Project Name State-Owned Enterprise Rationalization Program
Project Number 43413-012
Country Vanuatu
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7588-VAN: State-Owned Enterprise Rationalization Program
Japan Fund for Poverty Reduction US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome Support the development and implementation of an SOE reform program in Vanuatu to relieve the fiscal strain that SOEs place on the state budget and ensure that SOEs do not compromise consumer welfare or crowd out the private sector.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Supported MFEM to prepare the liquidation of four SOEs in the country: Asset Management Unit (AMU), Metensel Estates Limited (MEL), Vanuatu Livestock Development Limited (VLDL), and the Vanuatu Agricultural Development Bank (VADB).

An SOE policy was endorsed by Council of Ministers (COM) in October 2013.

A new SOE Act has been drafted.

Training courses on SOE governance and monitoring are being delivered.

A director performance evaluation system has been developed.

Geographical Location National (Vanuatu)

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The TA has been designed in close consultation with Ministry of Finance and Economic Management (MFEM) and key stakeholders, including the SOEs, line ministries, Prime Ministers Office, State Law Office, and development partners.
During Project Implementation During the project implementation, the project team will continue consulting with MFEM, SOEs, line ministries, Prime Minister's office, State Law Office, and development partners. In addition, the team will also develop individual SOE rationalization plans for the SOEs, as agreed jointly with the Directorate of Finance.

Business Opportunities

Consulting Services Consultant recruitment is underway.

Responsible Staff

Responsible ADB Officer Hayden Everett
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Ministry of Finance & Economic Management
P.M.B. 058
Port Vila
Vanuatu

Timetable

Concept Clearance 31 Mar 2010
Fact Finding 12 Apr 2010 to 16 Apr 2010
MRM -
Approval -
Last Review Mission -
PDS Creation Date 03 Jun 2010
Last PDS Update 26 Nov 2014

TA 7588-VAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
01 Sep 2010 01 Oct 2010 01 Oct 2010 30 Sep 2012 31 Dec 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 500,000.00 100,000.00 0.00 0.00 0.00 600,000.00 01 Sep 2010 327,285.95

 
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