FSM Contingent Emergency Response Project (WB-P516820)

Countries
  • Micronesia
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
Proposed
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
Aug 20, 2026
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.
Borrower
Federated States of Micronesia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 16, 2026

Disclosed by Bank Aug 4, 2026

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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 Federated States of Micronesia (FSM) Contingent Emergency Response Project (CERP) is an Investment Project Financing (IPF) operation prepared in advance to enable a rapid and flexible response to eligible crises or emergencies, including natural disasters and climate-related shocks. The project does not have financing committed at approval; instead, it serves as a standing vehicle through which resources can be rapidly repurposed and channeled once an eligible emergency is declared.Upon activation, the CERP would provide quick-disbursing financing to support the FSM Government in meeting urgent response and early recovery needs. Eligible expenditures would be limited to a positive list of essential emergency activities designed to stabilize conditions and protect lives and livelihoods, including emergency goods and services, temporary support to affected households, and other critical expenditures with minimal physical footprint and streamlined environmental and social risk management.The CERP will remain active for up to six years and may be activated multiple times during its lifetime. Each activation will support a short implementation period, expected not to exceed 12 months. Implementation arrangements and fiduciary, environmental, and social procedures will be established upfront, building on existing national systems and preparedness frameworks, to ensure that funds can be accessed and disbursed rapidly when needed. The operation strengthens FSM's overall crisis preparedness architecture and complements ongoing resilience investments by providing predictable, timely financing to respond to shocks.

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.

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works