Public Financial Management Project (additional financing) (ADB-50295-002)

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
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
Sep 17, 2019
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
  • 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)
$ 0.50 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 Oct 22, 2019

Disclosed by Bank Sep 17, 2019


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Project Description

According to the bank website, "The additional financing will scale up and extend the benefits of the ongoing project by further helping the Ministry of Finance (MOF) to prioritize and implement reforms to strengthen PFM in line with the scope of the ongoing project. The outputs of the proposed additional financing will remain the same as the ongoing project: (i) the MOF's institutional capacity to implement the PFM Reform Roadmap strengthened, and (ii) the MOF's institutional capacity to implement SOE reforms strengthened."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Ananya Basu
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies Ministry of Finance
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