Regional : Pacific Private Sector Development Initiative, Phase III
The Pacific Private Sector Development Initiative (PSDI) Phase III will follow on and build on the successes, lessons learned, and strengths of PSDI Phases I and II. These technical assistance (TA) projects support the Pacific Approach 2010 -2014 and Strategy 2020 of the Asian Development Bank (ADB) and leverage ADB''s strategic focus on private sector development, with the objective of improving the business environment in Pacific developing member countries (DMCs).
The first two phases of PSDI focused on three core areas: (i) business law reform, (ii) improving access to financial services, and (iii) state-owned enterprise (SOE) and public- private partnership (PPP) reforms. The positive outcomes of the PSDI initiatives in these areas have led to growing demand for assistance and an expansion of focus into the areas of competition policy and the economic empowerment of women.
Project Details
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Project Officer
Bharat, Vimlesh Vikash
Pacific Department
Request for information -
Country/Economy
Regional -
Modality
-
Sector
- Public sector management
| Project Name | Pacific Private Sector Development Initiative, Phase III | ||||||||||||||||
| Project Number | 46510-001 | ||||||||||||||||
| Country / Economy | Regional |
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| Project Status | Closed | ||||||||||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth Regional integration |
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| Drivers of Change | Gender Equity and Mainstreaming Partnerships Private sector development |
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| Sector / Subsector |
Finance / Finance sector development - Inclusive finance Public sector management / Economic affairs management - Law and judiciary |
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| Gender | Gender equity | ||||||||||||||||
| Description | The Pacific Private Sector Development Initiative (PSDI) Phase III will follow on and build on the successes, lessons learned, and strengths of PSDI Phases I and II. These technical assistance (TA) projects support the Pacific Approach 2010 -2014 and Strategy 2020 of the Asian Development Bank (ADB) and leverage ADB''s strategic focus on private sector development, with the objective of improving the business environment in Pacific developing member countries (DMCs). The first two phases of PSDI focused on three core areas: (i) business law reform, (ii) improving access to financial services, and (iii) state-owned enterprise (SOE) and public- private partnership (PPP) reforms. The positive outcomes of the PSDI initiatives in these areas have led to growing demand for assistance and an expansion of focus into the areas of competition policy and the economic empowerment of women. |
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| Project Rationale and Linkage to Country/Regional Strategy | It is difficult and costly to do business in the Pacific. Firms have to deal with isolation and small market size. There are many reasons why it is costly to start and operate a business in the Pacific. Business laws are outdated and unsuited to the needs of modern commerce. Laws governing contracts are confusing and difficult to enforce, and complying with regulations is costly and difficult. It is also hard for successful growing businesses to obtain the financing necessary to expand. The financial sector is generally not well developed, and access to and knowledge about financial services and their use by customers is typically limited. Informal sectors are large and productivity is low. While foreign investors should be a source of capital and knowledge, many countries make it hard for them to start new businesses. Inefficient SOEs dominate infrastructure service delivery, resulting in unreliable and costly utilities and transport services, which add to the high cost of doing business. Public sector investment achieves rates of return that are either low or negative. Many Pacific DMCs have competition frameworks that are not strong enough to regulate monopolies, provide poor consumer protection. These constraints reduce private sector growth. Women''s economic empowerment and economic development are closely interrelated. Limited economic opportunities for women result in higher opportunity cost in terms of foregone growth and poverty alleviation. Many barriers to women''s economic empowerment are systemic, being contained in outdated laws or exclusionary economic and cultural practices. |
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| Impact | Sustained economic growth in Pacific DMCs that equitably increases incomes | ||||||||||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | An equitable business environment that encourages new business formation, and increased domestic and foreign investments in Pacific DMCs |
| Progress Toward Outcome | Implementation ongoing. |
| Implementation Progress | |
