The proposed technical assistance will support PFTAC deepen its efforts to provide advisory services and build capacity in economic and financial management, in close collaboration with other TA providers.
|Project Name||Pacific Financial Technical Assistance Centre 2008-2011|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Regional integration
|Drivers of Change||Governance and capacity development
|Sector / Subsector||
Public sector management - Public expenditure and fiscal management
|Gender Equity and Mainstreaming||No gender elements|
|Description||The proposed technical assistance will support PFTAC deepen its efforts to provide advisory services and build capacity in economic and financial management, in close collaboration with other TA providers.|
|Project Rationale and Linkage to Country/Regional Strategy||Since 1994, the Asian Development Bank (ADB) has provided a total of approximately $4.4 million under eight regional technical assistance to support the operations of the Pacific Financial Technical Assistance Centre (PFTAC). In recognition of the cost advantages of PFTAC and its track-record of success, ADB_s Pacific Regional Operations Business Plan 2007_2010 proposed ongoing funding of PFTAC for a further 3-year cycle in support of its four key areas of improved public financial management, tax administration and policy, banking regulation and supervision, and macroeconomic and financial statistics. Agreement was reached between the ADB, International Monetary Fund (IMF) and World Bank in late 2007 to an expansion of PFTAC through the incorporation of two World Bank experts (to add to a coordinator and four experts engaged by the IMF).|
|Impact||Improved public sector economic and fiscal management and regulation, targeting the achievement of macroeconomic stability and the sustainability of economic growth, through the development of skills and institutional capacity in the Pacific developing member countries (PDMCs).|
|Description of Outcome||
Strengthened institutional capacity of PDMC authorities to diagnose, prioritize and implement improved policies, systems and practices.
These outcomes are expected within Pacific Financial Technical Assistance Centre's (PFTAC) enhanced program areas, and are to be achieved in cooperation with development partners and through cooperation at a regional level.
|Progress Toward Outcome|
|Description of Project Outputs||
PFTAC provides assistance in institutional strengthening for financial and administrative reforms through capacity building policy advice, and workshops. The approaching FY2008-2011 project cycle, which is to be supported by this TA, represents a further step in a long-term program of capacity building in the PDMCs.
Following from established practice, key training outputs are to be:
(i) the conduct of training courses in the context of periodic workshops and thematic seminars in connection with meetings of three regional organizations supported by PFTAC (Pacific Islands Financial Managers Association, Pacific Islands Tax Administrators Association, and Association of Financial Supervisors of Pacific Countries);
(ii) the attendance by PDMC officials in regional and global training events;
(iii) short-term attachments by PDMC officials to major institutions in Australia, the Fiji Islands, and New Zealand.
(iv) attachments of PDMC officials from one Pacific Island to another, as well as attachments at the PFTAC offices, where attachees are given the opportunity to "job shadow" PFTAC advisors and accompany them on missions; and
(v) the integration of at least one training/capacity building activity into every mission by PFTAC experts.
|Status of Implementation Progress (Outputs, Activities, and Issues)|
Cook Islands, the Fiji Islands, Kiribati, the Marshall Islands, the Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||No Consulting Services are required.|
|Responsible ADB Officer||Everett, Hayden B.|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||Urban, Social Development & Public Management Division, PARD|
International Monetary Fund
|Concept Clearance||23 Apr 2008|
|Fact Finding||10 Mar 2008 to 24 Mar 2008|
|Approval||24 Jun 2008|
|Last Review Mission||-|
|PDS Creation Date||23 May 2008|
|Last PDS Update||04 Mar 2011|
|Approval||Signing Date||Effectivity Date||Closing|
|24 Jun 2008||26 Aug 2008||26 Aug 2008||30 Apr 2011||30 Jun 2011||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|1,000,000.00||0.00||0.00||0.00||0.00||0.00||1,000,000.00||24 Jun 2008||898,050.00|
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.
|Title||Document Type||Document Date|
|Pacific Financial Technical Assistance Centre 2008-2011||TA Completion Reports||Aug 2011|
|Pacific Financial Technical Assistance Centre 2008-2011: Final Report||Consultants' Reports||Jun 2009|
|Pacific Financial Technical Assistance Centre 2008--2011||Technical Assistance Reports||Jun 2008|
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
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None currently available.
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