Regional: Private Sector Development Initiative (PSDI)

Sovereign Project | 37662-012

Summary

The proposed PSD Initiative (PSDI) aims at improving the business environment in Pacific Islands by promoting effective PSD policies and practices within the context of ADB country assistance strategies. PSDI will have a strong focus on the following core themes: (i) financial intermediation; (ii) institutional, legal, and regulatory business environment; and (iii) state-owned enterprise reform and public-private partnerships.

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Project Name Private Sector Development Initiative (PSDI)
Project Number 37662-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6353-REG: Private Sector Development Initiative (PSDI)
Technical Assistance Special Fund US$ 1.10 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Private sector development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Description

The proposed PSD Initiative (PSDI) aims at improving the business environment in Pacific Islands by promoting effective PSD policies and practices within the context of ADB country assistance strategies. PSDI will have a strong focus on the following core themes: (i) financial intermediation; (ii) institutional, legal, and regulatory business environment; and (iii) state-owned enterprise reform and public-private partnerships.

PSDI will deliver activities in 3 main output categories: (i) diagnostic studies, dialogue, and communication; (ii) rapid response, technical advice, and capacity development; and (iii) regional initiatives and monitoring. Activities will be carried out using a mix of country-focused, multi-country and regional approaches and processes. On the country level, deliverables will include diagnostics (economic and sector work); stakeholder engagement; PSD policies, strategies, and reform roadmaps on country and sector levels; design and implementation of policy, legislative and regulatory, and institutional PSD reform measures, including capacity development; identification and catalysis of strategic opportunities for private sector investment in the region, for instance in the area of public-private partnerships; improved public-private dialogue; regional cooperation; and improved awareness and understanding of PSD issues, policies, strategies and practices with a view to creating demand for change.

Project Rationale and Linkage to Country/Regional Strategy PSD is a main pillar of ADB's Pacific Approach 2101 - 2014, which guides ADB's assistance strategies and programs.
Impact Contribution to poverty reduction by promoting enterprise, investment, and economic growth
Project Outcome
Description of Outcome Focused reform policies, strategies, and measures for an improved enabling business environment, with emphasis on core themes of (i) stateowned enterprise reform and public-private partnerships, (ii) financial intermediation, (iii) business law and regulation, and (iv) mainstreaming of PSD in priority sectors
Progress Toward Outcome Implementation Ongoing
Implementation Progress
Description of Project Outputs

Diagnostic studies, dialogue, and communication

Rapid response, technical advice, and capacity development

Regional initiatives and monitoring

Status of Implementation Progress (Outputs, Activities, and Issues)

PSDI was launched operationally in early 2007. A strong core team of PSD experts has been recruited; project management structures and systems, including a Management for Development Results (MfDR) tool, have been put in place; the analysis of PSD issues and solutions in the region has been strengthened, and the findings communicated to key stakeholders and the general public. Thirty-eight activities are underway in all of the three core focus areas. To date approximately $9.7m have been committed to these activities.

In particular, PSDI has enabled ADB to respond rapidly and seize PSD reform opportunities as they occur. This capacity facilitated the rapid, demand-oriented dispatch of highly skilled technical expertise to support PDMC governments in key PSD result areas. The RETA has also been proven instrumental in identifying and catalyzing strategic opportunities for private sector investment, and supporting dialogue between governments and businesses.

Government, private sector, and reform champions have been delighted about the unique responsiveness and the highly qualified, hands-on expertise dispatched, often at short notice, under the PSDI. Relationships and trust have developed, and strong reform constituencies established in selected PDMCs. This, in turn, has increased demand exponentially. The PSDI team has been expanded in line with the demand.

A number of large scale PSD reform programs have been underway for some time in multiple countries and on a regional basis. These reforms are multiple year efforts, and will translate into development outcomes accordingly. PSDI has the potential to develop into a significant success story if it can be sustained to see through some of the ongoing, fundamental PSD reforms. A second phase of PSDI was approved in December 2009 and is now ongoing.

Geographical Location Pacific Developing Member Countries (PDMC)
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Substantial consulting services by international and domestic experts specialized in one or more of the above core themes and/or output categories will be required. In addition, a small number of PSD experts will be required for longer term engagement for the promotion, management, and evaluation of subprojects financed under this TA. Recruitment will include both individual experts and firms, depending on the specific assignment/subproject.
Responsible ADB Officer Hayden Everett
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Asian Development BankMr. Jeremy Cleaverjcleaver@adb.org6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 23 May 2006
Fact Finding 03 Jul 2006 to 06 Jul 2006
MRM -
Approval 21 Nov 2006
Last Review Mission -
PDS Creation Date 19 Oct 2006
Last PDS Update 15 Feb 2011

TA 6353-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Nov 2006 - 21 Nov 2006 30 Nov 2011 30 Apr 2013 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,100,000.00 0.00 0.00 0.00 0.00 0.00 1,100,000.00 21 Nov 2006 9,809,552.73
Title Document Type Document Date
Private Sector Development Initiative TA Completion Reports Sep 2013
Reforming Pacific Contract Law Documents Produced Under Grant/Loans/TA Aug 2009
Private Sector Development Initiative TA Change in Scope, Amount, and Implementation Arrangements Jul 2008
Private Sector Development Initiative Technical Assistance Reports Oct 2006

Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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