Disaster Resilient Clean Energy Financing Facility (ADB-54011-001)

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
Proposed
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.
Borrower
Government of Palau
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.40 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 May 21, 2020

Disclosed by Bank Apr 27, 2020


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Project Description

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."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

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