Regional: Pacific Economic Management (Phase 2)

Sovereign Project | 47342-001 Status: Approved


Latest Project Documents

Consulting Notices

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Procurement Notices

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Procurement Documents

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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.

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Project Name Pacific Economic Management (Phase 2)
Project Number 47342-001
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8565-REG: Pacific Economic Management (Phase 2)
Technical Assistance Special Fund US$ 750,000.00
TA 8565-REG: Pacific Economic Management (Phase 2) (Supplementary)
Technical Assistance Special Fund US$ 225,000.00
TA 8565-REG: Pacific Economic Management (Phase 2) (Supplementary)
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development - Infrastructure finance and investment funds - Money and capital markets - Trade finance

Industry and trade - Industry and trade sector development - Trade and services

Public sector management - Economic affairs management - Public administration

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved economic performance and public financial management in participating Pacific develooping member countries (DMCs)
Project Outcome
Description of Outcome Improved economic policies and public financial management implemented in participating Pacific DMCs
Progress Toward Outcome

Consultants are providing advisory services, on an as-requested basis, to policymakers in Pacific DMCs. Advisory missions have been fielded to Palau, Solomon Islands, Timor-Leste, Tonga, and Vanuatu.

TA has also supported the Pacific Update Conferences in 2014 (in June in Canberra, Australia) and 2015 (in July in Suva, Fiji), and fielding of resource persons (e.g., meeting on Nauru Trust Fund, symposiums and meetings in Palau).

Work is ongoing on commissioned studies on trust funds in the Pacific and fiscal impact of disasters.

Consultants provided research, editing, and other assistance for key ADB publications such as the Asian Development Outlook and Pacific Economic Monitor. Consultants have also provided comments and occasional support for other ADB publications and projects related to the Pacific, including a joint PARD/ADBI study (launched in July 2015) examining Pacific linkages with the rest of Asia.

Implementation Progress
Description of Project Outputs

Improved set of economic indicators produced and shared on a timely basis

Economic and public financial management policy advice provided

New or enhanced economic or financial models for Pacific DMCs

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

Two issues of the Pacific Economic Monitor were launched in 2014, and one (to date) in 2015.

Assisted in the preparation of Tonga Strategic Development Framework (TSDF) II during missions on September and October 2014.

Missions/workshops to update/roll out models for long term fiscal forecasting and planning to Ministries of Finance and Central Banks in Pacific DMCs were conducted in cooperation with development partners (PIFS, PFTAC, PICPA). Workshops on macroeconomic forecasting and long-term fiscal planning convened in Suva, Fiji in December 2014 and gathered more than thirty participants from 10 Pacific DMCs.

Reviewed and enhanced Debt Sustainability Analysis (DSA) worksheet for Vanuatu during a mission in January 2015.

Participated in the September 2015 meetings of the Joint Economic Management Committee and the Trust Fund Committees of the Republic of the Marshall Islands and the Federated States of Micronesia.

Advisory work is ongoing to examine the implementation of a value-added tax in Timor-Leste, and establishment of a new Nauru Trust Fund.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The design of the proposed TA developed over the course of implementation of Phase I (subprojects 1 and 2) of the Pacific Economic Management. Consultations with economic policymakers and technical staff from Ministries of Finance and Central Banks of several Pacific DMCs (i.e., Cook Islands, Fiji, Republic of the Marshall Islands, Federated States of Micronesia, Nauru, Solomon Islands, Tonga, Tuvalu) guided refinements to the TA from Phase I of the TA.
During Project Implementation Actual provision of TA-funded policy advisory services is upon request of Pacific DMC stakeholders. Support of conferences and workshops is carried out in close coordination with concerned development partners - in 2014, the TA worked with the Development Policy Centre of the Crawford School of Public Policy, Australian National University; Pacific Financial Technical Assistance Centre under the International Monetary Fund; Pacific Islands Forum Secretariat; and Pacific Islands Center for Public Administration of the University of the South Pacific.
Business Opportunities
Consulting Services The TA will require consulting services for the following positions: Project Manager (11 PM), Lead Advisors (12 PM), Public Financial Management Specialists (11 PM), Advisor (11 PM), and Economic Analysts (12 PM) with areas of expertise needed to conduct economic monitoring, generate new high frequency economic indicators from existing data, develop economic policy analysis tools, and measures to link improved monitoring and analysis to public financial management to be developed and implemented by staff in Ministries of Finance and Central Banks of Pacific DMCs with the assistance of the TA. Consultants will be recruited in accordance with Guidelines on Use of Consultants by ADB and Its Borrowers. To allow speedy mobilization of consultants in response to specific policy advice, the consultants will be prequalified in accordance with Indefinite Delivery Contract modality. Disbursement of TA proceeds will conform to ADB's Technical Assistance Disbursement Handbook (2010, amended from time to time).
Responsible ADB Officer Christopher Edmonds
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Asian Development Bank
6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Concept Clearance 02 Dec 2013
Fact Finding -
Approval 13 Dec 2013
Last Review Mission -
Last PDS Update 10 Sep 2015

