Sustained Private Sector-Led Growth Reform Program (Subprogram 2) (ADB-48490-003)

Countries
  • Fiji
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Sep 11, 2019
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 Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 65.00 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)
$ 130.70 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 Sep 17, 2019

Disclosed by Bank Sep 11, 2019


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Project Description

According to the bank website, "the proposed subprogram 2 will support the government in creating an environment in which the private sector is able to develop and better drive national economic growth through investment, by improving management of public finances; strengthening the performance of state-owned enterprises (SOEs) and opening opportunities for private investment; and enhancing the policy, legislative, and regulatory environment in which businesses operate. The program supports the Asian Development Bank (ADB) Strategy 2030 operational priority on strengthening governance and institutional capacity, particularly in small island developing states."

Investment Description
  • Asian Development Bank (ADB)

Co-financing:

World Bank (loan) US$ 64 million
New Zealand Grant US$ 1.7 million

Contact Information

Responsible ADB Officer Pamela Wyatt
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
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