Pacific Disaster Resilience Program, Phase 3 (ADB-50028-003)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Cook Islands
  • Kiribati
  • Marshall Islands
  • Micronesia
  • Palau
  • Samoa
  • Solomon Islands
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 24, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 94.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 54.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Dec 9, 2020

Disclosed by Bank Nov 24, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank's website, "The proposed contingent disaster financing (CDF) program will improve the resilience of the participating Asian Development Bank (ADB) Pacific developing member countries (DMCs) to disasters triggered by natural hazards and health emergencies. It will support policy actions strengthening resilience to disasters and provide a source of financing for timely emergency response and early recovery. The program is the third phase of the Pacific Disaster Resilience Program; the first phase was approved in December 2017 for Samoa, Tonga, and Tuvalu, and the second phase in September 2019 for FSM, RMI, Solomon Islands, and Tonga. In addition, ADB set up country-specific CDF programs for Cook Islands and Palau. Phase 3 will provide (i) another round of financing for (a) countries that drew down their CDF programs for the coronavirus disease (COVID-19) pandemic (the Cook Islands, FSM, RMI, Palau, Samoa, Solomon Islands, Tonga); and (b)Tuvalu, which drew down the funds in February 2020 in response to Cyclone Tino; and (ii) CDF for the first time for Kiribati and Vanuatu."

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer Uusimaa, Hanna K.
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies Department of Finance and Administration
PS2, Palikhir
Pohnpei State
Federated States of Micronesia
Ministry of Finance
3rd Floor, Executive Bldg, ROP Capitol
Ngerulmud, Melekeok State,P.O. Box 6011
Koror, PW 96940, Republic of Palau
Ministry of Finance
Ministry of Finance
Government of Samoa
Private Bag, Apia, Samoa
Ministry of Finance
P.O. Box D, Majuro
MH 96960
Republic of the Marshall Islands
Ministry of Finance
Vaiaku, Funafuti, Tuvalu
Ministry of Finance
Vuna Road
Nuku'alofa
Kingdom of Tonga
Ministry of Finance & Economic Management
P.M.B. 058
Port Vila
Vanuatu
Ministry of Finance & Economic Management
PO box 120
Cook Islands
Ministry of Finance and Economic Development
P.O. Box 67
Bairiki, Tarawa
Kiribati
Ministry of Finance and Treasury
P.O. Box 26
Honiara, Solomon Islands
Ministry of Finance, Commerce, Trade & Tourism
P.O. Box 381
Constitution Bldg., Kumul Highway
Port Vila, Republic of Vanuatu

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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How it works