Climate Resilience Sector Project (ADB-46351-002)

Countries
  • Tonga
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 9, 2013
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Kingdom of Tonga, Ministry of Finance and National Planning
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Grant Amount (USD)
$ 19.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 23.13 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 25, 2017

Disclosed by Bank Sep 30, 2016


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Project Description
According to ADB website, the purpose of the Project described below (the Project) is to implement the Strategic Program for Climate Resilience (SPCR) prepared by Tonga under phase II of the Pilot Program for Climate Resilience (PPCR) . The Project will mainstream climate resilience into development planning and address country priorities focusing on the most vulnerable sectors and communities. The Project will (i) build capacity in climate change adaptation and disaster risk management at community, sector and national levels; (ii) provide information, tools, and legislative frameworks needed to introduce climate change considerations into government and sector planning and budgeting processes; and (iii) provide access to resources (technical, human, financial) to address the climate change risk priorities of the Government, as well as those of vulnerable communities through a combination of soft and hard measures. This will lead to a progressive increase in the resilience of ecosystems and infrastructure; the foundations of the country's sustainable development aspirations. The Project will be financed on a grant basis from the Strategic Climate Fund which is one of two funds within the design of the Climate Investment Fund.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Fay, David R. Pacific Department, ADB No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main