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Lesson
In addition to continuing technical assistance (TA), it is important that professional advisors work closely with the government of Kiribati to try and ensure reform momentum.

Project Number: 47322-001, 47322-002
Project Name: Strengthening Economic Management Reform Program: Subprograms 1 and 2 Completion Report
Report Date:
Lesson
A stand-alone policy-based grant would have been preferable for this project rather than a programmatic approach.

Project Number: 47322-001, 47322-002
Project Name: Strengthening Economic Management Reform Program: Subprograms 1 and 2 Completion Report
Report Date:
Lesson
Joint donor support in a small country can provide a significant incentive for reform. Joint support provides an incentive because of its potential significance in overall GDP. Nevertheless, it is still important that reform is country-owned. In Kiribati, the government could see the cost of maintaining its existing fiscal policy because of its negative impact on the RERF, so the external shock also provided an incentive to reform.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Limit the policy matrix to a few critical actions. While Kiribati had an incentive to reform, the country also has limited reform capacity. It needs to focus on a few critical actions and to be clear on the development outcome of each prior action, including identifying an indicator that can be monitored. The requirement where the five largest SOEs were to submit audited accounts may have underestimated the institutional capacity that was required to achieve it.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
Clarity between the policy matrix and the DMF is important for monitoring and evaluating results. A clear line between the prior actions and the overall development outcome is important so that the program achievements can be judged consistently.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
TA support is important. If a TA grant is not directly provided to support reform implementation, it is important to link reforms to existing areas of technical assistance. ADB helped support SOE reforms before and after grant release, so there was existing support in the area, which would continue after the PBL. The program also benefited from the government and development partners creating a joint policy matrix, which listed a series of policy actions that preceded grant release and supported a post-partnership framework.

Project Number: 47314-001
Project Name: Kiribati: Strengthening Fiscal Stability Program
Report Date:
Lesson
The program grant enabled the Revenue Equalization Reserve Fund (RERF) drawdown to be reduced in 2014 and expedited reforms. Ongoing actions under the post-program partnership framework can be combined into a multi-year matrix linked to ongoing budget support. The program also highlighted the importance of partnership (with government and other development partners) through creation of a joint policy matrix.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date:
Lesson
The grant pre-conditions were an incentive for the government to reform state owned enterprise (SOE) governance and operation and improve management of government revenue, expenditure, assets, and liabilities. An ongoing ADB technical assistance (TA) was timely in supporting SOE reforms that preceded and continued after grant release.

Project Number: 47314-001
Project Name: Strengthening Fiscal Stability Program: Program Completion Report
Report Date: