Regional: Pacific Private Sector Development Initiative Phase II

Sovereign Project | 43048-012

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.

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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
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 ADB Officer Hayden Everett
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Asian Development BankJeremy Cleaverjcleaver@adb.orgPacific 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 0.00 0.00 0.00 0.00 0.00 3,000,000.00 10 Dec 2009 11,965,412.21

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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