Additional Financing for the Pacific Resilience Project under the Pacific Resilience Program (WB-P167166)

Countries
  • Tonga
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
B
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
Jul 18, 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 Tonga
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Infrastructure
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)
$ 14.95 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)
$ 17.31 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 19, 2018

Disclosed by Bank May 1, 2018


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Project Description

The bank document stated that "the objective of the Project is to strengthen early warning, resilient investments and financial protection of Tonga." Project components are:

Component 1: Strengthening Early Warning and Preparedness
Component 2: Risk Reduction and Resilient Investments
Component 3: Disaster Risk Financing
Component 4: Project and Program Management
 
The proposed addition financing will focus on the repair, retrofitting and rebuilding of schools damaged by Tropical Cyclone Gita and strengthen the resilience of buildings and related infrastructure particularly for schools and health facilities and will finance addtional five years of the Insurance premiums.
Investment Description
  • World Bank (WB)

Co-financing:
Borrower US$ 0.4 million
Government of Australia US$ 2.068

Contact Information
World Bank
Keiko Saito, Disaster Risk Management Specialist
Michael Bonte-Grapentin, Senior Disaster Risk Management Specialist
Simone Lillian Esler, Disaster Risk Management Specialist
 
Implementing Agencies
Ministry of Finance and National Planning
Hon. Dr. Pohiva Tu’I’onetoa
 
Ministry of Environment, Energy, Climate Change, Disaster Mgmt, Meteorology, Information and Comms
Hon. Poasi Mataele Tei
 

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 .