|Progress Toward Outcome
Supports consultants (including inputs from technical experts in particular fields related to economic policy) and ADB staff in providing policy analysis/advice as requested by Pacific developing member countries (DMCs) to improve economic monitoring and policymaking, public financial management (PFM), and capacity to design and implement reform. 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 (PNG), 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.
Sponsors and organizes the annual Pacific Update Conferences (with ADBI, the Australian National University (ANU), and the University of the South Pacific) and PNG Update Conferences (with ANU and the University of PNG) since 2014. These events gather key stakeholders (i.e., government officials, development partner representatives, representatives of universities and civil society organizations) to present and discuss policy and research on priority areas in the region and in PNG.
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 macroeconomic forecasting and fiscal planning models (regional), Palau economic symposia, and project economic analysis (Samoa and Timor-Leste)).
Sponsored publications by ADB staff, supported by TA consultants, on Trust Funds in the Pacific and the Fiscal Impact of Disasters in the region. These are expected for publication in 2017.
Sponsored commentary and reviews of other ADB publications, projects, and TAs, including the joint PARD/ADBI Pacific Opportunities publication (published in July 2015).
|Status of Implementation Progress (Outputs, Activities, and Issues)
Produces and disseminates twice-annual issues of the Pacific Economic Monitor, supports inputs to the Asian Development Outlook (ADO) and ADO Update, 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 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.
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) review of procurement policy in Kiribati. Preparations are ongoing to support review and improvements to the Fiji Financial Management Information System.