|Progress Toward Outcome
ADB staff, with the support of consultant inputs (including inputs from technical experts in particular fields related to economic policy) are providing economic monitoring and policy analysis/advice based on expressed demands from Pacific developing member countries. The TA also supports activities to prompt improved public financial management (PFM) and PFM reform, and capacity building to policymakers in Pacific DMCs. Multiple missions in these areas have been fielded to the Cook Islands, Fiji, the Republic of the Marshall Islands, the Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, and Vanuatu. Consultant assignments have included short-term assignments to address specific policy concerns, as well as longer placements in individual DMCs that last several months.
The TA helped fund and organize the annual Pacific Update Conferences since 2014 (co-sponsored with ADBI, the Australian National University, and the University of the South Pacific) which gathers hundreds of Pacific economic policy stakeholders (i.e., government officials, development partner representatives, representatives of universities and civil society organizations) to present and discuss policy and policy research on priority areas to Pacific countries. The TA has also supported the annual Papua New Guinea (PNG) Update Conferences since 2014 (also co-sponsored by the Australian National University and the University of PNG) that gathers similar institutions and stakeholders interested in policy in PNG. The TA has also supported regional and national-level capacity building workshops, symposia, and other meetings on economic analysis and policy, modelling, and PFM in selected Pacific DMCs (e.g., long-run fiscal planning models in Dec. 2014 for delegations from multiple Pacific countries, Palau economic symposia, forecasting (regional), and project economic analysis (Samoa and Timor-Leste)).
Publications by ADB staff supported by consultants on Trust Funds in the Pacific and the Fiscal Impact of Disasters in the region are complete and expected for publication in 2016.
The TA also sponsors staff and consultant research and writing for the flagship ADB publications the Asian Development Outlook and the Pacific Economic Monitor, and other Pacific Department publications.
The TA has also sponsored inputs related to commentary and reviews in support for other ADB publications, projects, and TAs, including the joint PARD/ADBI Pacific Opportunities publication (launched in July 2015).
|Status of Implementation Progress (Outputs, Activities, and Issues)
TA inputs have aided the production and dissemination of twice annual issues of the Pacific Economic Monitor and the Asian Development Outlook serial publications since 2014
Supported the formulation of the Tonga Strategic Development Framework II (September-October 2014) and Fiji National Development Plan (November-December 2015).
Conducted missions/workshops to update/roll out models for long term fiscal forecasting and planning to Ministries of Finance and Central Banks in Pacific DMCs in cooperation with development partners (PIFS, IMF-PFTAC, and PICPA). Convened back-to-back workshops on macroeconomic forecasting and long-term fiscal planning in Suva, Fiji in December 2014, gathering more than thirty participants from 10 Pacific DMCs. Conducted a workshop on Financial Programming Frameworks in Nuku alofa, Tonga, in October 2015 (co-sponsored with IMF-PFTAC). Conducted workshops on economic analysis of investment projects in Dili, Timor-Leste and Apia, Samoa, in September 2016 at the requests of the respective Ministries of Finance in these two contries.
Consultants (supported by staff oversight and inputs) under the TA have taken part in the following activities: (i) review and enhancement of the Debt Sustainability Analysis (DSA) for Vanuatu (January 2015); (ii) meetings of the Joint Economic Management Committee and the Trust Fund Committees of the Republic of the Marshall Islands and the Federated States of Micronesia in January 2015; (iii) macroeconomic assessments of the Cook Islands (in October 2015 and February-March 2016), (iv) design and implementation of a value-added tax policy in Timor-Leste (June 2015-February 2016),(v) establishment of a new Nauru Trust Fund (June 2015-June 2016), (vi) Public Finance Advisory Services to the Government of Papua New Guinea, and (vii) Preparations are ongoing to support review of procurement policy in Kiribati.