42142-012: Pacific Financial Technical Assistance Centre 2008-2011 | Asian Development Bank

Regional: Pacific Financial Technical Assistance Centre 2008-2011

Sovereign (Public) Project | 42142-012 Status: Closed

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 Details

Project Officer
Everett, Hayden B. Pacific Department Request for information
  • Regional
  • Public sector management
Project Name Pacific Financial Technical Assistance Centre 2008-2011
Project Number 42142-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 6466-REG: Pacific Financial Technical Assistance Centre 2008-2011
Technical Assistance Special Fund US$ 1.00 million
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).
Project Outcome
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
Implementation Progress
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)
Geographical Location


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
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
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
Executing Agencies
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

TA 6466-REG

Approval Signing Date Effectivity Date Closing
Original Revised Actual
24 Jun 2008 26 Aug 2008 26 Aug 2008 30 Apr 2011 30 Jun 2011 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,000,000.00 0.00 0.00 0.00 0.00 0.00 1,000,000.00 24 Jun 2008 898,050.00

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