Regional: Pacific Private Sector Development Initiative, Phase III

Sovereign Project | 46510-001

Summary

The Pacific Private Sector Development Initiative (PSDI) Phase III will follow on and build on the successes and strengths of the PSDI Phases I and II. These technical assistance projects, cofinanced by Australian Aid, support the Pacific Approach and Strategy 2020 of the Asian Development Bank (ADB) and leverage ADBs strategic focus on private sector development, with the objective of improving the business environment in Pacific developing member countries.

The TA will build on past achievements through intensive implementation support, extend work in core areas where limited reforms have occurred, and improve the business environment to enhance the competitiveness of Pacific DMCs. It will strengthen the foundation for more inclusive growth as well as advance the economic status of women. It will assist entrepreneurs in the informal sector to formalize their businesses, opening opportunities to access formal financial institutions and to take advantage of the modernization of business laws.

Latest Project Documents

Consulting Notices

See also: CMS

Procurement Notices

See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents

No documents of this type are currently available for this project.


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 III
Project Number 46510-001
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8378-REG: Pacific Private Sector Development Initiative, Phase III
Technical Assistance Special Fund US$ 2.00 million
TA 8378-REG: Pacific Private Sector Development Initiative, Phase III (Supplementary)
Australian Grant US$ 8.08 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 - Economic affairs management - Law and judiciary
Gender Equity and Mainstreaming Gender equity
Description

The Pacific Private Sector Development Initiative (PSDI) Phase III will follow on and build on the successes and strengths of the PSDI Phases I and II. These technical assistance projects, cofinanced by Australian Aid, support the Pacific Approach and Strategy 2020 of the Asian Development Bank (ADB) and leverage ADBs strategic focus on private sector development, with the objective of improving the business environment in Pacific developing member countries.

The TA will build on past achievements through intensive implementation support, extend work in core areas where limited reforms have occurred, and improve the business environment to enhance the competitiveness of Pacific DMCs. It will strengthen the foundation for more inclusive growth as well as advance the economic status of women. It will assist entrepreneurs in the informal sector to formalize their businesses, opening opportunities to access formal financial institutions and to take advantage of the modernization of business laws.

Project Rationale and Linkage to Country/Regional Strategy

It is difficult to do business in the Pacific. Firms have to deal with isolation, small market size, and poor communications. The costs of doing business are high. The PSDI focuses on reducing the costs of doing business. Many Pacific DMCs have competition frameworks that are not strong enough to regulate monopolies, provide poor consumer protection, and allow a small number of firms to dominate local economies. All of these constraints reduce private sector growth.

Limited economic opportunities for women result in higher opportunity cost in terms of foregone growth and poverty alleviation. Many barriers to women's economic empowerment are systemic, being rooted in outdated laws or exclusionary economic and cultural practices.

Impact The expected impact of the TA will be sustained economic growth in Pacific DMCs that increases incomes.
Project Outcome
Description of Outcome The expected outcome will be an equitable business environment encouraging new business formation, and increased domestic and foreign investment in Pacific DMCs.
Progress Toward Outcome Implementation ongoing.
Implementation Progress
Description of Project Outputs

Businesses and households in selected Pacific developing member countries have improved access to financial services.

Selected business laws in Pacific developing member countries promote inclusive business formation, investment, entrepreneurship, and trade.

The delivery of infrastructure services will be made more efficient and cost-effective.

Selected Pacific developing member countries governments establish a framework that promotes competition.

Successful pilot initiatives promoting the economic empowerment of women are implemented in selected Pacific developing member countries.

Strategic and knowledge management services are effectively provided.

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

Phase III of PSDI was launched operationally in May 2013 and a core team of private sector development experts has been recruited. Project management structures and systems were already in place under the first two phases of PSDI will continue for this phase.

This TA adds to the work already completed and still underway through phase I and II, and leverages the analysis of private sector development issues previously developed.

There are 92 ongoing initiatives being implemented for 14 Pacific developing member countries under the TA and 42 active consultant contracts. Approximately $20.2 million has been committed, with $6.8 million disbursement to date.

Geographical Location
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.
Business Opportunities
Consulting Services

Consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants (2013, as amended from time to time).

Consultants with expertise in the following areas are being engaged: (i) economic analysis; (ii) business and market analysis; (iii) PSD strategies and policies; (iv) competition policies; (v) economic empowerment of women; (vi) institutional and organizational change; (vii) SOE reform; (viii) PPPs; (ix) business law reform; (x) regulatory reform; (xi) access to finance; (xii) branchless banking; (xiii) capacity development; (xiv) knowledge management and communication; (xv) monitoring and evaluation; and (xvi) flexible results-oriented innovative grant delivery, among others.

Procurement Procurement is being undertaken in accordance with ADB's Procurement Guidelines (2013, as amended from time to time).
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 Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 16 Apr 2013
Fact Finding -
MRM -
Approval 06 Jun 2013
Last Review Mission -
Last PDS Update 17 Mar 2015

TA 8378-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Jun 2013 - 06 Jun 2013 31 May 2019 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
2,000,000.00 8,080,000.00 0.00 0.00 0.00 0.00 10,080,000.00 06 Jun 2013 9,261,850.63
Title Document Type Document Date
Pacific Private Sector Development Initiative, Phase III: Major Change in Technical Assistance TA Change in Scope, Amount, and Implementation Arrangements May 2015
Pacific Private Sector Development Initiative, Phase III Technical Assistance Reports May 2013

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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.