Regional: A Differentiated Approach to Building Economic Management Capacity in the North Pacific
The technical assistance (TA) will improve economic management capacity in the three North Pacific developing member countries (DMCs) of the Asian Development Bank (ADB): the Federated States of Micronesia (FSM), the Republic of the Marshall Islands (RMI), and the Republic of Palau. The TA will implement an approach that (i) supplements capacity to address specific gaps, and (ii) builds long-term economic management capacity (i.e., the design, analysis, implementation, and calibration of macro-fiscal and structural policies) in ministries of finance and/or planning offices to deliver sustainable improvements at the national level. Under the capacity supplementation component, economic management and/or statistics experts will be outposted on a long-term basis in the three North Pacific DMCs. Complementary capacity development will build sustainable national expertise by providing on-the-job skills training, education, and graduate training opportunities to local stakeholders.
Project Details
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Project Officer
Rabanal, Rommel F.
Pacific Department
Request for information -
Country/Economy
Regional -
Sector
- Public sector management
| Project Name | A Differentiated Approach to Building Economic Management Capacity in the North Pacific | ||||
| Project Number | 56022-001 | ||||
| Country / Economy | Regional Micronesia, Federated States of Palau Marshall Islands |
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| Project Status | Active | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Knowledge solutions |
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| Sector / Subsector | Public sector management / Economic affairs management - Public administration |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| Description | The technical assistance (TA) will improve economic management capacity in the three North Pacific developing member countries (DMCs) of the Asian Development Bank (ADB): the Federated States of Micronesia (FSM), the Republic of the Marshall Islands (RMI), and the Republic of Palau. The TA will implement an approach that (i) supplements capacity to address specific gaps, and (ii) builds long-term economic management capacity (i.e., the design, analysis, implementation, and calibration of macro-fiscal and structural policies) in ministries of finance and/or planning offices to deliver sustainable improvements at the national level. Under the capacity supplementation component, economic management and/or statistics experts will be outposted on a long-term basis in the three North Pacific DMCs. Complementary capacity development will build sustainable national expertise by providing on-the-job skills training, education, and graduate training opportunities to local stakeholders. The TA will leverage the presence of outposted experts to address immediate economic management needs, while also providing hands-on mentorship to foster knowledge transfer to local staff and trainees. Together, these components will deepen domestic engagement in economic management, including in data collection and policy design and implementation. |
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| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | Sustainable economic management services in the North Pacific DMCs delivered |
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| Project Outcome | |
|---|---|
| Description of Outcome | Economic management capacity in the North Pacific DMCs improved |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Capacity supplementation for economic management delivered National capacity for economic management sustainably improved Economic management coordination improved |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide; Palau - Nation-wide |
| 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 | Rabanal, Rommel F. |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | Office of the Director General, PARD |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 02 Dec 2022 |
| Fact Finding | - |
| MRM | - |
| Approval | 21 Dec 2022 |
| Last Review Mission | - |
| Last PDS Update | 22 Dec 2022 |
TA 10071-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 21 Dec 2022 | - | 21 Dec 2022 | 30 Nov 2026 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 5,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,000,000.00 | 06 Jan 2023 | 0.00 |
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 |
|---|---|---|
| A Differentiated Approach to Building Economic Management Capacity in the North Pacific: Technical Assistance Report | Technical Assistance Reports | Dec 2022 |
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Tenders
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