The Program will provide an umbrella facility to provide financing support including loans, guarantees and letters of credit, to overcome the constraints to private sector investment in renewable power projects in Pacific island countries.
The technical assistance (TA) is designed to complement the approved loan of up to $100,000,000 to Olam International Limited (Olam), a global agribusiness company that provides an end-to-end supply chain solution for a variety of agricultural raw materials and food ingredients. The loan will support Olam' $223 million capex and expansion plan over the 2017-2019 period invest in Olam' midstream processing assets and permanent working capital for smallholder farmer supply in Timor-Leste, Papua New Guinea (PNG), Viet Nam, and Indonesia.
The proposed Small Scale Technical Assistance supports ADB's efforts to more effectively engage marginalized developing member countries with the international trading system. It will contribute to this goal by producing a multi-country study clarifying how countries can take advantage of the opportunities they will face over the next five years as a result of changes in the institutional structure of trade such as the upcoming Free Trade Agreements (FTAs), and the implementation of the agreements reached during the World Trade Organization's (WTO's) Bali Ministerial.
The project entails the construction, launch, and operation of a shared, geostationary earth orbit, high-throughput satellite (Kacific-1), featuring Ka-band technology, which will be dedicated to low cost, high-speed, easily accessible broadband internet in Asia and the Pacific.
This technical assistance program will finance an experienced gender specialist to work closely with borrower and PSOD staff to identify, develop and promote opportunities supporting gender equality in PSOD blended finance projects. It will include two workstreams: