Countries and Regions

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p. 5 of 19 BACK | NEXT I. Country Performance Assessment A. Economic Performance Assessment B. Assessment of Socio-Environmental Performance C. Governance: Sound Development Management D. Implementation Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Economic Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Solomon Islands : I. Country Performance Assessment

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D. Implementation Assessment

17. Since becoming a member of the ADB in 1973, the Solomon Islands has received a total of 15 loans, of which only two were active at the end of 1998 (Appendix 2). The Public Sector Reform Program Loan was approved by the ADB on 27 August 1998 for $25 million in support of macroeconomic, fiscal, privatization, public service and governance reforms. The first tranche of $15.7 million, disbursed in November 1998, financed the separation payments of redundant civil servants and clearance of long-standing arrears to external and domestic creditors. A related loan for $1 million approved at the same time, financed technical assistance for the privatization of state-owned enterprises. The contract award ratio for 1998 was 57.7 percent, while the disbursement ratio was 60.3 percent. There are no substantial issues with respect to project implementation.

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