Pacific Resilience Project II under the Pacific Resilience Program (WB-P160096)

  • Marshall Islands
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
May 9, 2017
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.
Government of Republic of the Marshall Islands
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 19.63 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)
$ 44.63 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 @ WB website

Updated in EWS Oct 31, 2017

Disclosed by Bank Jan 1, 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.
The proposed project is designed to fill a clear gap by concentrating on strengthening early warning and preparedness for communities, coastal protection in vulnerable areas, financial support for disaster response, and institutional strengthening and capacity building within these elements. Phase II of the Pacific Resilience Program (PREP) will complement existing initiatives which aim to minimize the impact of climate change and natural hazards across the Pacific Region, and support the continuation and expansion of the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) insurance program, of which RMI is a participant. The PREP is a ‘Series of Projects’, implemented in two phases at this stage, with the potential for more phases in the future. The PREP helps PICs to: (i) strengthen early warning and preparedness; (ii) create a framework for better, prioritized investments for climate and disaster resilience; and (iii) improve the post-disaster response capacity of the countries through strengthened financial resilience to disaster events. PREP Phase I includes activities in Samoa, Tonga, Vanuatu and RMI, along with a range of activities which are implemented by the regional organizations the Pacific Community (SPC) and the Pacific Islands Forum Secretariat (PIFS). RMI and Vanuatu participate only in part of PREP Phase I which supports the financing of premiums for the regional disaster risk financing insurance scheme. Phase II of the PREP will include a broader range of activities for RMI. The project development objective is to strengthen early warning systems, climate resilient investments in shoreline protection, and to provide immediate and effective response to an Eligible Crisis or Emergency.
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.
Ministry of Finance Ms. Maybelline Andon Bing Secretary Implementing Agency Pacific Community Michael Petterson Director, Geosciences Division ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at:

How it works

How it works