Original disclosure @ ADB website
Updated in EWS May 21, 2020
Disclosed by Bank Apr 27, 2020
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According to the bank's website, the project aims to "create the access of low income and female borrowers to affordable disaster resilient clean energy financing. The assistance is planned to be provided as a grant equivalent of up to $3 million to create the Disaster Resilient Clean Energy Financing Facility (DRCEFF) by the Ministry of Finance and on-lent by the National Development Bank of Palau (NDBP). It will be ADB's first-ever financial intermediation (FI) project in Palau and Pacific Developing Member Countries (Pacific DMCs) that targets exclusively disaster resilient clean energy financing available for low income and women beneficiaries."
Responsible ADB Officer Abbasov, Rafayil
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
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