TA 8565-REG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Dec 2013 - 13 Dec 2013 31 Dec 2016 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,475,000.00 0.00 0.00 0.00 0.00 0.00 1,475,000.00 13 Dec 2013 567,279.86
Title Document Type Document Date
Pacific Economic Management (Phase 2) Technical Assistance Reports Dec 2013

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.

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.

Background Information

Areas of work

The Pacific Economic Management (PEM) technical assistance project provides high-quality economic analysis, which includes modeling and forecasting tools, as well as high-level policy advice. The project is also helping to develop a network of economists working in or specializing in the Pacific economies.

Economic monitoring and dissemination of economic indicators and policy analysis

The Pacific Economic Monitor is a biannual publication of ADB prepared by the PEM team. The Monitor provides an update of developments in the 14 Pacific developing member countries (DMCs) and their major partners. It also includes policy briefs that deals with key issues that serves as a regular forum for broad dissemination of good practices and lessons in the Pacific.

Economic and public fiscal management policy advice

Country-led studies have benefited from advisory and technical inputs provided by the project. Technical assistance support is tailored to meet individual country needs in order to build local capacity for and ownership of economic assessments and policies. Most recent assistance includes the following:

  • Tourism development assessment of Palau (2014);
  • Macroeconomic assessment of Cook Islands (2013);
  • Assessment of the fuel procurement system in Nauru (2012);
  • Cabinet paper on fiscal responsibility legislation in the Republic of Marshall Islands (2012); and
  • Fiscal ratios report in Tuvalu (2012).

Phase 2 of PEM initiated improvements in public fiscal management to boost economic performance and spur inclusive growth in Pacific DMCs.

PEM supports workshops and dialogues at the regional and country levels, where governments and key stakeholders shared their experiences and discussed policy issues. The most recent activities include the Pacific Update Conference in Canberra, Australia (2013 and 2014) and in Suva, Fiji (2015); PNG Update in Port Moresby, PNG (2013, 2014, and 2015); Palau Symposium (2014); Regional Workshop on Fiscal Management Models in the Pacific in Suva, Fiji (December 2012 and 2014); and the Economic Dialogue in Tonga (March 2012). PEM continues to hold, plan, support, and co-sponsor regional and subregional workshops and conferences.

Economic and financial models

Fiscal management models (FMMs) are spreadsheet-based budgeting tools developed and updated under the PEM technical assistance. FMMs have been developed in eight Pacific DMCs. Activities to extend these models to other countries under PEM or update and/or upgrade existing models are either ongoing or being planned.

The Pacific economic management team

The PEM technical assistance employs highly experienced lead advisors and specialists to provide Pacific DMC policymakers access to advice quickly when needed.

Urban, Social Development, and Public Management Division (PAUS), Pacific Department

Christopher Edmonds, senior economist and PEM project officer, manages much of the Pacific Department's economics research. He also serves as Editor-in-Chief for the department's flagship publication - the Pacific Economic Monitor.

