Regional: Pacific Private Sector Development Initiative Phase II

Sovereign Project | 43048-012 Status: Closed

Summary

To meet the demand for more private sector-related programs, ADB launched the Pacific Private Sector Development Initiative (PSDI) in November 2006 with significant cofinancing from AusAID. PSDI leverages existing ADB country partnership strategies by providing a rapid-response capability for private sector-related reform. Building on the findings of comprehensive analyses and private sector assessments, PSDI focuses on the three key reform areas: (i) state-owned enterprise (SOE) reform and public-private partnerships (PPPs); (ii) financial sector reform to promote access to financial services; and (iii) reform of the legal and business regulatory environment. The TA being reviewed is the second phase of PSDI, which continues to focus on the three key reform areas above. However PSDI 2 is being implemented with two cross-cutting themes of (i) monitoring and evaluation framework and (ii) gender empowerment. PSDI 2 activities are implemented with a mix of country-focused and regional approaches.

Latest Project Documents


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

 
Project Name Pacific Private Sector Development Initiative Phase II
Project Number 43048-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7430-REG: Pacific Private Sector Development Initiative Phase II
Technical Assistance Special Fund US$ 3.00 million
Government of Australia US$ 9.00 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance - Finance sector development - Inclusive finance

Public sector management - Law and judiciary - Public expenditure and fiscal management

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy

To meet the demand for more private sector-related programs, ADB launched the Pacific Private Sector Development Initiative (PSDI) in November 2006 with significant cofinancing from AusAID. PSDI leverages existing ADB country partnership strategies by providing a rapid-response capability for private sector-related reform. Building on the findings of comprehensive analyses and private sector assessments, PSDI focuses on the three key reform areas: (i) state-owned enterprise (SOE) reform and public-private partnerships (PPPs); (ii) financial sector reform to promote access to financial services; and (iii) reform of the legal and business regulatory environment. The TA being reviewed is the second phase of PSDI, which continues to focus on the three key reform areas above. However PSDI 2 is being implemented with two cross-cutting themes of (i) monitoring and evaluation framework and (ii) gender empowerment. PSDI 2 activities are implemented with a mix of country-focused and regional approaches.

The new RETA is a continuation of the PSDI (RETA 6353), albeit with a strong focus on reform implementation and catalyzing investment.

The RETA is closely coordinated with, and supplements where feasible, ADB and other agencies' efforts to support the region in responding to the impact of the global economic crisis, in particular through reform measures that help increase flexibility and productivity of the economies of the countries concerned.

Impact Contribution to poverty reduction by promoting private enterprise, investment, and economic growth.

Project Outcome

Description of Outcome Pacific island governments implement focused reform strategies and measures, and project designs for an improved business enabling environment.
Progress Toward Outcome Intiatives and subprojects undertaken under this TA will be continuously implemented under the third phase of PSDI (TA 8378-REG), approved in May 2013 for implementation until May 2019
Implementation Progress
Description of Project Outputs

1. Policy advisory

(i) Advocacy, research, and communication

(ii) Technical advice, and capacity development

(iii) Regional cooperation and results monitoring and

benchmarking

2. Transactions support

(i) Initial assessments and prefeasibility studies

(ii) Feasibility studies, due diligence, and project and transactions design and packaging

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

Phase II of PSDI was launched operationally in early-2010 and a core team of private sector development experts has been recruited. Project management structures and systems were already in place under TA 6353-REG: Private Sector Development Initiative, i.e., phase I, and are continuing for this second phase.

This TA added to the work already completed through phase I and leverages the analysis of private sector development issues previously developed. To better track progress and results of PSDI, a monitoring and evaluation framework has been developed under phase II of PSDI that encompasses all phases of ADB private sector reform efforts in the Pacific region. In addition, gender has been incorporated as a crosscutting theme of this phase.

Approximately $11.97 million was committed and disbursed under TA.

The TA is completed by December 2014, and financial closing is underway.

Geographical Location Pacific Developing Member Countries (PDMCs)

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design

(i) Government officials from relevant government agencies and state-owned enterprises in PDMCs, including Ministry of Finance, Ministry of Public Enterprises;

(ii) Private sector entities including chambers of commerce, women's groups, banking institutions;

(iii) Civil society organizations including women's and community groups; and

(iv) Development partners active in private sector development activities in Pacific including the IFC and other bilateral and multilateral development institutions/organizations.

During Project Implementation Same as during the project design with more frequent and in-depth consultations.

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
Asian Development Bank
Jeremy Cleaver
jcleaver@adb.org
Pacific Liaison and Coordination Office Level 18, Suite 1802, 1 Margaret Street (corner of Clarence and Margaret Streets Sydney, NSW 2000, Australia

Timetable

Concept Clearance 01 Apr 2009
Fact Finding 11 Mar 2009 to 25 Mar 2009
MRM -
Approval 10 Dec 2009
Last Review Mission -
PDS Creation Date 20 Apr 2009
Last PDS Update 19 Mar 2015

TA 7430-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Dec 2009 - 10 Dec 2009 31 Dec 2013 31 Dec 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
3,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 12,000,000.00 10 Dec 2009 11,965,412.21

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

Title Document Type Document Date
Digital Financial Services in the Pacific: Experiences and Regulatory Issues Reports Mar 2016
Empowering the Other Half: Women and Private Sector Growth in the Pacific Brochures and Flyers Dec 2015
The Cook Islands: Stronger Investment Climate for Sustainable Growth Country Planning Documents Oct 2015
Reform Renewed: A Private Sector Assessment for Samoa Country Planning Documents Oct 2015
Growing the Non-Oil Economy: A Private Sector Assessment for Timor-Leste Country Planning Documents Jul 2015
Unlocking Finance for Growth: Secured Transactions Reform in Pacific Island Economies Reports Sep 2014
Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries Reports Aug 2014
Together We Deliver: 10 Stories from ADB-Supported Projects with Clear Development Impacts Books Apr 2014
Re-invigorating Private Sector Investment: A Private Sector Assessment for Fiji Country Planning Documents Jun 2013
Finding Balance: Benchmarking the Performance of State-Owned Enterprises in Papua New Guinea Books Sep 2012
Impact Stories from the Pacific Region - Breaking Down the Barriers to Business: More Private Sector Reform Stories Brochures and Flyers Jul 2012
Continuing Reform to Promote Growth: Update of the Private Sector Assessment for Tonga Country Planning Documents Jun 2012
Palau: Policies for Sustainable Growth, A Private Sector Assessment Country Planning Documents Jul 2011
Finding Balance 2011: Benchmarking the Performance of State-Owned Enterprises in Fiji, Marshall Islands, Samoa, Solomon Islands, and Tonga Books Mar 2011
Breaking Down the Barriers to Business in the Pacific: Private Sector Reform Stories Brochures and Flyers Jan 2011
Sustaining Growth: A Private Sector Assessment for Vanuatu Country Planning Documents Jun 2009
Finding Balance: Making State-Owned Enterprises Work in Fiji, Samoa, and Tonga Books Feb 2009
Transforming Tonga: A Private Sector Assessment Country Planning Documents Dec 2008
Foundation for the Future: A Private Sector Assessment for Papua New Guinea Country Planning Documents Jun 2008
Samoa: Consolidating Reform for Faster Economic Growth Country Planning Documents Jun 2008
Private Sector Assessment for Solomon Islands Country Planning Documents Jul 2005
Promise Unfulfilled: Private Sector Assessment for Fiji Country Planning Documents Jul 2005
Swimming Against the Tide? An Assessment of the Private Sector in the Pacific Serials Jan 2004

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.