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This technical assistance (TA) will support initiatives to strengthen Pacific PFM and reduce fiduciary risk, including by providing accounting and internal audit support, and designing a competency-based capacity development program. The design reflects consultations undertaken over the past 2 years, including with the Pacific Financial Technical Assistance Centre (PFTAC), the Pacific Islands Financial Managers Association (PIFMA) and the Pacific Association of Supreme Audit Institutions (PASAI).

The assistance is consistent with the strategies, priorities and commitments of Pacific countries and the Asian Development Bank (ADB), including the Pacific Plan, which seeks to enhance good governance, economic growth, sustainable development and security through regionalism. The TA will contribute to strategic objective 12 of the Pacific Plan, which aims to improve transparency, accountability, equity and efficiency in the management and use of resources in the Pacific. The TA is also consistent with ADB's Pacific Strategy 2005-2009, which identifies strengthened government transparency and accountability as a key result area, and with ADB's second Governance and Anticorruption Action Plan (GACAP II), which is focused on improving ADB's performance in implementing governance and anticorruption policies in sectors where ADB is active. Finally, in supporting the 2005 Paris Declaration on Aid Effectiveness, recipient countries have committed to publishing timely, transparent, and reliable financial reports, while development partners (including ADB) have committed to relying to the maximum extent possible on country PFM systems.