Johannes Wolff, economist (public finance), coordinates and contributes to the public financial management component of the PEM technical assistance and supports work in related areas, such as fiscal modelling. He is also the country economist for Tonga. 

Rommel Rabanal, senior economics officer, acts as managing editor of the Pacific Economic Monitor. He also provides technical support to PEM activities especially during workshops. As a consultant, he was able to provide assistance to several Pacific DMCs under PEM.

Cara Tinio, associate economics and statistics analyst, provides administrative and technical support to PEM activities. Prior to joining ADB, she worked for the National Economic and Development Authority of the Philippines. 

Robert Boumphrey, lead advisor of PEM (consultant), has been connected with ADB for over 25 years, holding senior positions such as Head of Office for ADB's Special Liaison office in East Timor (now Timor-Leste). Prior to joining ADB, he worked for the Departments of Finance and Agriculture in Australia.

Savenaca Narube, lead advisor of PEM (consultant), served as Alternate Governor of Fiji in ADB. He held the position of Permanent Secretary for Finance, and eventually, Governor and Chairman of the Board of the Reserve Bank of Fiji.

Stephen Pollard, lead advisor of PEM (consultant), has over 40 years' experience as an economist. He worked for ADB as an economist in various positions, mostly in the Pacific Department, from 1996 to 2011. He is the author of several publications on economic development, poverty, and economic theory.

A pool of national staff and consultants also contribute to the Pacific Economic Monitor, and provide technical support and advice to Pacific DMCs under PEM.

Pacific Liaison and Coordination Office in Sydney, Australia

Roland Rajah, senior economics officer, is the country economist for Nauru, Solomon Islands, and Vanuatu and country team leader for Nauru. Prior to joining ADB, Rajah worked for several years as an economist at the Australian Department of Foreign Affairs and Trade.

Pacific Subregional Office in Suva, Fiji

Caroline Currie, senior country economist, is a regular contributor to the Fiji chapter of the Pacific Economic Monitor, as Country Team Leader for Fiji. She is the unit head of the Economics and Programming Unit and has overall responsibility for the programming of loans and grants for six Pacific DMCs.

Shiu Raj Singh, senior public management officer, is country country officer and country economist for Samoa. Before joining ADB, Shiu worked in the IMF and the Fiji government. 

Malie Lototele, senior economics officer, contributes to the write-ups for Cook Islands, Kiribati, and Tuvalu for the Pacific Economic Monitor. He is the country economist for the three countries.

Lai Tora, country economist, is country team leader for Tonga. He began his career as an economist in the Fijian civil service and the Pacific Islands Forum Secretariat before moving to ADB.

Saia Faletau, development coordination officer for Tonga also contributes to the Tonga section of the Pacific Economic Monitor.

Papua New Guinea Resident Mission

Yurendra Basnett, country economist, is responsible for country programming and strategy, donor coordination, economic analysis, and public financial management issues. Prior to joining the ADB, he was a senior research fellow at the Overseas Development Institute, based in London, UK.

Timor-Leste Resident Mission

David Freedman, country economist for Timor-Leste, worked in Papua New Guinea before joining the ADB. His interests include agriculture, natural resource management, and the role of public policy in fostering private sector development.

ADB's 14 Developing Member Countries (DMCs) in the Pacific are either fragile states or exhibit strong characteristics of fragility. Poor economic policies contribute to this fragility, and are linked to shortcomings in the institutional environments. The Pacific Economic Management technical assistance (PEM TA) responds to these challenges by helping Pacific DMCs improve economic monitoring and management to better inform policymaking and economic governance.

