Building Resilience to Climate Change in Papua New Guinea (ADB-46495-002)

Countries
  • Papua New Guinea
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
Oct 21, 2015
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
Independent Stata of Papua New Guinea, Office of Climate Change and Development
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
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)
$ 24.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 12, 2017

Disclosed by Bank Mar 31, 2017


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Project Description
The ADB is helping Papua New Guinea improve its capacity to assess and incorporate climate change risks in its development investment program. The project is supporting climate risk and resilience planning and vulnerability assessments for at-risk islands and atolls, as well as sustainable fishing activities and food security investments. The proposed Building Resilience to Climate Change in Papua New Guinea (formerly Strategic Program for Climate Resilience Implementation Project for Papua New Guinea (PNG) (the Project)) aims to make PNG's development investments climate resilient and support the country's transition to _climate compatible development,' as outlined in its national medium- and long-term development strategies. The project impact is increased resilience to the impacts of climate variability and climate change.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Roop, James A. Pacific Department 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