Disaster Resilience Program (ADB-52018-001)

Countries
  • Palau
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
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
Oct 15, 2018
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 Palau
The holder of the loan, grant, or other investment.
Sectors
  • Humanitarian Response
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 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 Jan 11, 2019

Disclosed by Bank Oct 15, 2018


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Project Description

According to the bank website, the proposed PBL will support the government's continuing efforts to improve disaster resilience through a series of reform initiatives. To establish eligibility to access the contingent financing, the government has undertaken prior policy actions that (i) strengthen institutional arrangements for disaster risk management (DRM); (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Basu, Ananya
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Ministry of Finance
3rd Floor, Executive Bldg, ROP Capitol, Ngerulmud, Melekeok State,P.O. Box 6011 Koror, PW 96940, Republic of Palau

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