Username Password
PINA
New ADB regional director in Fiji to focus on Infrastructure, Private sector development
10:00 pm GMT+12, 07/10/2018, Fiji

Masayuki Tachiiri has assumed office as Regional Director of the Asian Development Bank’s (ADB) Pacific Subregional Office (SPSO) in Suva.
 
SPSO serves as ADB’s focal point for assistance ensuring the delivery of financing and knowledge solutions in the Cook Islands, Fiji, Kiribati, Samoa, Tonga, and Tuvalu.
 
“ADB’s Strategy 2030 sets the course for our efforts to respond effectively to the Pacific subregion’s changing needs and will focus our efforts on the specific needs of small island developing states (SIDS),” said Mr. Tachiiri. “ADB will better support SIDS by combining concessional finance, knowledge and advisory services, and partnership with diverse stakeholders.”
 
Sustainable infrastructure investments will remain a priority in the Pacific subregion. ADB will continue to support governments’ efforts to improve the business environment and promote private sector investment.
 
For example, the Pacific Private Sector Development Initiative, or PSDI, has been assisting governments in modernizing business laws and competition regulations, improving access to finance and financial services, and improving the efficiency of state-owned enterprises.
 
As part of the Strategy 2030 mandate for inclusiveness, ADB will support the subregion’s efforts to boost access to essential services and economic opportunities, focusing particularly on vulnerable and underserved communities. The ADB-supported Tonga Outer Island Renewable Energy Project, for example, is ensuring better access to electricity generated by solar power at a low cost. The Outer Island Maritime Infrastructure Project in Tuvalu is strengthening transport connectivity for communities in remote islands.
 
ADB supports climate-proofing in infrastructure investments and is enhancing countries’ preparedness for natural disasters. In Fiji, ADB is preparing a project to mitigate and manage flooding along the Nadi River. ADB uses contingent financing schemes to quickly provide financial support for Pacific countries after natural disasters.
 
Fiji will host ADB’s 52nd Annual Meeting in May 2019. This will be the first time a Pacific developing member country has hosted an ADB Annual Meeting, which will be an opportunity to showcase achievements and opportunities in the Pacific subregion.
 
Fiji has been a member of ADB since 1970, with support totaling US$509 million in loans, US$35 million in grants, and US$32 million in technical assistance. In early 2019, ADB will launch a new Country Partnership Strategy for Fiji, which will set strategic priorities to guide the relationship and ADB operations in the country to 2023.
 
Tachiiri holds a Ph.D. in Economics from the University of Chicago. He joined ADB in 2007 and worked in its South Asia Regional Department as well as the Strategy, Policy, and Review Department. He also had a short stint in a private advisory firm where he worked as financial advisor for public-private partnership infrastructure projects.

SOURCE: ADB/PACNEWS


News feature
There are no related media to this article.
Pacific Islands News Association
Who & What is PINA?
Membership
Member Countries
Media Freedom
Training
PINA Convention
Awards
Contact
Gallery
Forum
Events
Jobs
Classifieds
PACNEWS
Home
Regional
Feature
Business
Sports
Archives
Partners
Communications Initiative
International News Safety Institute (INSI)
UNDP PC
AusAID
NZAID
SPREP
ONOC
UNAIDS
Media Helping Media
Partners
PIFS
SPC
IFEX
UNESCO
AIBD
GFMD
SEAPA
WPFC
IFJ