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Country Strategy and Program Update 2006-2008: Fiji Islands, Republic of the
IV. Portfolio Management IssuesA. Portfolio Performance33. As of 30 June 2005, ADB's portfolio of four loans followed the historical lending pattern (one each for road upgrading, ports development, water supply and sewerage, and agriculture and rural development). All projects being implemented were rated as satisfactory. However, during the country portfolio review mission (CPRM) in March 2005, the Government expressed disappointment in the performance of an international contractor in an ongoing project16 suffering from a costly implementation delay. Overall, the Government commends the transfer of project administration responsibility to the Pacific Subregional Office in Suva (SPSO), which has reduced ADB's response time. SPSO plans to meet quarterly with project managers, in addition to holding an annual CPRM to alleviate any bottlenecks in project implementation and conducting annual regional training for the staff in the project management units. 34. From January to November 2005, nine TAs were closed. Of the nine active TAs as of 31 December 2005, with a combined value of $5.23 million, three are project preparatory and six are advisory. With the reduction in the number of ongoing TAs, the limited Government and ADB staff were better able to manage TA outputs and generate sustained development results. In first quarter of 2006, efforts will be made to expedite the completion and financial closing of four more TAs with the aim of making the TA portfolio more manageable. B. Performance Monitoring and Evaluation35. Progress within each sector and program area of the CSPU, as well as overall progress toward the intended outcomes, will be monitored. The proposed results framework, which will be refined with the Government, will serve as a tool for monitoring the achievement of targets and results consistent with the CSPU focus. Furthermore, all project documents will indicate how progress will be tracked within each project and TA, while the CSPU results framework will be used for tracking progress towards overall outcomes, based on a manageable set of outcome indicators. ____________________
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