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

Countries
  • Samoa
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
Bank Risk Rating
C
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
Dec 7, 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
Ministry of Finance
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 5.00 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)
$ 20.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 2, 2017

Disclosed by Bank Dec 8, 2016


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Project 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
  • Asian Development Bank (ADB)
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
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