Pacific Disaster Resilience Program Phase 2 (ADB-50028-002)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Marshall Islands
  • Micronesia
  • Solomon Islands
  • Tonga
  • 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
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."
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 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.
Loan Amount (USD)
$ 6.00 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.
Grant Amount (USD)
$ 24.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 13, 2019

Disclosed by Bank Feb 28, 2019

Contribute Information
Can you contribute information about this project?
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 the bank website, "the proposed program will improve the resilience of the Federated States of Micronesia (FSM), Marshall Islands, Solomon Islands, Tonga and Vanuatu to disasters triggered by natural hazards. It will support policy actions in disaster risk management (DRM) and provide participating Asian Development Bank (ADB) Pacific developing member countries (DMCs) with a source of contingent financing for timely disaster response, early recovery, and reconstruction activities.

The proposed program is Phase 2 of the Pacific Disaster Resilience Program, approved in December 2017 for Samoa, Tonga and Tuvalu. Phase 2 will replenish the available disaster contingent financing for Tonga and add four new countries to the program. All seven countries will continue the collaboration on DRM under the regional technical assistance (TA) attached to the Phase 1, with its scope expanded to include the additional countries. The program is consistent with the objectives of the ADB Pacific Approach, 2016 2020, which serves as the operational framework of the ADB for the Pacific region and the overall country partnership strategy for the 11 smaller Pacific countries, including FSM, Marshall Islands, Solomon Islands, Tonga, and Vanuatu."

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.

Responsible ADB Officer Uusimaa, Hanna K.
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies

ADB POHQ
Regional
Department of Finance and Administration
PS2, Palikhir, Pohnpei State
Federated States of Micronesia

Ministry of Finance
P.O. Box D, Majuro, MH 96960
Republic of the Marshall Islands

Ministry of Finance & Economic Management
P.M.B. 058, Port Vila, Vanuatu

Ministry of Finance and National Planning
Vuna Road, Nuku'alofa, Kingdom of Tonga

Ministry of Finance and Treasury
P.O. Box 26
Honiara, Solomon Islands

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