Opening Remarks

The document outlines the objectives and importance of a workshop focused on addressing the challenges of correspondent banking in the Pacific, emphasizing the need for strategic solutions and collaboration among participants.

Welcome Remarks

The document is about a workshop focused on addressing the challenges of correspondent banking de-risking in the Pacific region and exploring innovative solutions for enhancing financial connectivity.

Improving Regulations and Guidelines for Private Sector Participation in the Generation Sector through standardizing the PPAs and identifying remaining challenges and plans from the regulator

The National Energy Authority (NEA) addressed the critical role of standards and oversight for Power Purchase Agreements (PPAs) to enhance transparency, efficiency, and introduce the remaining reform plans to increase investor confidence in Papua New Guinea's energy sector.

Global Insights: Success story of electrification in Nepal

Nepal, a lower-middle-income economy has achieved 99% electrification, and 76 of the 77 districts are connected to the national grid. In 2010, Nepal's electrification rate stood at 53%, leaving 12.5 million people without access to electricity. Through targeted investments, Nepal was able to expand access by leveraging small-scale renewable projects and building out grid infrastructure.

Global Insights: ADB’s Programmatic Approach to Power Sector Reforms in Sri Lanka

In Sri Lanka, ADB’s programmatic approach and policy-based loan for the Power Sector Reforms and Financial Sustainability aims to consolidate the electricity industry reforms implemented under the Electricity Act 2009 by unbundling Ceylon Electricity Board (CEB) into wholly-owned corporate entities for generation, transmission and distribution of electricity, implementation of fully cost reflective tariffs, facilitate an enabling environment for market liberalization, and strengthen renewable energy investment activities in the country.