Strengthening the Pacific Islands Forum Secretariat Regional Economic Policy Mandate in the Pacific (ADB-50303-001)

Regions
  • East Asia and Pacific
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
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
Sep 21, 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
Regional
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.23 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, 2017

Disclosed by Bank Oct 20, 2016


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Project Description
According to ADB website, the provision of small-scale TA not exceeding the equivalent of $225,000 on a grant basis from TASF-other sources towards strengthening the Pacific Islands Forum Secretariat (PIFS) regional economic policy mandate in the Pacific. The TA is aligned to ADB's emphasis on regional cooperation and integration as prioritized in the Bank's corporate priorities adopted through its Midterm Review of Strategy 2020 and the interim Pacific Approach 2015. The TA will specifically contribute to sound regional and national economic decision making based on high quality economic policy advice and assistance to Pacific Island Forum Members provided by PIFS, EGT and pursued under the FEMM update.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Olsson, Sivou Beatrice Pacific Department, ADB No contact information provided at the time of disclosure. 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