fbpx 53072-001: Pacific Private Sector Development Initiative, Phase IV | Asian Development Bank

Regional: Pacific Private Sector Development Initiative, Phase IV

Sovereign (Public) Project | 53072-001 Status: Active

The Pacific Private Sector Development Initiative (PSDI) provides advisory and capacity-building assistance to help Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) improve their business enabling environments. This in turn supports inclusive, private sector-led economic growth. The three consecutive phases of PSDI implemented since 2007 have helped Pacific DMCs carry out reforms and introduce new policies to improve conditions for private sector development and investment, responding to related needs and opportunities as they evolved. PSDI has expended $60.83 million during the first three phases which funded more than 600 subprojects. This included grant cofinancing of $54.73 million from Australia and New Zealand which reflects the importance and value their governments place on introducing reforms and building capacity for private sector development in the Pacific.

Project Details

Project Officer
Kim, Mary J. Pacific Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Pacific Private Sector Development Initiative, Phase IV
Project Number 53072-001
Country Regional
Cook Islands
Fiji
Micronesia, Federated States of
Kiribati
Nauru
Niue
Palau
Papua New Guinea
Marshall Islands
Samoa
Solomon Islands
Tonga
Tuvalu
Vanuatu
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9848-REG: Pacific Private Sector Development Initiative, Phase IV
Technical Assistance Special Fund US$ 2.00 million
Government of Australia US$ 14.03 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Banking systems and nonbank financial institutions - Finance sector development - Inclusive finance - Small and medium enterprise finance and leasing

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

Gender Equity and Mainstreaming Gender equity
Description

The Pacific Private Sector Development Initiative (PSDI) provides advisory and capacity-building assistance to help Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) improve their business enabling environments. This in turn supports inclusive, private sector-led economic growth. The three consecutive phases of PSDI implemented since 2007 have helped Pacific DMCs carry out reforms and introduce new policies to improve conditions for private sector development and investment, responding to related needs and opportunities as they evolved. PSDI has expended $60.83 million during the first three phases which funded more than 600 subprojects. This included grant cofinancing of $54.73 million from Australia and New Zealand which reflects the importance and value their governments place on introducing reforms and building capacity for private sector development in the Pacific.

The technical assistance (TA) for Phase IV (PSDI IV) will build on Phase III achievements across six core areas of focus: access to finance, business law reform, state-owned enterprise reform, public- private partnerships, competition and consumer protection, and the economic empowerment of women. PSDI IV will retain these areas of focus and also respond to climate change and labor mobility by incorporating these issues into relevant subprojects.

A 2018 review of PSDI by ADB's Independent Evaluation Department (IED) found that the first three phases helped provide several important inputs necessary for establishing modern, functioning private sectors in Pacific DMCs. While concluding that PSDI remained relevant and well-aligned with these DMCs' needs, IED made recommendations aimed at improving outcomes. These recommendations have been incorporated into PSDI IV. PSDI IV is consistent with ADB's Strategy 2030 and aligned with the strategic priorities of ADB's Pacific Approach, 2016 -2020. The TA is included in the Pacific Regional Operations Business Plan, 2019- 2021.

Project Rationale and Linkage to Country/Regional Strategy Despite progress, sustained engagement is needed to shift and remove the many barriers to healthier private sectors in Pacific DMCs. Most Pacific DMCs are remote, small in size and population, and vulnerable to shocks. Geographical dispersion and distance from major markets limit competition and increase costs. Economies are narrow and rely heavily on the public sector and large, often struggling SOEs. Complex legislation and weak policies, along with human and institutional capacity constraints, raise the cost of doing business, make it hard for financiers and investors to assess risks, suppress business access to finance, and slow economic growth. Policy reforms have proven critical to improving these business environments so far. Private investment and growth trajectories have been lifted through PSDI I-III, and trade and connectivity within the Pacific and other markets has increased. Pacific DMCs are seeking further assistance under PSDI IV to accelerate and expand these reforms and address the numerous challenges that remain.
Impact Inclusive, private sector-led economic growth achieved in Pacific DMCs
Project Outcome
Description of Outcome Gender-inclusive enabling environment for private sector development improved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Access to inclusive business finance improved

Business and regulatory environment improved, and technology platforms introduced

State-owned enterprise performance improved through reforms, including privatization and public-private partnerships

Effective competition and consumer protection policies developed and implemented

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Cook Islands - Nation-wide; Fiji - Nation-wide; Kiribati - Nation-wide; Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide; Nauru - Nation-wide; Niue - Nation-wide; Palau - Nation-wide; Papua New Guinea - Nation-wide; Samoa - Nation-wide; Solomon Islands - Nation-wide; Tonga - Nation-wide; Tuvalu - Nation-wide; Vanuatu - Nation-wide
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 Kim, Mary J.
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 22 Jul 2019
Fact Finding 23 Jan 2019 to 23 Jan 2019
MRM -
Approval 06 Nov 2019
Last Review Mission -
Last PDS Update 08 Nov 2019

TA 9848-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Nov 2019 - 06 Nov 2019 31 Oct 2024 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
2,000,000.00 14,026,000.00 0.00 0.00 0.00 0.00 16,026,000.00 06 Nov 2019 1,040,982.38

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.

