This project finances the Strengthened Fiscal Sustainability Program which is designed to achieve a stronger fiscal position for Tuvalu by providing financial resources to implement selected reforms under the third and final phase of the government’s current multiyear policy reform matrix aimed at reducing revenue and budget volatility whilst maintaining the provision of essential services for poverty alleviation.
This project is co-financed by the World Bank who is investing US$ 1.5 million. Additional funding is provided by the Government of Australia (US$.10 million) and the government of New Zealand (US$ 0.40 million).
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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