Papua New Guinea: State-Owned Enterprises Reform Program, Subprogram 1

Sovereign Project | 53424-001

The Government of Papua New Guinea (PNG) has requested financial assistance from the Asian Development Bank (ADB) for the State-Owned Enterprises (SOE) Reform Program. A

program, comprising three subprograms, is proposed for 2020-2022. It will improve the operational performance and financial sustainability of SOEs, and help them to deliver better services.

Project Details

  • Project Officer
    Basu, Ananya
    Pacific Department
    Request for information
  • Country
    Papua New Guinea
  • Sector
    • Public sector management
Project Name State-Owned Enterprises Reform Program, Subprogram 1
Project Number 53424-001
Country Papua New Guinea
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 4022-PNG: State-Owned Enterprises Reform Program, Subprogram 1
Ordinary capital resources US$ 100.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
Sector / Subsector

Public sector management / Reforms of state owned enterprises

Gender Equity and Mainstreaming Some gender elements
Description

The Government of Papua New Guinea (PNG) has requested financial assistance from the Asian Development Bank (ADB) for the State-Owned Enterprises (SOE) Reform Program. A

program, comprising three subprograms, is proposed for 2020-2022. It will improve the operational performance and financial sustainability of SOEs, and help them to deliver better services.

Project Rationale and Linkage to Country/Regional Strategy

The program is consistent with the Strategy 2030 operational priority of strengthening governance and institutional capacity, under which ADB will support SOE reforms

in small island developing states to strengthen public service delivery. The program is also in line with implementation priorities of the PNG country partnership strategy, under which ADB will support SOE reform, business legal environment improvements, and greater competition. It is aligned with the International Monetary Fund's staff-monitored program, currently being finalized.

The PBL modality is suitable to support policy actions that facilitate and accelerate the government's ongoing SOE reforms. A programmatic approach will meet the need for budget

support, and allow time for sustained implementation of complex and politically-sensitive reforms. It also allows for prioritization across reform areas to account for limited implementation capacity, and provides flexibility to respond to emerging opportunities and constraints.

Impact Delivery of services across PNG at high quality and affordable prices
Project Outcome
Description of Outcome Operational performance of SOEs improved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Legislative and policy framework strengthened

Governance and transparency enhanced

Financial sustainability of specific SOEs increased

Status of Implementation Progress (Outputs, Activities, and Issues)
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 Basu, Ananya
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Department of Treasury
6/F The Treasury Building, Lamana Road
P.O Box 542, Waigani Drive, NCD
Papua New Guinea
Timetable
Concept Clearance 04 Mar 2020
Fact Finding 02 Sep 2020 to 02 Sep 2020
MRM 25 Sep 2020
Approval 02 Dec 2020
Last Review Mission -
Last PDS Update 02 Dec 2020

Loan 4022-PNG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2020 04 Dec 2020 17 Dec 2020 31 Mar 2021 - 31 Mar 2021
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 100.00 Cumulative Contract Awards
ADB 100.00 29 Sep 2021 100.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 29 Sep 2021 100.00 0.00 100%

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.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.


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.


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.

Tenders

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Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.