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According to bank's website, the proposed project aims to support Fiji in implementing policy and institutional reforms to strengthen climate and disaster resilience and support more sustainable, climate-resilient growth. Fiji is highly exposed to climate change and natural disasters, which affect infrastructure, public finances, service delivery, and communities, while limited fiscal space and institutional capacity constrain resilience-building investment. The Program is a climate policy-based financing operation to be co-financed with ADB as lead co-financier under Subprogram 2 of the Sustainable and Resilient Growth Program. Among the policy actions proposed under ADB’s program, AIIB financing will focus on those supporting climate and disaster resilience reforms.
The Program is expected to support policy actions to: (i) strengthen water sector governance through national policies on water resource management, sanitation, and wastewater, together with utility-level environmental and social management arrangements; (ii) integrate climate risk into financial sector decision-making through climate risk reporting requirements and a green taxonomy issued by the Reserve Bank of Fiji; (iii) establish the Blue Economy Framework 2025–2035; (iv) strengthen disaster risk financing through a Disaster Risk Financing Policy and implementation plan; (v) modernize forest governance through the Forestry Act 2025; and (vi) apply a standardized multi-criteria analysis framework for prioritizing rural water supply and sanitation investments linked to sector planning and Public Sector Investment Programme processes. These reforms are expected to strengthen Fiji’s institutional capacity to manage climate and disaster risks, improve the transparency and climate responsiveness of public investment decisions, and support better-targeted investment in resilient infrastructure and services, including for rural and vulnerable communities.
Total program cost: USD90.0 million
AIIB financing: USD20.0 million
ADB financing: USD70.0 million, with possible scale-up subject to confirmation
Asian Infrastructure Investment Bank
Project Team Leader: Ronald Muana
Title: Senior Investment Officer
Email: ronald.muana@aiib.org
Asian Development Bank
Project Team Leader: James Webb
Title: Senior Public Sector Economist
Email: jwebb@adb.org
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html