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Asset Meet Hailed A Sucess

The regional Public Sector Financial Management Symposium (PFM) focussing on issues, challenges and opportunities in Asset Management convened at Novotel in Nadi from 30th – 31st May, 2016  has been hailed as highly successful.  Mr Parmesh Chand, Director of Pacific Islands Centre for Public Administration (PICPA), said that the Symposium was well attended by 20 delegates representing thirteen Pacific Island Countries (PICs) and New Zealand.  There was also excellent representation from partner organizations viz Asian Development Bank (ADB), Pacific Association of Supreme Audit Institutions (PASAI), Pacific Regional Infrastructure Facility (PRIF), Pacific Financial Technical Assistance Centre (PFTAC) and University of the South Pacific (USP).  There was also an excellent range of resource personnel drawn from industry locally and abroad who provided resource inputs at the Symposium.

Mr Chand said that the objectives of the Symposium were fully accomplished.  The objectives were to provide an avenue where relevant senior officials involved in asset management in the PICs have an opportunity to share experiences, hear from experts and learn international best practices in public sector asset management.

Following comprehensive discussions and a well co-ordinated exchange of information and views, it was agreed by participants of the Symposium that there be continued emphasis on human resource capacity development for those involved in asset management.  It was also agreed that there be a stocktake of the extent of current work being undertaken by PICs in the field and such information be shared amongst all stakeholders. Participants also requested PICPA to consider the possibility of running a post graduate level course for public servants in Asset Management in collaboration with USP and that a follow up Symposium be convened in 2017.  PICPA was also requested to set up a special Interest Group drawn from within the Region on public sector asset management, with the primary objective of facilitating implementation of actions arising from the Symposium and initiating further capacity building programmes for relevant public sector officials.

The Symposium was officially opened by Pro Chancellor and Chair of Council of USP, Mr Winston Thompson.  The funding for the convening of the Symposium was provided by Government of Australia through the Department of Foreign Affairs and Trade.

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