Papua New Guinea : State-Owned Enterprises Reform Program, Subprogram 1
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/Economy
Papua New Guinea -
Sector
- Public sector management
| Project Name | State-Owned Enterprises Reform Program, Subprogram 1 | ||||
| Project Number | 53424-001 | ||||
| Country / Economy | Papua New Guinea |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Operational Priorities | OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Private sector development |
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| Sector / Subsector | Public sector management / Reforms of state owned enterprises |
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| 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. |
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| 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. |
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| Impact | Delivery of services across PNG at high quality and affordable prices |
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| 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 |
| 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 | 17 Jun 2022 | 100.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 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.
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| Title | Document Type | Document Date |
|---|---|---|
| Loan Agreement (Ordinary Operations) for 4022-PNG: State-Owned Enterprises Reform Program, Subprogram 1 | Loan Agreement (Ordinary Resources) | Dec 2020 |
| State-Owned Enterprises Reform Program, Subprogram 1: Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2020 |
| State-Owned Enterprises Reform Program, Subprogram 1: Concept Paper | Concept Papers | Mar 2020 |
| State-Owned Enterprises Reform Program: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Mar 2020 |
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.
$100 Million ADB Loan to Support Improved SOE Performance in PNG
ADB has approved a $100 million policy-based loan to improve the operational performance and financial sustainability of state-owned enterprises in Papua New Guinea.
Tenders
Contracts Awarded
Procurement Plan
None currently available.