Regional: Pacific Business Investment Facility

Sovereign Project | 47373-001 Status: Active


Latest Project Documents

Consulting Notices See also: CMS

Procurement Notices See also: Operational Procurement

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Procurement Documents

None currently available.

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Project Name Pacific Business Investment Facility
Project Number 47373-001
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8729-REG: Pacific Business Investment Facility
Technical Assistance Special Fund US$ 1.50 million
Pacific Business Investment Trust Fund US$ 11.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Small and medium enterprise finance and leasing

Industry and trade - Small and medium enterprise development

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome Implementation ongoing.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Formal establishment activities for the facility have been completed. Contact programs with businesses in selected countries have begun. Five core team consultants (Facility strategic advisor, 3 business advisors and senior administrator) are currently engaged with 4 based full time in PLCO and one advisor based in PNG. The M&E consultant is engaged on intermittent inputs. The recruitment of the individual technical experts as panel members and short-term resource persons are ongoing.

As of 30 March 2016, there are 60 individual on-going business engagements being implemented for 6 Pacific developing member countries under the TA and 14 active consultant contracts. Approximately $3.4m million has been committed, with approximately $1.4m disbursement to date.

Geographical Location Kiribati,Tonga,Federated States of Micronesia,Nauru,Palau,Tuvalu,Republic of Fiji,Republic of the Marshall Islands,Papua New Guinea,Cook Islands,Samoa,Solomon Islands,Vanuatu

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;

(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 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).
Procurement Procurement will be undertaken in accordance with ADB's Procurement Guidelines (2013, as amended from time to time).

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
6 ADB Avenue,
Mandaluyong City 1550, Philippines


Concept Clearance 03 Jun 2014
Fact Finding -
Approval -
Last Review Mission -
Last PDS Update 30 Mar 2016

TA 8729-REG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Sep 2014 - 26 Sep 2014 31 Aug 2019 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,500,000.00 11,000,000.00 0.00 0.00 0.00 0.00 12,500,000.00 26 Sep 2014 1,882,871.29

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

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.

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