COVID-19 Emergency Response (ADB-54155-001)

Countries
  • Maldives
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 25, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Maldives
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS May 18, 2020

Disclosed by Bank Mar 25, 2020

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank website, "ADB's support will ease the government's immediate financial, logistic, and other constraints to meet immediate relief needs and deliver appropriate medical services where required. Given the unpredictable nature of the situation, flexibility is required in the design of any support along with close coordination with relevant partners providing support. Based on the government's request and HPA's prioritization, funds are needed to urgently support procurement of diagnostic equipment, materials for critical care facilities including intensive care unit beds, and personal protection and other key medical equipment. Other needs may be identified as the situation evolves in the next few weeks.

The proposed activities include the procurement of emergency medical goods and supplies and other initial support required for dealing with the COVID-19 outbreak. These proposed activities which will be financed by the Asia Pacific Disaster Response Fund (APDRF) are aligned with WHO's Strategic Preparedness and Response Plan for COVID-19. APDRF will complement other ADB support and coordinate with development partner interventions. Flexible and expeditious procurement approaches, including those specified in the Implementation Guidelines for the Asia Pacific Disaster Response Facility and consistent with paras. 16 17 of Operations Manual Section D7/OP for disaster and emergency assistance, will be followed. The procurement of goods and supplies will be coordinated with other technical agencies (such as United Nations agencies) to avoid duplication of supply. Given the need for flexibility, procurement may be outsourced to identified United Nations agencies which have stronger links to the supply market."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Asia Pacific Disaster Response Fund


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer Hoque, Uzma S.
Responsible ADB Department South Asia Department
Responsible ADB Division Human and Social Development Division, SARD
Executing Agencies Ministry of Finance (formerly Ministry of Finance and Treasury)
Ameenee Magu, Block 379, Male', Republic of Maldives

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

How it works

How it works