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Fiji: Sustained Private Sector-Led Growth Reform Program (Subprogram 1)

Sovereign (Public) Project | 48490-002 Status: Closed

The government has requested a programmatic policy-based loan series with two subprograms to support the implementation of its medium-term reform program. The Asian Development Bank (ADB) has been a major reform partner and TA provider in fiscal policy, SOE, and private sector development reforms (footnote 1). The program will leverage complex and critical reforms (costing significant political capital), which provide a range of benefits including a reduced fiscal deficit, improved debt position, and efficiencies in public service provision. The proposed program is fully integrated with the government-led joint policy reform dialogue, and is aligned with a World Bank development policy operation also planned for Board approval in February 2018.

Project Details

Project Officer
Wyatt, Pamela Pacific Department Request for information
Country
  • Fiji
Sector
  • Public sector management
 
Project Name Sustained Private Sector-Led Growth Reform Program (Subprogram 1)
Project Number 48490-002
Country Fiji
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3667-FIJ: Sustained Private Sector-Led Growth Reform Program (Subprogram 1)
Ordinary capital resources US$ 15.00 million
Loan: Sustained Private Sector-Led Growth Reform Program (Subprogram 1)
World Bank US$ 15.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Public sector management / Law and judiciary - Public expenditure and fiscal management - Reforms of state owned enterprises

Gender Equity and Mainstreaming No gender elements
Description The government has requested a programmatic policy-based loan series with two subprograms to support the implementation of its medium-term reform program. The Asian Development Bank (ADB) has been a major reform partner and TA provider in fiscal policy, SOE, and private sector development reforms (footnote 1). The program will leverage complex and critical reforms (costing significant political capital), which provide a range of benefits including a reduced fiscal deficit, improved debt position, and efficiencies in public service provision. The proposed program is fully integrated with the government-led joint policy reform dialogue, and is aligned with a World Bank development policy operation also planned for Board approval in February 2018. The program incorporates past lessons and good practice, including the need to (i) build strong political consensus, (ii) limit reform to a few major actions, (iii) institutionalize a joint government development partner coordination mechanism, and (iv) adopt a medium-term perspective recognizing that deep institutional and structural change requires time to take root.
Project Rationale and Linkage to Country/Regional Strategy The proposed Sustained Private Sector-Led Growth Reform Program will help the Government of Fiji accelerate structural reforms in the medium term, and rebalance the economy by shifting its focus from public investment toward greater private investment and private sector participation. The program builds on ongoing technical assistance (TA) in support of the government's efforts to promote private sector-led economic growth in Fiji. The programmatic approach will allow the chronological sequencing of reforms in 2017 and 2019.
Impact The program's intended impact will be inclusive socioeconomic development, and the outcome will be sustained private sector-led economic growth.
Project Outcome
Description of Outcome Private sector-led economic growth sustained
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Fiscal management improved

Policy, legal, and institutional framework for SOEs improved

Business and investment climate improved

Status of Implementation Progress (Outputs, Activities, and Issues)

-Following approval on 5 Jun 2018, loan signing was done on 24 Jun 2018 and the loan was declared effective on 25 Jun 2018.

-Full disbursement of $15,000,000 from ADB was made on 2 Jul 2018.

Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Wyatt, Pamela
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Ministry of Economy
Level 5x Ro Lalabalavu House
370 Victoria Parade
Suva, Fiji
Timetable
Concept Clearance 14 Nov 2017
Fact Finding 20 Sep 2017 to 21 Oct 2017
MRM 29 Nov 2017
Approval 05 Jun 2018
Last Review Mission -
Last PDS Update 10 Sep 2018

Loan 3667-FIJ

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Jun 2018 24 Jun 2018 25 Jun 2018 31 Aug 2018 - 02 Jan 2019
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 30.00 Cumulative Contract Awards
ADB 15.00 05 Jun 2018 15.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 15.00 05 Jun 2018 15.00 0.00 100%

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Tenders

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