Sustained Private Sector-Led Growth Reform Program (Subprogram 1) (ADB-48490-002)

Countries
  • Fiji
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 5, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Fiji
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 11, 2019

Disclosed by Bank Sep 10, 2018


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Project Description

According to the bank website, the program will leverage complex and critical reforms (costing significant political capital), which provide a range of benefits including a reduced fiscal deficit, improved debt position, and efficiencies in public service provision. The proposed program is fully integrated with the government-led joint policy reform dialogue, and is aligned with a World Bank development policy operation also planned for Board approval in February 2018. The program incorporates past lessons and good practice, including the need to (i) build strong political consensus, (ii) limit reform to a few major actions, (iii) institutionalize a joint government development partner coordination mechanism, and (iv) adopt a medium-term perspective recognizing that deep institutional and structural change requires time to take root.

Investment Description
  • Asian Development Bank (ADB)
  • World Bank (WB)

Co-financing:
World Bank US$ 15 million

Contact Information

Responsible ADB Officer Wyatt, Pamela
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Ministry of Economy
Level 5x Ro Lalabalavu House, 370 Victoria Parade, Suva, Fiji

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main