Institutional Strengthening of the Nauru Utilities Corporation (ADB-47352-001)

Countries
  • Nauru
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
Canceled
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
Apr 1, 2014
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
Government Republic of Nauru
The holder of the loan, grant, or other investment.
Sectors
  • Energy
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)
$ 0.23 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 Nov 4, 2017

Disclosed by Bank Mar 30, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to ADB website, ADB assistance will support the NUC in the following activities: (i) developing and implementing an asset management and maintenance plan; (ii) improving accounting systems through integration of the asset registry and the financial management information system; (iii) implementing performance management systems for lower level NUC staff; and (iv) reviewing the corporate governance of the organization. The impact of the TA was reduced drain on the fiscal position of the government. The expected outcome was improved financial, operational, and governance performance of NUC. The expected outputs were (i) developing and implementing an asset management and maintenance plan, (ii) improving accounting systems through integration of the asset registry and FMIS, (iii) implementing performance management systems for non-managerial staff, and (iv) implementing a revised corporate governance structure.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Indrawansa, P.P.G.P.P. 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