| Description of Project Outputs | Businesses and households in selected Pacific developing member countries have improved access to financial services. Selected business laws in Pacific developing member countries promote inclusive business formation, investment, entrepreneurship, and trade. Delivery of infrastructure services will be made more efficient and cost-effective. Selected Pacific developing member countries governments establish a framework that promotes competition. Successful pilot initiatives promoting the economic empowerment of women are implemented in selected Pacific developing member countries. Strategic and knowledge management services are provided effectively. |
| Status of Implementation Progress (Outputs, Activities, and Issues) | Phase III of PSDI was launched operationally in May 2013 and a core team of private sector development experts has been recruited. Project management structures and systems already in place under the first two phases of PSDI continued for this phase.This TA adds to the work already completed and still underway through phases I and II, and leverages the analysis of private sector development issues previously developed. Additional financing of $8.08 million from the Government of Australia was approved on 30 June 2015 to support private sector reform priorities in Papua New Guinea. The Government of New Zealand provided additional resources of $410,000 on 18 June 2018 to support the implementation of the Cook Islands Company and Personal Property Securities Registry. As of fourth quarter 2019, there are 300 total initiatives being implemented in 14 Pacific developing member countries: 183 active initiatives, 37 pipeline initiatives, 44 completed initiatives and 36 on hold initiatives. |
| Geographical Location | Regional |
| 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, including Ministry of Finance, Ministry of Public Enterprises;(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 including the IFC 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 | |
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| 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). Consultants with expertise in the following areas are being engaged: (i) economic analysis; (ii) business and market analysis; (iii) PSD strategies and policies; (iv) competition policies; (v) economic empowerment of women; (vi) institutional and organizational change; (vii) SOE reform; (viii) PPPs; (ix) business law reform; (x) regulatory reform; (xi) access to finance; (xii) branchless banking; (xiii) capacity development; (xiv) knowledge management and communication; (xv) monitoring and evaluation; and (xvi) flexible results-oriented innovative grant delivery, among others. |
| Procurement | Procurement is being undertaken in accordance with ADB's Procurement Guidelines (2013, as amended from time to time). |
| Responsible ADB Officer | Bharat, Vimlesh Vikash |
| 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 |
| Timetable | |
|---|---|
| Concept Clearance | 16 Apr 2013 |
| Fact Finding | - |
| MRM | - |
| Approval | 06 Jun 2013 |
| Last Review Mission | - |
| Last PDS Update | 07 Nov 2019 |
TA 8378-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 06 Jun 2013 | - | 06 Jun 2013 | 31 May 2019 | 31 Dec 2019 | 01 Jul 2020 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 2,000,000.00 | 36,990,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38,990,000.00 | 17 Jun 2022 | 31,151,186.41 |
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 Access to Information Policy (AIP) 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 Private Sector Development Initiative, Phase III: Technical Assistance Completion Report | TA Completion Reports | Dec 2020 |
| Pacific Private Sector Development Initiative, Phase III: Major Change in Technical Assistance | TA Change in Scope, Amount, and Implementation Arrangements | May 2015 |
| Pacific Private Sector Development Initiative, Phase III | Technical Assistance Reports | May 2013 |
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
| Title | Document Type | Document Date |
|---|---|---|
| Pacific Private Sector Development Initiative | Technical Assistance Performance Evaluation Reports | Feb 2018 |
Related Publications
The Access to Information Policy (AIP) 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.
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Tenders
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Policy and Advisory | Technical Assistance 8378 | 18 Sep 2018 | Paradigm Applications LLC (PA)(UNITED STATES) | 4214 Orange Grove Avenue Sacramento, CA ed States | Asian Development Bank | 280,289.00 | — |
| Policy and Advisory | Technical Assistance 8378 | 18 Sep 2018 | Paradigm Applications LLC (PA)(UNITED STATES) | 4214 Orange Grove Avenue Sacramento, CA ed States | Asian Development Bank | 280,289.00 | — |
| Policy and Advisory | Technical Assistance 8378 | 08 Jun 2015 | Foster Moore (New Zealand) | Level 6, Durham House, 22 Durham Street, WE D, Remuera, New Zealand 1050 | Asian Development Bank | 376,155.00 | — |
| Policy and Advisory | Technical Assistance 8378 | 02 Mar 2016 | Foster Moore (New Zealand) | LEVEL 6 DURHAM HOUSE 22 DURHAM STREET WE D, NEW ZEALAND REMUERA, NEW ZEALAND 1050 | Asian Development Bank | 195,650.00 | — |
Procurement Plan
None currently available.