48479-001: Economic Growth and Fiscal Reform Program | Asian Development Bank

Solomon Islands: Economic Growth and Fiscal Reform Program

Sovereign (Public) Project | 48479-001 Status: Closed

The Asian Development Bank is working with the Solomon Islands to undertake sweeping transport upgrades designed to deliver safer and more climate-resilient infrastructure. The project is supporting the rehabilitation and maintenance of transport infrastructure, giving a boost to safety and allowing the climate-proofing of roads, bridges and wharves.

Project Details

Project Officer
Everett, Hayden B. Pacific Department Request for information
Country
  • Solomon Islands
Modality
  • Grant
Sector
  • Public sector management
 
Project Name Economic Growth and Fiscal Reform Program
Project Number 48479-001
Country Solomon Islands
Project Status Closed
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0478-SOL: Economic Growth and Fiscal Reform Program
concessional ordinary capital resources lending / Asian Development Fund US$ 5.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Public sector management / Economic affairs management - Public expenditure and fiscal management

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

Provide an enabling environment to stimulate economic growth, especially in rural areas.

Pursue public sector reforms and commit resources to enable private sector-led growth

Project Outcome
Description of Outcome A strengthened economic and fiscal position to deliver improved opportunities and living standards
Progress Toward Outcome

The Economic Growth and Fiscal Reform Program is a single-tranche policy-based grant of $5 million. The program continues efforts of ADB to support the Government of Solomon Islands in implementing an ongoing reform program in coordination with other development partners.

The program will support continued policy attention to reform, which has become increasingly essential following recent natural disasters, the closure of a large gold mine (an important source of government revenue), and the decline of logging output over the medium term.

The program supports implementation of policies agreed with the government. Policies are aligned with three outputs: (i) improving public service delivery and economic management, (ii) creating an enabling environment for private sector-led growth, and (iii) enabling the drivers of economic growth

All ten policy actions as set forth in the policy matrix have now been met.

Implementation Progress
Description of Project Outputs

Improving public service delivery and economic management

Creating an enabling environment for private sector-led growth

Enabling the drivers of economic growth

Status of Implementation Progress (Outputs, Activities, and Issues) The grant will be closed on 31 March 2017.
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design ADB continues to work with the core economic working group, comprising officials from the Central Bank of Solomon Islands, the Ministry of Development Planning and Aid Coordination, the Ministry of Finance and Treasury, and the Office of the Prime Minister, as well as development partner representatives from ADB, Australia, the European Union, New Zealand, and the World Bank, to discuss economic and financial reform priorities, and coordinate government and development partner activities around these priorities.
During Project Implementation
Responsible ADB Officer Everett, Hayden B.
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Ministry of Finance and Treasury
P.O. Box 26
Honiara, Solomon Islands
Timetable
Concept Clearance 18 Dec 2015
Fact Finding 16 Nov 2015 to 20 Nov 2015
MRM 04 Dec 2015
Approval 27 May 2016
Last Review Mission -
Last PDS Update 22 Mar 2017

Grant 0478-SOL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
27 May 2016 01 Jul 2016 20 Jul 2016 31 Mar 2017 - 31 Mar 2017
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.00 Cumulative Contract Awards
ADB 5.00 27 May 2016 5.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 27 May 2016 5.00 0.00 100%

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.

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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.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.