Government and public relations heavily rely on the level of management, expenditure and flexibility of public financial resources, as a population’s income and expenditure rates are bound with the execution style of these factors.
Public finance tools are one of the main and key factors to poverty reduction and wealth promotion; for increasing income level, living standards, and transparency of budgeting the revenues and expenditure of public sector entities. A stable and fair tax base, transparent, neutral and accountable expenditure and appropriate management and monitoring systems provide a platform for governments to deliver a strong enabling environment for business and effective public services.
UNICON’s capabilities in public finance include:
The importance of a competitive SME and Private sector and the development of internationally competitive business are widely accepted. Many developing countries have realized that without fulfillment of conditions for development of a strong SME sector, support of macro-level enterprises is not sufficient. It is accepted that institutional support aimed at assisting SMEs and industrial groups in developing and adapting to the changing world competition is crucial.
Inefficient financial markets are one of the characteristics of many transition and emerging countries. Usually, that can be explained by the lack of availability of equity and credits that affect primarily SMEs as well as micro enterprises. That is why our assistance in the financial sector focuses mainly on financing schemes and institutions for SMEs. We assist governments, institutions and financial intermediaries in increasing the credit supply effectively available to SMEs as well as supporting SMEs institutionally.
In this area we offer:
Privatization is another major sector of our operations towards private sector development. Our assistance in the design and implementation of privatization programs covers:
UNICON also assists governments and private companies in seizing the opportunities that an integrated world economy offers; such as access to foreign capital, new market opportunities and increased trade, including:
Like everyone else, people living in poverty need access to a diverse range of financial services, including loans, savings services, insurance, and money transfers. Access to financial services enables the poor to increase income and smooth consumption flows, thus expanding their asset base and reducing their vulnerability to the external shocks that plague their daily existence. The availability of financial services acts as a buffer against sudden emergencies, business risk, and seasonal slumps that can push a family into destitution.
Our services in Microfinance include:
The Government of Tuvalu requested the Asian Development Bank (ADB) to provide Technical Assistance to build the capacity of Tuvalu's tax administration to implement a reformed taxation system within the broader context of an improved framework for revenue monitoring. The need to better project and manage revenue flows and to reform taxation – a key revenue component – through the introduction of a consumption tax has been recognized domestically in Te Kakeega II, as well as by external assessment of Tuvalu by the Pacific Financial Technical Assistance Center and ADB.
The activities supported by the project will facilitate the effective, efficient, and timely implementation of the reformed taxation system within a framework of improved revenue monitoring. Better management of stronger revenue flows will support the project’s expected outcome of more efficient delivery of government services and greater pro-growth public investment in infrastructure by directly improving the provision of government taxation services and providing the resources to support the Government's overall expenditure decision making in line with Tuvalu's national plan. The longer-term impact of the project will contribute to the creation of a more supportive business environment (through a more equitable taxation system, and improved infrastructure and more efficient government services supported by enhanced revenue management), which will increase private sector activity and investment.
For more projects, visit Our Projects page