Project Name
State-Owned Enterprises Reform Program, Subprogram 1
Project Number
53424-001
Country / Economy
  • Papua New Guinea
Project Status
Closed
Project Type / Modality of Assistance
  • Loan
Source of Funding / Amount
Loan 4022-PNG: State-Owned Enterprises Reform Program, Subprogram 1
Source Amount
Ordinary capital resources US$ 100.00 million
Operational Priorities
  • OP2: Accelerating progress in gender equality
  • OP6: Strengthening governance and institutional capacity
Sector / Subsector
  • Public sector management / Reforms of state owned enterprises

Gender
Some gender elements
Description

The Government of Papua New Guinea (PNG) has requested financial assistance from the Asian Development Bank (ADB) for the State-Owned Enterprises (SOE) Reform Program. A

program, comprising three subprograms, is proposed for 2020-2022. It will improve the operational performance and financial sustainability of SOEs, and help them to deliver better services.

Project Rationale and Linkage to Country/Regional Strategy

The program is consistent with the Strategy 2030 operational priority of strengthening governance and institutional capacity, under which ADB will support SOE reforms

in small island developing states to strengthen public service delivery. The program is also in line with implementation priorities of the PNG country partnership strategy, under which ADB will support SOE reform, business legal environment improvements, and greater competition. It is aligned with the International Monetary Fund's staff-monitored program, currently being finalized.

The PBL modality is suitable to support policy actions that facilitate and accelerate the government's ongoing SOE reforms. A programmatic approach will meet the need for budget

support, and allow time for sustained implementation of complex and politically-sensitive reforms. It also allows for prioritization across reform areas to account for limited implementation capacity, and provides flexibility to respond to emerging opportunities and constraints.

Impact

Delivery of services across PNG at high quality and affordable prices

Project Outcome

Description of Outcome

Operational performance of SOEs improved

Progress Toward Outcome

Implementation Progress

Description of Project Outputs

Legislative and policy framework strengthened

Governance and transparency enhanced

Financial sustainability of specific SOEs increased

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

Contact

Responsible ADB Officer
Basu, Ananya
Responsible ADB Department
Pacific Department
Responsible ADB Division
Social Sectors and Public Sector Management Division
Executing Agencies
Department of Treasury

Timetable

Concept Clearance
04 Mar 2020
Fact Finding
02 Sep 2020 to 02 Sep 2020
MRM
25 Sep 2020
Approval
02 Dec 2020
Last Review Mission
-
Last PDS Update
02 Dec 2020

Funding

Loan 4022-PNG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2020 04 Dec 2020 17 Dec 2020 31 Mar 2021 - 31 Mar 2021
Financing Plan
  Total (Amount in US$ million)
Project Cost 100.00
ADB 100.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 17 Jun 2022 100.00 0.00 100%
Cumulative Disbursements 17 Jun 2022 100.00 0.00 100%
 
This page was generated from /projects/53424-001/main on 07 July 2024

Source URL: https://www.adb.org/projects/53424-001/main