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Lesson
Targets and indicators in the DMF of program loans such as this need to be extremely conscious of exogenous factors. There is also a need for ADB program to assign focus areas for policy coordination and monitoring among ADB and other development partners so that respective contributions to policy dialogue under the different program components can be traced.

Project Number: 43191-023, 43191-013
Project Name: Economic Recovery Support Program— Subprograms 1 and 2
Report Date:
Lesson
All Pacific developing member countries, including Samoa, experience great difficulty implementing long-term structural adjustment policies. While demand-side, short-term price stabilization policies may be more readily implemented, longer-term changes to land tenure and state-owned enterprises and efforts to liberalize trade and investment regimes confront a very difficult political economy environment in the Pacific islands. Governments are comfortable with short-term price reforms that pose less of a challenge to the political economy.

Project Number: 43191-013, 43191-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date: