Regional: Pacific Economic Management (Phase 2)
|Project Name||Pacific Economic Management (Phase 2)|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
|Sector / Subsector||
Finance / Finance sector development - Infrastructure finance and investment funds - Money and capital markets - Trade finance
Industry and trade / Industry and trade sector development - Trade and services
Public sector management / Economic affairs management - Public administration
|Gender Equity and Mainstreaming||No gender elements|
|Project Rationale and Linkage to Country/Regional Strategy|
|Impact||Improved economic performance and public financial management in participating Pacific develooping member countries (DMCs)|
|Description of Outcome||Improved economic policies and public financial management implemented in participating Pacific DMCs|
|Progress Toward Outcome||
Supported consultants 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 14 of the 15 Pacific DMCs (except for Niue). Consultant assignments have included short-term assignments to address specific policy concerns, as well as longer placements in individual DMCs lasting several months.
Sponsored and organized 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) from 2014 2017. These events gathered key stakeholders (i.e., government officials, development partner representatives, members of the academe, and civil society organizations) to present and discuss policy and research on priority areas in the region and in PNG.
Sponsored the Pacific Islands Workshop and High-Level Dialogue on Economic Resilience to Climate Change (April 2017) with the International Monetary Fund and Japan International Cooperation Agency; and the Regional Workshop on Fishing Revenues (February 2018) with the International Monetary Fund Pacific Financial Technical Assistance Centre (IMF-PFTAC).
Supported regional- and national-level capacity building workshops, symposia, and other meetings on economic analysis and policy, modeling, 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 publication by ADB staff, supported by TA consultants, on the Fiscal Impact of Disasters in the region (launched April 2018).
Sponsored commentary and reviews of other ADB publications, projects, and TAs, including the joint PARD/ADBI Pacific Opportunities publication (published in July 2015).
|Description of Project Outputs||
Improved set of economic indicators produced and shared on a timely basis
Economic and public financial management policy advice provided
New or enhanced economic or financial models for Pacific DMCs
|Status of Implementation Progress (Outputs, Activities, and Issues)||
Produced and disseminated twice-annual issues of the Pacific Economic Monitor, and supported 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 Nukualofa, 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 RMI and the FSM (January 2015); (iii) macroeconomic assessments of the Cook Islands (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 (September-November 2016), (vii) review of procurement policy in Kiribati (September-October 2016, and February and July 2017), (viii) preparation of briefs on financial sectors in Pacific economies (April-July 2017), (ix) review and recommendation of improvements to the water tariff structures in Chuuk and Pohnpei, FSM, and in Palau (July 2017-September 2018), (x) formulation of a state-owned enterprise ownership, reform, and divestment policy for Nauru, (xi) support to the Solomon Islands government in reviewing and implementing selected PFM policies, (xii) review and identify options to improve public procurement in Nauru, and (xiii) conduct pre-feasibility assessments of potential sustainable financing mechanisms for marine protected areas in Kiribati and Tuvalu. They have also supported work to analyze Pacific DMCs capacity to absorb and effectively utilize development assistance.
An upgrade to the Tonga Integrated Financial Management Information System was acquired with funding from Australia.
