Regional: Strengthening Public Financial Management in Pacific Developing Member Countries

Sovereign Project | 42154-012

Summary

The Pacific Region is characterized by high public expenditures and significant government ownership of assets. Inadequate oversight of these resources and the public of governments and the wellbeing of Pacific peoples. This technical assistance (TA) will support initiatives to strengthen Pacific PFM and reduce fiduciary risk, including by providing accounting and internal audit support, and designing a competency-based capacity development program. The design reflects consultations undertaken over the past 2 years, including with the Pacific Financial Technical Assistance Centre (PFTAC), the Pacific Islands Financial Managers Association (PIFMA) and the Pacific Association of Supreme Audit Institutions (PASAI).

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Project Name Strengthening Public Financial Management in Pacific Developing Member Countries
Project Number 42154-012
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6507-REG: Strengthening Public Financial Management in Pacific Developing Member Countries
Technical Assistance Special Fund US$ 1.50 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Sector / Subsector Public sector management - Public expenditure and fiscal management
Gender Equity and Mainstreaming
Description The Pacific Region is characterized by high public expenditures and significant government ownership of assets. Inadequate oversight of these resources and the public of governments and the wellbeing of Pacific peoples. This technical assistance (TA) will support initiatives to strengthen Pacific PFM and reduce fiduciary risk, including by providing accounting and internal audit support, and designing a competency-based capacity development program. The design reflects consultations undertaken over the past 2 years, including with the Pacific Financial Technical Assistance Centre (PFTAC), the Pacific Islands Financial Managers Association (PIFMA) and the Pacific Association of Supreme Audit Institutions (PASAI).
Project Rationale and Linkage to Country/Regional Strategy

This technical assistance (TA) will support initiatives to strengthen Pacific PFM and reduce fiduciary risk, including by providing accounting and internal audit support, and designing a competency-based capacity development program. The design reflects consultations undertaken over the past 2 years, including with the Pacific Financial Technical Assistance Centre (PFTAC), the Pacific Islands Financial Managers Association (PIFMA) and the Pacific Association of Supreme Audit Institutions (PASAI).

The assistance is consistent with the strategies, priorities and commitments of Pacific countries and the Asian Development Bank (ADB), including the Pacific Plan, which seeks to enhance good governance, economic growth, sustainable development and security through regionalism. The TA will contribute to strategic objective 12 of the Pacific Plan, which aims to improve transparency, accountability, equity and efficiency in the management and use of resources in the Pacific. The TA is also consistent with ADB's Pacific Strategy 2005-2009, which identifies strengthened government transparency and accountability as a key result area, and with ADB's second Governance and Anticorruption Action Plan (GACAP II), which is focused on improving ADB's performance in implementing governance and anticorruption policies in sectors where ADB is active. Finally, in supporting the 2005 Paris Declaration on Aid Effectiveness, recipient countries have committed to publishing timely, transparent, and reliable financial reports, while development partners (including ADB) have committed to relying to the maximum extent possible on country PFM systems.

Impact Better governance through improved transparency,accountability, and efficiency in managing and using public resources in the Pacific
Project Outcome
Description of Outcome Strengthened capacity of selected Pacific island governments to manage public resources.
Progress Toward Outcome Satisfactory progress is being made on TA outputs, and in some cases TA outputs are now complete. Kiribati, Nauru and Tuvalu have been supported to develop financial reporting frameworks in line with the cash-basis international public sector accounting standards; the inaugural Pacific financial reporting awards have been designed; a cooperative approach modeled on the Pacific Regional Audit Initiative subregional audit support program has been developed; and Cook Islands, Samoa, and Tonga have been supported to establish and implement internal audit.
Implementation Progress
Description of Project Outputs

Strengthened internal auditing and financial reporting

Structured PFM capacity-development program endorsed by PIFMA

Strengthened aid coordination and debt management

Sound PFM advocated

Status of Implementation Progress (Outputs, Activities, and Issues) Under the TA (i) three pilot countries are being supported to develop financial reporting frameworks in line with the cash-basis international public sector accounting standards; (ii) the inaugural Pacific financial reporting awards have been designed; (iii) a cooperative approach modeled on the Pacific Regional Audit Initiative subregional audit support program is being developed for accounting and financial reporting; and (iv) four pilot countries are being supported to establish and implement internal audit. Additional support extended to SAM and PNG.
Geographical Location Cook Islands, Fiji Islands, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, Vanuatu
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 require (i) international consultants (an estimated 37 person-months of inputs) with skills and expertise in PFM, internal auditing, accounting and financial reporting, aid coordination and debt management, and capacity development; and (ii) national and regional consultants (an estimated 18 person-months of inputs) with skills and expertise in accounting, internal auditing, financial reporting, aid coordination and debt management, and capacity development. It is desirable that consultants have demonstrated previous successful experience working in the Pacific islands.

A Public Financial Management Adviser (international consultant) under the 'other expert' category was also recruited on an intermittent basis for 12 months to support the implementation of the TA.

Responsible ADB Officer Flordeliza R. Asistin
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Asian Development BankHayden Everettheverett@adb.org6 ADB Ave., Ortigas Center, Mandaluyong City, Philippines 1550
Timetable
Concept Clearance 18 Nov 2008
Fact Finding 10 Mar 2008 to 24 Mar 2008
MRM -
Approval 11 Dec 2008
Last Review Mission -
PDS Creation Date 12 Dec 2008
Last PDS Update 06 Mar 2015

TA 6507-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
11 Dec 2008 - 11 Dec 2008 31 Dec 2011 31 Oct 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,500,000.00 0.00 200,000.00 0.00 0.00 0.00 1,700,000.00 11 Dec 2008 1,251,082.89

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