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Countries and Regions Country Partnership Strategies Document
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Country Strategy and Program Update 2005-2006: Vanuatu
V. Country Performance and Lending LevelsA. Lending Program34. The allocation of ADF funds will be determined under the revised performance-based allocation (PBA) policy (under process). For planning purposes, however, a lending level of $6.0 million over 2–3 years has been adopted, subject to the findings of the new PBA policy. No ADF lending is proposed for 2005. B. Nonlending Program35. Ongoing TAs include an advisory TA on TVET, capacity-building assistance to Parliament and the National Statistics Office, assistance to CRP, a diagnostic study for improving access to affordable credit, and rural microfinance outreach. Assistance in 2004 will focus on the development of a medium-term strategic framework at the Ministry of Finance, as well as private-sector development through a TA on secured transactions reforms. There will also be a TA for rural productive skills development and capacity building in infrastructure management in 2005, and strengthening development policies in 2006. Because the scope for lending is limited, the only project preparatory TA will be for urban sanitation and public health in 2006. Concept papers for nonlending products are in Appendix 3. C. Summary of Changes to the Lending and Nonlending Program36. The above program continues to focus on creating a more enabling environment for privatesector development, while maintaining ADB’s assistance in engendering sound economic management and good governance. The program also reflects ADB’s concern for the growing disparity in economic opportunities between urban and rural dwellers, with planned further assistance for TVET and rural productive skills development. Given the subdued economic climate in Vanuatu, no provision has been made for lending in the next 2 years. 37. For reference purposes, the 2004 Assistance Program for Nonlending Products is provided in Appendix 4, Table A4.1.
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