Related Material


Date Activity Staff and consultant(s) leading the activity*
Upcoming Activities: 2015
27 – 31 October 2015 Pacific Forum Finance and Economic Ministers' Meeting (FEMM), Pacific Forum Trade Ministers Meeting (FTMM), and Private Sector Dialogue Workshop (PSDW), Rarotonga, Cook Islands ADB staff (to be determined)
2 -6 November 2015 Workshop on expenditure planning and execution (in cooperation with IMF-PFTAC and UNESCAP) ADB staff and consultants (to be determined)
23 -26 November 2015 Workshops on revenue and expenditure forecasting (in cooperation with IMF-PFTAC) ADB staff and consultants (to be determined)
November 2015 (Dates to be confirmed) Palau Economic Symposium, Koror, Palau ADB staff and consultants (to be determined)
2 – 3 December 2015 South Pacific Central Bank Governors’ Meeting, Wellington, New Zealand ADB staff (to be determined)
To be determined Subregional workshops on the development and use of long term fiscal and macroeconomic models to guide development policy priorities (North Pacific, South Pacific, and Melanesia). ADB staff and consultants (to be determined)
To be determined Planned advisory missions to Palau, PNG, Samoa, Tonga, and Tuvalu to assist Ministries of Finance, Ministries of Planning, and Central Banks in developing long run economic and fiscal forecasting and planning models (in cooperation with IMF/PFTAC) ADB staff and consultants (to be determined)
Past Activities: 2014-2015
19 – 23 October 2015 Practical Applications of the Financial Programming Framework, Nuku’alofa, Tonga (in cooperation with IMF-PFTAC) Gina Williamson
19 – 23 October 2015 Cook Islands Macroeconomic Assessment ADB Staff, Savenaca Narube, and Gina Williamson
15-16 July 2015 2015 Pacific Update Conference, The University of the South Pacific, Suva, Fiji ADB staff and consultants 
18-19 June 2015 2015 PNG Update Conference, University of PNG, Port Moresby, Papua New Guinea ADB staff
10-17 March 2015 PFTAC Steering Committee Meeting and Joint ADB-PFTAC mission to develop Cook Islands’ long-term fiscal and macroeconomic planning models ADB staff
11-17 February 2015 Advisory Mission to assist the Government of Palau and the Palau Chamber of Commerce in assessing policy options to guide the development of Palau's tourism industry, Koror, Palau Walter Jamieson and an ADB National Consultant
26-30 January 2015 Advisory Mission to assist the Government of Vanuatu in developing a fiscal planning model, Port Vila, Vanuatu An ADB National Consultant
19-24 January 2015 Advisory Mission to assist the Government of Solomon Islands to develop an economic and fiscal forecasting and planning model, Honiara, Solomon Islands An ADB National Consultant
4-10 December 2014 Workshop on Long-Term Fiscal Modelling for Pacific Countries, Co-sponsored by IMF-PFTAC, PIFS, and USP-PICPA, Suva, Fiji ADB Staff, National Consultants, and Robin Boumphrey
2-4 December 2014 Workshop on Macroeconomic Forecasting for Pacific Countries, Co-sponsored by IMF-PFTAC, PIFS, and USP-PICPA, Suva, Fiji ADB Staff, National Consultants, and Robin Boumphrey
20-21 November 2014 Palau Economic Symposium 2014 – Supported participation of experts as resource speakers and panelists on tourism and agriculture, and in government policy discussions in the special sessions following the Symposium ADB staff, Walter Jamieson, and Stephen Pollard
September-October 2014 Advisory Mission to assist the Government of Tonga in preparing its new Strategic Development Framework (TSDF II), Nuku’alofa, Tonga Save Narube and Stephen Pollard
30 September - 7 October 2014 Meeting with the Government of Palau to discuss the development of an FMM and to assist the Government of Palau in preparing for its Annual Economic Symposium, Koror, Palau ADB staff, Stephen Pollard, and an ADB National Consultant
11 September 2014 Meeting to discuss technical assessment of the proposed design for a new Nauru Trust Fund, Brisbane, Australia Robin Boumphrey and Michael Wulfsohn
8-12 September 2014 Advisory Mission conducted to assist the Ministry of Finance in developing a macroeconomic framework for the National Development Plan, Nuku'alofa, Tonga Save Narube
12-13 June 2014 2014 PNG Update Conference, Port Moresby, PNG ADB staff
16-17 June 2014 2014 Pacific Update Conference, Canberra, Australia ADB staff, ADB National Consultants, and Stephen Pollard

FMM = fiscal management model.
"Regional" or "multi-country" activities are in bold font.
* ADB Pacific Department staff participated in or facilitated most of the activities listed. These staff include: Christopher Edmonds, Senior Economist and Project Officer; Emma Veve, Director, Urban, Social Development, and Public Management Division; Johannes Wolff, Economist (Public Finance); Lai Tora, Country Economist, and National Economists and Statisticians from the Philippines.