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design||The design of the proposed TA developed over the course of implementation of Phase I (subprojects 1 and 2) of the Pacific Economic Management. Consultations with economic policymakers and technical staff from Ministries of Finance and Central Banks of several Pacific DMCs (i.e., Cook Islands, Fiji, Republic of the Marshall Islands, Federated States of Micronesia, Nauru, Solomon Islands, Tonga, and Tuvalu) guided refinements to the TA from Phase I of the TA.|
|During Project Implementation||Provision of TA-funded policy advisory services is upon demand for same from Pacific DMC stakeholders. Similarly, support of conferences and workshops is carried out with TA support are based on expressed demand from Pacific DMC policymakers and are planned and conducted in close coordination with concerned development partners. Key organizations with which the TA has worked on these activities include the Development Policy Centre of the Crawford School of Public Policy, Australian National University; the Pacific Financial Technical Assistance Centre of the International Monetary Fund; the Pacific Islands Forum Secretariat; the University of the South Pacific (including USP's Pacific Islands Center for Public Administration); the ADB Institute. Annual events like the Pacific and PNG Update Conferences provide direct engagement with a wide range of stakeholders. In addition, regular meetings with PARD Country economists provide the conduit for regular albeit mediated communication with stakeholders throughout the region. Missions by staff overseeing and supporting TA implementation also provide multiple opportunities for meetings with stakeholders throughout the Pacific.|
|Consulting Services||The TA will require consulting services for the following positions: Project Manager (11 PM), Lead Advisors (12 PM), Public Financial Management Specialists (11 PM), Advisor (11 PM), and Economic Analysts (12 PM) with areas of expertise needed to conduct economic monitoring, generate new high frequency economic indicators from existing data, develop economic policy analysis tools, and measures to link improved monitoring and analysis to public financial management to be developed and implemented by staff in Ministries of Finance and Central Banks of Pacific DMCs with the assistance of the TA. Consultants will be recruited in accordance with Guidelines on Use of Consultants by ADB and Its Borrowers. To allow speedy mobilization of consultants in response to specific policy advice, the consultants will be prequalified in accordance with Indefinite Delivery Contract modality. Disbursement of TA proceeds will conform to ADB's Technical Assistance Disbursement Handbook (2010, amended from time to time).|
|Responsible ADB Officer||Basu, Ananya|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||PASP|
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
|Concept Clearance||02 Dec 2013|
|Approval||13 Dec 2013|
|Last Review Mission||-|
|Last PDS Update||13 Mar 2019|
|Approval||Signing Date||Effectivity Date||Closing|
|13 Dec 2013||-||13 Dec 2013||31 Dec 2016||31 Mar 2019||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|2,725,000.00||260,000.00||0.00||0.00||0.00||0.00||2,985,000.00||07 Sep 2021||2,192,625.24|
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.
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|Title||Document Type||Document Date|
|Pacific Economic Management (Phase 2): Technical Assistance Completion Report||TA Completion Reports||Oct 2019|
|Pacific Economic Management (Phase 2): Cook Islands Macroeconomic Assessment||Consultants' Reports||Jun 2016|
|Pacific Economic Management (Phase 2)||Technical Assistance Reports||Dec 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
None currently available.
|Title||Document Type||Document Date|
|Pacific Economic Monitor – December 2018||Serials||Dec 2018|
|Pacific Economic Monitor - July 2018||Serials||Jul 2018|
|Economic and Fiscal Impacts of Disasters in the Pacific||Reports||Apr 2018|
|Trust Funds and Fiscal Risks in the North Pacific: Analysis of Trust Fund Rules and Sustainability in the Marshall Islands and the Federated States of Micronesia||Reports||Oct 2015|
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.
|Tender Title||Type||Status||Posting Date||Deadline|
|Pacific Economic Management (Phase 2) - Public Financial Management (Procurement) Specialist||Individual - Consulting||Closed||11 Oct 2018||17 Oct 2018|
|Public Financial Management Specialist – Sustainable Financing of Marine Protected Areas in Kiribati and Tuvalu||Individual - Consulting||Closed||09 Oct 2018||22 Oct 2018|
|Public Finance Specialist||Individual - Consulting||Closed||16 May 2018||22 May 2018|
|Procurement Specialist||Individual - Consulting||Closed||16 May 2018||22 May 2018|
|Project Manager||Individual - Consulting||Closed||05 Dec 2017||11 Dec 2017|
|Technical Expert - Public Utilities Financial Assessment and Strategy (Palau)||Individual - Consulting||Closed||04 Oct 2017||10 Oct 2017|
No contracts awarded for this project were found
None currently available.