|Project Name||State-Owned Enterprise Rationalization Program|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
Private sector development
|Sector / Subsector||
Public sector management - Economic affairs management
|Gender Equity and Mainstreaming||No gender elements|
|Project Rationale and Linkage to Country/Regional Strategy|
|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.|
|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)|
|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.|
|Consulting Services||Consultant recruitment is underway.|
|Responsible ADB Officer||Hayden Everett|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||Pacific Liaison and Coordination Office in Sydney, Australia|
Ministry of Finance & Economic Management
|Concept Clearance||31 Mar 2010|
|Fact Finding||12 Apr 2010 to 16 Apr 2010|
|Last Review Mission||-|
|PDS Creation Date||03 Jun 2010|
|Last PDS Update||26 Nov 2014|
|Approval||Signing Date||Effectivity Date||Closing|
|01 Sep 2010||01 Oct 2010||01 Oct 2010||30 Sep 2012||31 Dec 2014||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|0.00||500,000.00||100,000.00||0.00||0.00||0.00||600,000.00||01 Sep 2010||327,285.95|