Fiscal Resilience Improvement Program, Subprogram 1 (ADB-50210-001)

Countries
  • Samoa
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Dec 7, 2016
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.
Borrower
Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 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.
Project Cost (USD)
$ 20.90 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
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 3, 2020

Disclosed by Bank Dec 8, 2016

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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.

The policy-based program is designed to improve Samoa's macroeconomic stability and to strengthen the country's fiscal resilience. It supports the government's medium-term fiscal framework (MTFF) through the implementation of the joint policy action matrix (JPAM) on public financial management (PFM) policies and processes, developed by the Government of Samoa and its development partners.

The program is structured around four reform areas, including (i) reduction of fiscal drain through SOE reforms, (ii) improvement of procurement systems, (iii) improvement of debt management, and (iv) promotion of resilience to climate change and variability. Subprogram 1 has 10 policy actions while 7 policy actions are proposed for Subprogram 2. ADB will support Samoa through regional technical assistance (TA) projects for SOE reform and public sector management during the program. The ADB Private Sector Development Initiative (PSDI) TA will support a range of private sector reforms under way in Samoa that include assistance for developing a public private partnership (PPP) pipeline. PSDI will continue support for improving the business regulatory environment. Support for climate change adaptation and mitigation activities will be guided by the ADB climate change implementation plan. All the outputs are fully aligned with the JPAM.

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

Other grant from:
European Union: US$ 6.1 Million
Government of Australia US$ 2.3 Million
Government of New Zealand: US$ 2.50 Million

World Bank's loan: US$ 5 Million


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.

Ministry of Finance
Ministry of Finance
Government of Samoa
Private Bag, Apia, Samoa

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

How it works

How it works