Third Drought Disaster Response Project (ADB-50166-001)

Countries
  • Marshall Islands
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
Active
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 6, 2016
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 of Marshall Islands
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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.
Investment Amount (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 2, 2017

Disclosed by Bank May 17, 2016


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

Project Description
The grant of $200,000 for financing under the Asia Pacific Disaster Response Fund (APDRF) is ADB's response to the ongoing severe drought experienced by the entire population of the Republic of Marshall Islands. On 3 February 2016, a state of emergency was proclaimed by the President of the Marshall Islands. This was elevated to a state of disaster on 8 March 2016 due to the continued lack of rainfall. On 3 March 2016, ADB received a request from the government for ADB support for immediate drought relief under the APDRF. The government reiterated the need for assistance for clean water, health kits, food rations, and logistics costs of delivery assistance to drought-affected areas. ADB has been in close contact with the United Nations Resident Coordinator and Office for the United Nations Coordination of Humanitarian Affairs throughout this emergency. Considering the scope of damages from the drought and the government's constrained resources, an allocation of $200,000 from the APDRF is considered appropriate and will assist the government to implement its drought response plan to address immediate needs.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Ministry of Finance OIDAFIN@NTAMAR.COM P.O. Box D, Majuro MH 96960 Republic of the Marshall Islands 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