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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.

Related Publications

None currently available.


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Tenders

Tender Title Type Status Posting Date Deadline
Agency Performance Expert Individual - Consulting Closed 31 Jul 2020 02 Aug 2020
PSDI Coordinator Individual - Consulting Closed 21 Jul 2020 27 Jul 2020
Monitoring and Evaluation Expert Individual - Consulting Closed 16 Jul 2020 22 Jul 2020
Power Purchase Agreement Expert Individual - Consulting Closed 30 Jun 2020 06 Jul 2020
Financial Modelling Expert Individual - Consulting Closed 10 Jun 2020 16 Jun 2020
Shipping Expert Individual - Consulting Closed 10 Jun 2020 16 Jun 2020
Competition and Economics Individual - Consulting Closed 22 May 2020 28 May 2020
Impact Evaluation Research Associate Individual - Consulting Closed 12 May 2020 18 May 2020
Monitoring and Evaluation Expert Individual - Consulting Closed 03 Apr 2020 09 Apr 2020
Competition Research Officer Individual - Consulting Closed 03 Apr 2020 09 Apr 2020
Capital Markets Legal Expert Individual - Consulting Closed 01 Apr 2020 07 Apr 2020
Research Analyst (Finance) Individual - Consulting Closed 25 Mar 2020 07 Apr 2020
Economic Empowerment of Women (EEOW) Expert Individual - Consulting Closed 13 Mar 2020 26 Mar 2020
Foreign Investment Expert Individual - Consulting Closed 13 Feb 2020 19 Feb 2020
Legal Drafting Expert Individual - Consulting Closed 13 Feb 2020 19 Feb 2020
Impact Evaluation Research Associate Individual - Consulting Closed 04 Feb 2020 10 Feb 2020
Shipping Expert Individual - Consulting Closed 30 Jan 2020 05 Feb 2020
Pacific Private Sector Development Initiative, Phase IV - Private Sector Development Analyst Individual - Consulting Closed 25 Jan 2020 07 Feb 2020
Insurance Industry Expert-PNG Individual - Consulting Closed 25 Jan 2020 27 Jan 2020
Retirement Fund Expert Individual - Consulting Closed 23 Jan 2020 29 Jan 2020
Senior Impact Evaluation Specialist Individual - Consulting Closed 21 Jan 2020 27 Jan 2020
Impact Evaluation Specialist Individual - Consulting Closed 21 Jan 2020 27 Jan 2020
Pacific Private Sector Development Initiative, Phase IV - Telecommunications Regulatory Expert Individual - Consulting Closed 07 Jan 2020 13 Jan 2020
Pacific Private Sector Development Initiative, Phase IV - Financial Modelling Expert Individual - Consulting Closed 07 Jan 2020 13 Jan 2020
Pacific Private Sector Development Initiative, Phase IV - State Owned Enterprise Expert Individual - Consulting Closed 07 Jan 2020 13 Jan 2020
Business Entities and Personal Property Securities Electronic Online Registries-PNG Firm - Consulting Closed 21 Dec 2019 06 Jan 2020
Tourism Expert Individual - Consulting Closed 14 Dec 2019 20 Dec 2019
SME and Agri Finance Specialist Individual - Consulting Closed 23 Nov 2019 29 Nov 2019
Business Law and Registry Expert Individual - Consulting Closed 21 Nov 2019 27 Nov 2019
Competition Policy and Law Expert Individual - Consulting Closed 21 Nov 2019 27 Nov 2019
Legal Expert-Implementation of PNG PPP Act Individual - Consulting Closed 20 Nov 2019 26 Nov 2019
Public-Private Partnerships Expert Individual - Consulting Closed 20 Nov 2019 26 Nov 2019
Port Sector Economist Individual - Consulting Closed 19 Nov 2019 25 Nov 2019
Pacific Private Sector Development Initiative, Phase IV - Communications Specialist Individual - Consulting Closed 12 Nov 2019 19 Nov 2019
Pacific Private Sector Development Initiative, Phase IV - Communications and External Affairs Coordinator Individual - Consulting Closed 07 Nov 2019 17 Nov 2019
Financial Analyst Individual - Consulting Closed 06 Aug 2019 12 Aug 2019
Gender Specialist Individual - Consulting Closed 03 Aug 2019 09 Aug 2019
Private Sector Development Coordinator PNG Individual - Consulting Closed 03 Aug 2019 14 Aug 2019
Business Environment Team Leader PNG Individual - Consulting Closed 03 Aug 2019 09 Aug 2019
International Business Law and Business Registry Expert Individual - Consulting Closed 03 Aug 2019 09 Aug 2019
Privatization and Public-Private Partnership Expert Individual - Consulting Closed 03 Aug 2019 09 Aug 2019
Senior Financial Sector Expert Individual - Consulting Closed 03 Aug 2019 09 Aug 2019

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.