Earlier Activities: 2010-2013

Regional Resources

The Pacific Economic Management technical assistance (PEM TA) also supports key ADB publications that monitor economic developments in the region. These publications include:

Resources by Country: Mission reports, studies, and training materials

Country-level TA assistance is demand-driven. ADB’s 14 developing member countries in the Pacific (Cook Islands, Fiji, Kiribati, the Republic of the Marshall Islands, the Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, and Vanuatu) will participate on a self-selecting basis, with assistance provided in response to demand and expressed commitment.

Cook Islands

  • Advisory: Welfare Payment System (2010); Tax Assessment and Economic Summit Actions (2011)
  • Studies: Baseline Assessment Report; Issues Paper on Fiscal Responsibility Indicators*; Issues Paper on Strengthening Revenue Projections*; Issues Paper on Social Welfare System* (2009); Review of the Social Welfare System, Cook Islands FMM manual (2010); Report on tax options, Economic Summit actions, and debt sustainability issues (2011)
  • Technical: Economic Linkages Analysis (2011), Macroeconomic Assessment (2013, 2015)
  • FMM: Construction (2010); Update (2013)


  • Advisory: Public service reform (2010); International Monetary Fund stand-by arrangement (IMF SBA) negotiations (Apr 2010); IMF SBA (May-Jun 2010); IMF SBA (Sep 2010); IMF SBA (Oct-Nov 2010)
  • FMM: Construction (2012)
  • Studies: Review of local value-added content requirement in the tourism industry (2010); Improving oversight and management of Fiji National Provident Fund (2014)


  • Advisory: Budget and Medium-Term Framework preparation (2010)

Marshall Islands

  • Advisory: Policy actions and inception mission (2010); Policy endorsement (2011)
  • FMM: Construction (2012); Update (2013)
  • Studies: Baseline report (2010); Cabinet paper on debt management strategy and fiscal responsibility legislation* (2012); Republic of Marshall Islands FMM manual (2013); Compact Trust Funds in Micronesia (2014)


  • FMM: Construction (2013)
  • Studies: Compact Trust Funds in Micronesia (2014)


  • Advisory: Policy options for tourism development (2014, 2015); Assistance in preparation of the Annual Economic Symposium (2014)
  • FMM: Construction (2014)
  • Studies: Presentation on responsible tourism (2014); Presentation on agriculture development (2014)


  • Advisory: Meeting with various government ministries (2010); State-owned enterprises (SOE) reform recommendations (2011) Discussion of technical assessment of the proposed design for a new Nauru Trust Fund (2014)
  • Studies: Paper on debt strategy* (2011); Paper on fiscal responsibility ratios and revenue projections* (2011); Paper on the roadmap for SOE reforms* (2011); Assessment of the fuel procurement system (2012)


  • Advisory: Monetary policy review (2011)
  • Studies: Board memorandum on new organization structure (2012); Board memorandum on contracting of management positions (2012)

Solomon Islands

  • Advisory: Monetary policy review (2009); National strategic plan (NSP) framework preparation (Apr 2010); NSP preparation (Jul 2010); National development strategy (NDS) development (Nov-Dec 2010); NDS implementation (2011); Economic and fiscal forecasting and planning model development (2015)
  • Technical: NSP preparation (Aug 2010)
  • FMM: Initial construction (2012); First full version (2013)
  • Studies: Baseline assessment report (2009); Report on the economic monitoring system (2009); Report on the monetary policy framework (2009); Baseline assessment report (2010)


