Implementing the Pacific Regional Audit Initiative in Pacific Island Countries, Phase 2 (ADB-46506-001)

Countries
  • Fiji
  • Kiribati
  • Marshall Islands
  • Micronesia
  • Nauru
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tonga
  • Tuvalu
  • Vanuatu
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
U
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
Nov 25, 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
Regional
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 16, 2017

Disclosed by Bank Mar 23, 2017


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Project Description
Based on the Technical Assistance Report, building the capacity of Pacific audit institutions is fundamental to improving governance in the region, and high-quality external audit is an essential requirement for creating transparency in the use of public funds. This proposed regional capacity development technical assistance (TA) will support the continued implementation of the PRAI in Pacific island countries, and has been developed in consultation with the PASAI secretariat and development partners. The TA will support public entities in Pacific island countries to improve transparency and accountability in the management and use of their public resources. The outcome of the TA will be that SAIs in Pacific island countries will operate in accordance with uniform standards at a measurably higher level.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Asistin, Flordeliza R. 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