Vanuatu Sustainable Economic Transformation (V-SET) (ADB-59361-001)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Vanuatu
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
Government of Vanuatu - Ministry of Finance & Economic Management
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Law and Government
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)
$ 10.00 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.
Project Cost (USD)
$ 10.00 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 24, 2026

Disclosed by Bank Dec 18, 2025


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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 the Bank’s website, the facility will be multisectoral and will support a range of activities across the project lifecycle, including (i) project design and due diligence including surveys, feasibility studies, and detailed engineering designs; (ii) project implementation support on technical and legal matters, procurement (including merit point criteria evaluation), financial management, safeguards (including ADB's new Environmental and Social Framework), gender and the prevention of sexual exploitation, abuse, and harassment; and (iii) post-completion interventions to support O&M; services and examine options for the private sector to deliver these services. In addition, the facility will provide much needed financing to institutional strengthening, capacity building and supplementation, PPP transaction advisory services, post-disaster early recovery needs, and pilot testing of innovative approaches and technologies.

Outputs:
Output 1: Improved project quality and readiness: assessments, surveys, feasibility studies, detailed engineering designs, PPP transaction advisory services, and pilot-testing innovative approaches.
Output 2: Enhanced project efficiency and sustainability: project implementation support, institutional strengthening, capacity development, small scale O&M services, and post-disaster early recovery.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environment: B
Involuntary Resettlement: B
Indigenous Peoples: C

According to the Bank’s Resettlement Framework document, for emergency assistance or project components that cannot be confirmed during project processing, the completion of standard environmental and social assessments, environmental and social management plans (ESMP), resettlement plans, and indigenous peoples plans as required, may not be possible before Board approval. In such cases, an environmental assessment and review framework (EARF), a resettlement framework, and if required, an indigenous peoples planning framework, will be prepared, in accordance with the Asian Development Bank (ADB) Safeguard Policy Statement 2009 (SPS).

In line with ADB’s Safeguards Policy Statement (SPS, 2009), the proposed activities are expected to fall under either Category C (no involuntary resettlement impacts anticipated) or Category B (involuntary resettlement impacts that are not considered significant). Although land acquisition and resettlement are not anticipated, their full extent will only be determined once detailed design and planning are undertaken. There remains a possibility of temporary or permanent land acquisition, which could give rise to compensation obligations.

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

The financing amount is $10,000,000, which will be financed on a grant basis by ADB’s Asian Development 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.

No contacts available at the time of disclosure.

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.

How it works

How it works