  • Advisory: Tax reform options development (2010)
  • Technical: International Investment Conference preparation, scoping and liaising with JICA (2010)
  • Studies: Report on tax reforms to enhance the investment climate and fiscal sustainability (2010); Handover report on the governance process of the Ministry of Finance (2012)


  • Advisory: Monetary policy and global financial crisis impact (2009); Policy advice (Feb 2010); Monetary policy (Feb-Mar 2010); Issues paper on social protection (May 2010); Monetary policy (Aug 2010); Macro and monetary policy design (Apr 2011); Various policy recommendations (Sep 2011); NRBT economic dialogue design (2012); Monetary policy (2013); Preparing the new Strategic Development Framework (Sept and Oct 2014)
  • FMM: Construction (2010); Update (2012)
  • Studies Report on monetary policy framework and transmission mechanism*(2009); Baseline assessment report (2010); Review of monetary policy* (2010); Review of monetary, fiscal, and exchange rate policies* (2010); Issues paper on policy coordination (2010)
  • Training Materials: Interrelationship of macroeconomic accounts (2009); Monetary policy framework (2009); Transmission mechanism (2009); The role of exchange rate in a small open economy (2009); Financial programming (2009)


  • Advisory: Fiscal ratios (2012)
  • FMM: Construction (2012)
  • Scoping mission (2011)
  • Studies: Analysis of private sector potential (2009); Report on fiscal ratios (2012)


  • Advisory: Macroeconomic management and policy coordination (2010), Debt sustainability analysis (2015)
  • FMM: Construction (2012)

FMM = fiscal management model.
Note: Above documents are available upon request, except for *confidential (e-mail address:

Country Testimonials

We asked the assisted-Pacific member countries about their experiences with the PEM TA. We are happy to share their responses...

Cook Islands

"The Cook Islands has been very fortunate for the assistance of the PEM TA program, as it has been very responsive to our needs. We have experienced quick turnaround times and flexibility in building approaches. The neutrality of advice from the TA program has been very relevant to the country context. The effectiveness of the TA assistance in regards to the involvement of TA expertise from within the region has impacted the capacity building of intermediate staff… Going forward, the Cook Islands look forward to your continued support and a close working relationship."

— Sarah Samuel, Economic Policy Analyst, Ministry of Finance and Economic Management


"Fiji first engaged with the PEM TA Program in 2009. The program, which is funded and supported by ADB, has provided some alternative solutions that have helped strengthen Fiji's financial position in the midst of subdued growth and rising debt levels. The PEM TA program was always responsive to our requests and timely in the provision of their assistance…In fact, some of the findings have been implemented by the current Government.

The PEM TA is essential for small economies in the Pacific. Some of the key challenges facing the countries would be best addressed through this program with ADB by giving opportunities for training.

An important element, in my view, that contributes to the success of this program in the Pacific Island countries is the fact that the consultants engaged have regional experiences. Likewise, given their understanding of the culture, they are more tolerant and patient with the officials and the specific circumstances and constraints that the PICS have in terms of policy setting, economic challenges and development. Their understanding/tolerance facilitates better understanding of the officials, which enhances practical application of measures proposed by the consultants. In this regard, I would urge that those with regional experiences be utilized for the PEM TA program. The Government of Fiji thanks the ADB and the PEM TA Program in particular for the assistance that has been rendered to us since 2009 under this scheme."

— Filimone Waqabaca, Permanent Secretary for Finance, Ministry of Finance

Marshall Islands

"The RMI had found the PEM TA to be of practical relevance. Two areas where we see potential and tangible benefits from are: (1) improvement in budget formulation; and (2) formulation of a debt management strategy. After the PEM TA visit to the Marshall Islands, which coincided with the PEFA assessment, we have gotten to be more appreciative of the critical need for a debt management strategy. This is becoming more and more relevant now that our loan repayments to ADB are increasing, as fiscal resources under the Compact of Free Association continue to shrink annually. It is my hope that we will be able to continue on this work toward the realization of a strategy that can be put forth for Cabinet endorsement and implementation.

