B - 2015-16 Aid objective 2015-16 benchmark Rating Progress in 2015-16 Objective 1: Economic Achieved . Growth Collective action managing 5% annual increase Achieved The region significantly exceeded this performance benchmark in 2015-16, despite fish prices. Total regional resources delivers (US$264 million) in Government revenues for the year are over US$350 million (A$460 million) largely from foreign flagged purse economic benefits to revenue flowing to Forum seine vessels operating under the Vessel day Scheme. There are clear challenges to increasing returns from the Pacific governments Fisheries Agency Pacific longline fishery. After peaking with very high prices in 2012 however, GDP has decreased due to reductions in the island member value of the purse seine catch. This trend needs to be reversed. governments from offshore tuna fisheries (from baseline). Australia Pacific technical Additional 1000 Pacific Achieved We significantly exceeded this benchmark with a total of 1526 students having graduated from APTC programs College (APTC) provides islander graduates with between July 2015 and June 2016. more Pacific Islanders with internationally recognised internationally recognised qualifications. qualifications in areas of demonstrated labour market demand. Aid program attracts new US$350 million (A$462 Achieved US$387 million (A$511 million) of private sector investment had been leveraged by December 2015. private sector investment million) of private sector that contributes to Pacific investment leveraged. development outcomes. Objective2: Effective regional institutions Collective ownership of 70 per cent of Pacific Partly Pacific Community (SPC) conducted governance training prior to Committee of Representatives of Governments regional organisations by island country members achieved and Administrations (CRGA) as part of implementing the recommendations of its governance review. While driven Pacific island country engaged in by financial concerns, members have taken a strong interest on the strategic planning and prioritisation work members. at Pacific Regional including greater involvement in subcommittees including: Organisation governing PIFS FOC Subcommittee on Prioritisation (8 of 16 members); body meetings. SPREP (10 of 22 members); and SPC CRGA Strategic Plan Subcommittee (12 of 26 members). Another positive indicator was the participation of Foreign Ministers and Leaders responsible for foreign policy at the Forum Foreign Ministers Meeting in Sydney in July 2015.
B - 2015-16 Aid objective 2015-16 benchmark Rating Progress in 2015-16 Objective 1: Economic Growth Achieved . Collective action managing regional resources delivers economic benefits to Pacific governments 5% annual increase (US$264 million) in revenue flowing to Forum Fisheries Agency Pacific island member governments from offshore tuna fisheries (from baseline). Achieved The region significantly exceeded this performance benchmark in 2015-16, despite fish prices. Total Government revenues for the year are over US$350 million (A$460 million) largely from foreign flagged purse seine vessels operating under the Vessel day Scheme. There are clear challenges to increasing returns from the longline fishery. After peaking with very high prices in 2012 however, GDP has decreased due to reductions in the value of the purse seine catch. This trend needs to be reversed. Australia Pacific technical College (APTC) provides more Pacific Islanders with internationally recognised qualifications in areas of demonstrated labour market demand. Additional 1000 Pacific islander graduates with internationally recognised qualifications. Achieved We significantly exceeded this benchmark with a total of 1526 students having graduated from APTC programs between July 2015 and June 2016. Aid program attracts new private sector investment that contributes to Pacific development outcomes. US$350 million (A$462 million) of private sector investment leveraged. Achieved US$387 million (A$511 million) of private sector investment had been leveraged by December 2015. Objective2: Effective regional institutions Collective ownership of regional organisations by Pacific island country members. 70 per cent of Pacific island country members engaged in at Pacific Regional Organisation governing body meetings. Partly achieved Pacific Community (SPC) conducted governance training prior to Committee of Representatives of Governments and Administrations (CRGA) as part of implementing the recommendations of its governance review. While driven by financial concerns, members have taken a strong interest on the strategic planning and prioritisation work including greater involvement in subcommittees including: PIFS FOC Subcommittee on Prioritisation (8 of 16 members); SPREP (10 of 22 members); and SPC CRGA Strategic Plan Subcommittee (12 of 26 members). Another positive indicator was the participation of Foreign Ministers and Leaders responsible for foreign policy at the Forum Foreign Ministers Meeting in Sydney in July 2015.
pacific-regional-appr-2015-16.docx