Pacific

ADB and the Government agreed that a country partnership strategy to cover 2007–2011 would address macroeconomic stability and fiscal governance, inclusive growth through increased levels of investment, and private sector development.

In support of the new country partnership strategy, ADB prepared several thematic assessments, including the country gender assessment. ADB also helped foster coordinated assistance to the country, particularly in economic management. However, the military coup late in the year has given rise to some economic uncertainty.

The public sector’s weaknesses in economic management were acknowledged and Fiji Islands’ Strategic Development Plan defined far-reaching targets. Policy dialogue with the Government led to the adoption of legislation that encourages private–public partnerships, support for state-owned enterprise reform and management of utilities, and development of a cohesive set of policies to reform economic management. The program continues to support economic infrastructure and the development of alternative livelihoods.

ADB approved $1.5 million for three technical assistance projects: Preparing the Renewable Power Sector Development Project, Preparing Economic Restructuring Program Loan, and Improving Infrastructure Services. Ongoing projects included the Alternative Livelihood Development Project, approved for $25.0 million in 2005.

In support of the new country partnership strategy, ADB prepared several thematic assessments, including the Fiji Islands country gender assessment