Customs and Revenue Support Support increased revenue Brought in TA through the Pacific Improvements in revenue collection Government VAT collections up collection through greater Financial Technical Advisory and greater in 15% on same period in 2011, (Under MFEM) compliance in VAT and customs Centre. collections. directly attributed by government to collection. the support of the TA (despite a drop in overall economic activity over the same period). Major Projects Unit Ensure delivery of significant No support provided yet but Establish a system to manage Unit has been established formally projects. planned to provide grant to increase major infrastructure investments and steps now underway to support 9 months capacity and operational costs. that could give GoV and donors ongoing management. confidence in the effective use of (Under MFEM grant) public monies. Tourism Campaign Help boost tourism numbers Provided grant funding and one Established a new brand for Anecdotal evidence suggests through support to develop an long term TA to manage the project. Tourism Vanuatu and a new project did help minimise drop in $600,000 grant advertising campaign which was website and office for the Tourism tourist numbers due to economic Assisted the institution with working 2 years used in Australian and NZ. Office. crisis but broader issues affecting through GoV systems to meet its tourism now more of a binding obligations in administering the constraint. funds, procurement of a major international advertising company using GoV contract. Financial Inclusion / Access to Increase the range of products in Provided grant funding. Make banking more accessible, Over 7000 new rural bank accounts Finance rural areas and increase financial provide more opportunities to start established as a result of this literacy up small business, and enable support. Roll out of mobile banking NBV Support greater access to loans and in 2012. Operational costs of NBV Speed up transactions in rural schemes in rural areas. reduced helping manage the $500,000 grant for satellite and areas and improve business bottom line of this well performing $860,000 grant for below environment. Development and Roll out a program of products and SOE. implementation of Financial activities by the Bank to implement 2 years their financial inclusion strategy Inclusion Strategy. across the country.
Customs and Revenue Support (Under MFEM) Support increased revenue collection through greater compliance in VAT and customs collection. Brought in TA through the Pacific Financial Technical Advisory Centre. Improvements in revenue collection and greater in collections. Government VAT collections up 15% on same period in 2011, directly attributed by government to the support of the TA (despite a drop in overall economic activity over the same period). Major Projects Unit 9 months (Under MFEM grant) Ensure delivery of significant projects. No support provided yet but planned to provide grant to increase capacity and operational costs. Establish a system to manage major infrastructure investments that could give GoV and donors confidence in the effective use of public monies. Unit has been established formally and steps now underway to support ongoing management. Tourism Campaign $600,000 grant 2 years Help boost tourism numbers through support to develop an advertising campaign which was used in Australian and NZ. Provided grant funding and one long term TA to manage the project. Assisted the institution with working through GoV systems to meet its obligations in administering the funds, procurement of a major international advertising company using GoV contract. Established a new brand for Tourism Vanuatu and a new website and office for the Tourism Office. Anecdotal evidence suggests project did help minimise drop in tourist numbers due to economic crisis but broader issues affecting tourism now more of a binding constraint. Financial Inclusion / Access to Finance NBV Support $500,000 grant for satellite and $860,000 grant for below 2 years Increase the range of products in rural areas and increase financial literacy Speed up transactions in rural areas and improve business environment. Development and implementation of Financial Inclusion Strategy. Provided grant funding. Make banking more accessible, provide more opportunities to start up small business, and enable greater access to loans and schemes in rural areas. Roll out a program of products and activities by the Bank to implement their financial inclusion strategy across the country. Over 7000 new rural bank accounts established as a result of this support. Roll out of mobile banking in 2012. Operational costs of NBV reduced helping manage the bottom line of this well performing SOE.
governance-for-growth-phase-2-program-design-document.docx