create an interface on both the demand and supply sides of the project selection process including the preparation of an operations manual that details the processes, and provide standardized document templates to be used for receiving project documentation, and the documentation to be submitted for MOF\u2019s consideration; and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">support the two entities in making presentations on the merits of proposed projects to MOF during the early phases of institutional buildup for direct lending.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Castlerock\u2019s Task 3: Building institutional framework at MOF:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provided\u00a0 the following support to Risk management Division (RMD):<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identified gaps in the functions and capacity of MOF\u2019s divisions that are to be in charge of the proposed\u00a0 direct lending mechanism \u2013 and make recommendations for improvement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proposed the institutional framework within MOF to prioritize projects for receiving sovereign guarantees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Defined the reporting lines and interface between BKF and DGDM in applying the headroom available to offer guarantees in the decision-making process for prioritizing and accepting projects that are slated for receiving sovereign guarantees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coordinated closely with the legal team preparing the Presidential Regulation on direct lending to ensure consistency of the proposed institutional framework with the Regulation\u2019s guidelines.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The work was closely coordinated with 2 other parallel initiatives for Contingent Liability Measurement and Management and Government regulation for direct financing<\/span><\/p>\n","protected":false},"featured_media":1116,"template":"","sectors":[63],"clients":[53],"services":[54],"sizes":[58],"class_list":["post-28467","projects","type-projects","status-publish","has-post-thumbnail","hentry","sectors-prasarana","clients-dev-inst-id","services-bsma-id","sizes-large-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Direct Financing of State Owned Enterprise | Castlerock Consulting Asia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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