24 June 2014

ADB and PSDI seek a Banking Operations Expert for assignment in Timor-Leste

PSDI is seeking to recruit a Banking Operations Expert in Timor-Leste. The objective and purpose of the assignment is as follows

  • The National Commercial Bank of Timor-Leste (BNCTL), formerly the Institute of Microfinance Timor-Leste (IMfTL), was granted an unrestricted banking license in July 2011. The bank continues to implement a process to transition into a sustainable, best-practice commercial bank, with assistance from the Asian Development Bank (ADB). 
  • The successful candidate will assist BNCTL to lay the foundation for the commercial transformation of the bank, as desired by the BNCTL board. The Board of Directors of BNCTL has approved the establishment of a new Operations Department at the bank’s Head Office in Dili and the corresponding appointment of an Operations Manager.
  • The Government of Timor-Leste and Board and management of BNCTL have requested ADB technical assistance to support bank management and the head of the operations department to align bank operations with the commercial objectives prescribed by the BNCTL business plan, and to develop staff capability within the Operations Department.

Expressions of interest should be submitted by 15 July. 

Applications should be made through ADB's consultant management web page. Click here for full details.

12 June 2014

Sustainable Development Financing in the Pacific, ESCAP Workshop, Jakarta

Peter Dirou delivered this presentation to the Asia-Pacific Outreach Meeting on Sustainable Development Financing in Jakarta, Indonesia on 10–11 June 2014. Peter leads the “Financing Growth” focus area within PSDI. The presentation highlighted the distinctiveness of the Pacific region and argued that financial sector development in the region would require an innovative approach, as opposed to replicating the experiences of non-Pacific countries. Improvements in technology would open up innovative approaches, but the legal foundations of capital raisings needed to be addressed, whatever the capital raising modality. Another key message was the role that provident funds stood to play in capital market development, and financial sector development more generally, in the Pacific.

2 June 2014

"Finding Balance": Pacific State-owned Enterprise Reform

SOE reform is crucial to private sector development.

Over the past decade, the Asian Development Bank has been working with a number of Pacific island countries to reform their state-owned enterprise (SOEs) sectors. Key in driving this agenda has been the publishing of the Finding Balance series: in-depth, country-level situational analysis which seeks to strike a balance between the roles of the public and private sector.
SOEs continue to play a important role in many Pacific island countries. They absorb large amounts of scarce capital, on which they provide very low returns. While some provide essential public services, many others operate as purely commercial ventures and crowd out the private sector.
Many have performed poorly. Reforming the SOE sector is vital for private sector development, as it will create opportunities for private investment, reduce the costs of doing business and improve basic services by introducing private sector discipline and competitive market pressures into the SOE sector.
The Finding Balance series has proved a valuable advocacy tool in driving these reforms. Find out more here: