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: Proposed

The Pacific Private Sector Development Initiative (PSDI) IV will deepen reforms and initiatives aimed at creating a modern functioning private sector in the region. Building on the successes, strengths and lessons learned from phases I, II and III, this regional knowledge and support technical assistance (TA) will continue to support Pacific developing member countries (DMC)s with substantive reform agendas in the key thematic areas of financing growth; business law reform; state-owned enterprises (SOE)s reforms and public-private partnerships (PPP)s; and competition policy and consumer protection frameworks. Economic empowerment of women is proposed to be revitalized as a cross-cutting priority in PSDI IV rather than a stand-alone thematic area.

Project Details

Project Officer
Vimlesh Vikash Bharat Pacific Department Request for information
Country
  • Regional
Sector
  • Public sector management
 
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
Timor-Leste
Tonga
Tuvalu
Vanuatu
Project Status Proposed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA: Pacific Private Sector Development Initiative, Phase IV
Technical Assistance Special Fund US$ 2.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Partnerships
Private sector development
Sector / Subsector

Finance / Finance sector development - Inclusive finance

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

Gender Equity and Mainstreaming Gender equity
Description The Pacific Private Sector Development Initiative (PSDI) IV will deepen reforms and initiatives aimed at creating a modern functioning private sector in the region. Building on the successes, strengths and lessons learned from phases I, II and III, this regional knowledge and support technical assistance (TA) will continue to support Pacific developing member countries (DMC)s with substantive reform agendas in the key thematic areas of financing growth; business law reform; state-owned enterprises (SOE)s reforms and public-private partnerships (PPP)s; and competition policy and consumer protection frameworks. Economic empowerment of women is proposed to be revitalized as a cross-cutting priority in PSDI IV rather than a stand-alone thematic area. The proposed new phase of PSDI is consistent with ADB's Strategy 2030, which recognizes the development challenges facing the DMCs including small island developing states, and outlines ADB's approach towards improving the business environment in these countries to help attract private sector investment and generate growth. The TA is in line with the priorities of ADB's Pacific Approach 2016-2020 and is included in the Pacific Regional Operations Business Plan, 2019-2021. PSDI has been operating successfully for past 12 years. This long-term arrangement has helped deliver positive outcomes, resulting in demands for further assistance with an expanded focus. Proposed PSDI IV will deliver on these demands and a new thematic area, aimed at supporting advocacy and reforms efforts by the Pacific regional organizations will be introduced together with labour mobility, as an additional cross-cutting priority.
Project Rationale and Linkage to Country/Regional Strategy Development challenges continue to prevent the private sector from harnessing economic integration opportunities, resulting in _speed-limits_ to growth in the Pacific. Financial markets are underdeveloped, constraining finance opportunities to potential investors, entrepreneurs and viable businesses. In Pacific, foreign investment promises to be an imperative source of capital that stimulates economic development, creates employment opportunities and develops human capital resources however, rigid and slowly evolving business laws and regulations makes modern commerce difficult barriers to entry, anti-competitive behavior, regulatory capture and poor decision making are common challenges. SOEs, which are amongst the largest commercial entities in most Pacific DMCs providing essential services are inefficient resulting in high cost of doing business, low or negative rate of return on public investments and comparatively low contribution to economic growth. Many Pacific DMCs are small island developing states and dispersion and distance to markets limits economies of scope and scale. These countries are challenged with promoting competition and obtaining efficiency gains through economies of scale, leading to weak competition and consumer protection frameworks. Tourism, a key economic sector for many Pacific DMCs is continuously challenged with competition from other markets, low visitor arrivals, lack of effective marketing platforms and low rate of local participation in the supply chains. Women in the Pacific are vulnerable to wide range of gender related issues including inequality in accessing employment, wages and ownership of assets. Many barriers to women's empowerment are systemic, rooted to the discriminatory laws, social norms, and customary practices alongside low levels of support, and a lack of awareness on business start-up procedures, limiting their ability to engage in business and economic activities to the same extent as men.
Impact Stronger, sustainable, and inclusive private sector-led growth and employment in Pacific DMCs.
Outcome Policy and legislative reforms in Pacific DMCs to encourage stronger gender inclusive private sector-led growth.
Outputs Access to inclusive business finance improved in participating Pacific DMCs
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; Timor-Leste - 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 Vimlesh Vikash Bharat
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 -
MRM -
Approval -
Last Review Mission -
Last PDS Update 24 Jul 2019

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Tenders

Tender Title Type Status Posting Date Deadline
Financial Analyst Individual - Consulting Closed 06 Aug 2019 12 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
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

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.