This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Pacific Economic Management (Phase 2) (ADB-47342-001)

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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Dec 13, 2013
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.
Investment Amount (USD)
Not Disclosed
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

Disclosed by Bank Mar 31, 2017


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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.
IMPACT Improved economic performance and public financial management in participating Pacific develooping member countries (DMCs) CONSULTING SERVICES The TA will require consulting services for the following positions: Project Manager (11 PM), Lead Advisors (12 PM), Public Financial Management Specialists (11 PM), Advisor (11 PM), and Economic Analysts (12 PM) with areas of expertise needed to conduct economic monitoring, generate new high frequency economic indicators from existing data, develop economic policy analysis tools, and measures to link improved monitoring and analysis to public financial management to be developed and implemented by staff in Ministries of Finance and Central Banks of Pacific DMCs with the assistance of the TA. Consultants will be recruited in accordance with Guidelines on Use of Consultants by ADB and Its Borrowers. To allow speedy mobilization of consultants in response to specific policy advice, the consultants will be prequalified in accordance with Indefinite Delivery Contract modality. Disbursement of TA proceeds will conform to ADB's Technical Assistance Disbursement Handbook (2010, amended from time to time).
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.
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