Tuvalu Fourth Development Policy Operation (WB-P161867)

Countries
  • Tuvalu
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
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Tuvalu
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • 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, etc.
Investment Amount (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 19, 2018

Disclosed by Bank Aug 21, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to the bank, the project aims to support the reform agenda of the Government of Tuvalu in the areas of: (i) improving health and education service delivery; and (ii) building macroeconomic sustainability. These two areas are central to the National Strategy for Sustainable Development (NSSD) or Te Kakeega III (TKIII), and to the Regional Partnership Framework (RPF) for nine small Pacific Isl and Countries FY2017-FY2022 including Tuvalu. The project is part of a coordinated bud get support mechanism through which Australia, New Zealand, the Asian Development Bank (ADB), and the European Union (EU) also provide budget support.

 

 
Investment Description
  • World Bank (WB)
Contact Information
*No contact information provided at the time of disclosure. 

Implementation Agency:
Ministry of Finance and Economic Development

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 ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .