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According to the Bank’s website, the proposed program supports Tuvalu’s efforts to strengthen fiscal and climate resilience, and will support (i) public financial management (PFM) to achieve fiscal sustainability; (ii) the performance, transparency, and accountability of Tuvalu’s public enterprises to strengthen fiscal resilience; and (iii) the country’s energy transition and climate resilience through improved PFM and commitments undertaken in accordance with its nationally determined contribution goal of achieving 100% reliance on renewable energy by 2030.
The program, comprising two subprograms, will be financed through two $7 million policy-based grants. It builds on prior policy related initiatives supported by the Asian Development Bank (ADB), other investment projects, and current technical assistance (TA).
In accordance with ADB’s Safeguard Policy Statement (2009), the program is classified category C for environment, involuntary resettlement, and Indigenous Peoples. The program activities are confined to policy and institutional reforms, and no policy actions under subprogram 1 are expected to result in or lead to involuntary resettlement or negatively affect Indigenous Peoples. No adverse environmental impacts have been identified.
The government has requested a grant not exceeding $7 million from ADB’s Special Funds resources (Asian Development Fund) to help finance subprogram 1. The programmatic approach consists of policy-based grants for two subprograms: with $7 million for subprogram 1 in FY2026 and $7 million (indicative) for subprogram 2 in FY2027.
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ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
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.