Following the last PIFMA meeting in Nadi, we also are looking at similar budget model, as applied in Cook Islands. We also would like to position ourselves toward a similar exercise in the Marshall Islands and are hopeful that we can engage with you on this."

— Alfred Alfred, Jr., Secretary of Finance, Ministry of Finance


"I value the assistance from PEM TA in reviewing our monetary policy framework, the corporate structure including contracting of management positions and our Act. The reports are easy to follow and outline clearly the recommendations and steps that in my view are practical and achievable – a good foundation for reforms. I also appreciate your approach in handling sensitive issues with the Management Team and especially the Minister given the nature of the reforms. I would like to see PEM assistance to continue until the implementation of these reforms."

— Atalina Enari, Governor, Central Bank of Samoa

Solomon Islands

"ADB PEM TA's positive response to the request by the Solomon Islands Government to support in the formulation of its National Development Strategy is very much appreciated. The engagement of the technical assistance to the Ministry is a boost to the preparation process for the formulation of the strategy. Whilst important deliverables are expected of the ministry, the capacity to make it happen is a problem given a young team of graduates lacking technical experience and knowledge in this particular field. PEM TA's technical support is indeed a learning opportunity. Inputs, guidance and technical advice from the TA helped the ministry in mapping out a clear direction on how to progress in the work. Tasks were accomplished, critical deadlines met and Solomon Islands National Development strategy was finally produced. Further, the TA's vast experience working with other Pacific countries was an added bonus. Lessons were drawn and tailored to the needs and relevance to the country.

PEM TA support for this particular project is quite impressive given that whilst they support and help in delivering results, the focus is always on the Government taking and playing the leading role. This has boosted the morale of the officers and helped them gain self-confidence to speak as representatives of the Government before various audiences. Whilst training is always being preached as one way to learn, the actual hands on work is a more effective learning approach and PEM TA is doing exactly that."

— Lyn Legua, Director of Planning, Ministry of Planning and Aid Coordination


"The PEM TA commenced in September 2009 with the aim of evaluating key challenges and identifying responses by the NRBT, and reviewing the policy coordination framework, measures to improve coordination between the NRBT, government and stakeholders with the view to improve the overall economic management. In addition, the PEM TA was to provide appropriate on-the-job training to local staff, mainly those formulating and implementing monetary policy.

The TA recommendations were found to be practical for Tonga, and simple to understand and implement. The sensitivity of the PEM TA to the Tongan culture and ways of doing business was also found to be a bonus, particularly in improving the coordination between the NRBT, government and the stakeholders. The recommendations from the TA reflected the experience of the PEM TA in the Pacific region. The skills and capabilities of the NRBT staff have been enhanced and the follow up visits in March 2010 and August 2010 have helped with the progress in the implementation of the TA recommendations. The quick response time to the request for the TA within 3 months was also appreciated.

The TA has achieved the targets and objectives that were set out and the NRBT found the ADB PEM TA very practical and effective. We believe that this is highly due to the Pacific regional experience of the TA as compared to many other TAs received by the NRBT in the past. The great success of the recent economic dialogue also reflects the practical and effective assistance of the PEM TA.

We would greatly appreciate continuation of support from PEM TA in taking forward the strategies and specific actions agreed by the Economic Dialogue. We would like to thank ADB and the PEM TA for their efficient and effective assistance given to the NRBT since 2009."

— Joyce Mafi, Governor, National Reserve Bank of Tonga


"I have found the ADB PEM TA to Vanuatu useful. It is an excellent arrangement mainly because it is flexible, practical and provides topnotch advice to governments and central banks. In the case of Vanuatu, the TA worked on reviewing monetary policy formulation and also focused on other macroeconomic issues – mainly those that impact on the effectiveness of monetary policy. It highlighted several important issues, which the Bank overlooked and is now currently addressing them. I found the policy recommendations practical and relevant. I would recommend that this TA arrangement continue into the future."

— Odo Tevi,Governor, Reserve Bank of Vanuatu