Supporting Public Financial Management Reform (ADB-50378-001)

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
U
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
Nov 27, 2017
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
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Dec 15, 2017

Disclosed by Bank Nov 27, 2017


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Project Description
The Government of Fiji recognizes that strong public financial management (PFM) is key to macroeconomic stability and poverty reduction. The proposed knowledge and support technical assistance (TA) will support the implementation of Fiji's Public Financial Management Improvement Programme (PFMIP) 2016 2019 by improving institutional capacity for reform and reform coordination. Implementing the PFMIP will help promote fiscal discipline, the strategic allocation of resources, and efficient service delivery The outputs of the TA will be (i) institutional capacity to implement the PFMIP improved, and (ii) reform coordination between government agencies and development partners strengthened. To achieve the outputs, the TA will establish and fund a PFM reform coordination unit (RCU) comprising four consultants (three international and one national) and three dedicated MOE counterpart staff as local reform champions. The RCU will report to the permanent secretary for economy (PSE), and be led by a credible and experienced international consultant (advisor to the PSE and team leader). The team leader will supervise the other international consultants (RCU advisors) and the national consultant, manage daily liaisons between the PSE and the RCU, advise on human resources development and process improvements, and provide regular reports to the PFM Reform Steering Committee on the status of reform implementation. CONSULTING SERVICES The TA is expected to require 36 person-months of individual consultant services (30 person-months of international consultant and 6 person-months of national consultant services, all intermittent). The consultants will be selected by the first quarter of 2018. The consultants will have expertise in fiscal policy, budget management, financial management (international consultants), and publications and video production (national consultant). Consultants will require a track record in training and capacity building. Each consultant will be recruited on an individual consultant selection basis and on output-based contracts. They will be required to submit quarterly progress reports to the MOE for review of their performance; their performance will be evaluated more frequently through assessments conducted as part of annual country programming, International Monetary Fund Article IV consultations and/or staff missions; the Government of Australia's Assessment of national systems; and the next PEFA assessment (scheduled for mid-2018). All consultants will be recruited in accordance with ADB's Procurement Policy and the associated project administration instructions and TA staff instructions).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
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