Maldives: Restructuring and Privatization of State-owned Enterprises (formerly Assisting the Restructuring of State-owned Entrprises)

Sovereign Project | 39664-012

Summary

The objective of the TA will be to initiate reforms of its public enterprises by the Government. The TA would help the Government design and implement public enterprises reform measures. The TA will focus on (i) development of institutional framework for implementing the public enterprises reforms program; (ii) preparation of business restructuring plan for enterprises identified to be restructured while being retained under Government's ownership; and (iii) advising and assisting the government in disinvestment of its shareholding in public enterprises for identified enterprises through public floatation of shares and/or induction of a strategic partner. This program has been conceptualized as a pilot program to enable Government to develop capacity and to gain experience and skills in implementing public enterprises reforms which can be extended to the remaining enterprises not covered under the current program in the future.

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Project Name Restructuring and Privatization of State-owned Enterprises (formerly Assisting the Restructuring of State-owned Entrprises)
Project Number 39664-012
Country Maldives
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4879-MLD: Restructuring and Privatization of State-owned Enterprises (formerly Assisting the Restructuring of State-owned Entrprises)
Technical Assistance Special Fund US$ 400,000.00
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
Description The objective of the TA will be to initiate reforms of its public enterprises by the Government. The TA would help the Government design and implement public enterprises reform measures. The TA will focus on (i) development of institutional framework for implementing the public enterprises reforms program; (ii) preparation of business restructuring plan for enterprises identified to be restructured while being retained under Government's ownership; and (iii) advising and assisting the government in disinvestment of its shareholding in public enterprises for identified enterprises through public floatation of shares and/or induction of a strategic partner. This program has been conceptualized as a pilot program to enable Government to develop capacity and to gain experience and skills in implementing public enterprises reforms which can be extended to the remaining enterprises not covered under the current program in the future.
Project Rationale and Linkage to Country/Regional Strategy
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Maldives
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 The TA will be implemented over a period of approximately 8 months, intermittently from Feb 2007 to Jan 2008, and will require an estimated total of 41 person-months of consulting services, of which at least 25 person-months are for international services and 16 person-months are for domestic consulting services. The following areas of expertise have been identified at this stage for the international consultants: (i) SOE Reform Specialist/Team Leader (6 person-months); (ii) Organization Development Specialist (2 person-months); (iii) Business Restructuring (Power) Specialist (2 person-months); (iv) Capacity and Administrative Restructuring Specialist (3 person-months); (v) Financial Analyst (2 person-months); (vi) Asset Valuation Specialist (1.5 person-months); (vii) Transaction Specialist (3 person-months with support of 2 national transaction specialist's support of 4 months each); (viii) Legal Specialist (2 person-months); (ix) Social Safety Net Program Specialist (1.5 person-months); and (x) Communication/Change Management Specialist (2 person-months). National consultants will be engaged to complement the expertise of the international consultants: (i) Legal Specialist (2 person-months); (ii) Transaction Specialist (2 specialists at 4 months each); (iii) Support Consultants (6 person-months).
Responsible ADB Officer Natalie D. Bertsch
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and TreasuryMr. Riluwan ShareefAmeenee Magu
Male'
Republic of the Maldives
Timetable
Concept Clearance 10 Mar 2006
Fact Finding 12 Sep 2006 to 17 Sep 2006
MRM -
Approval 01 Dec 2006
Last Review Mission -
PDS Creation Date 31 Jan 2007
Last PDS Update 17 Jul 2008

TA 4879-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
01 Dec 2006 06 Mar 2007 06 Mar 2007 31 Jan 2008 30 Sep 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 70,000.00 0.00 0.00 0.00 470,000.00 01 Dec 2006 370,706.00

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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