Regions and Countries

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p. 4 of 5 BACK | NEXT I. Country Strategy II. Current Development Trends and Issues III. Implementation of the Country Strategy and Program IV. Portfolio Management Issues V. Country Performance and Assistance Levels

Country Strategy and Program Update 2007-2011: Republic of Marshall Islands

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IV. Portfolio Management Issues

A. Portfolio Performance, and Performance Monitoring and Evaluation

31. Since 1990, ADB has approved 11 loan projects from its Special Fund resources, totaling $74.1 million. ADB also approved one loan project from its Ordinary Capital resources, amounting to $4.0 million. Only one loan is still active, the Outer Island Transport Infrastructure Project (footnote 31). As of June 2006, the cumulative contract awards for this single active loan totaled $1.171 million, with cumulative disbursements at $0.352 million. A project completion report (PCR) will be prepared in 2006 for the Skills Training and Vocational Education Project³⁸. Since 1990, 44 TA grants (including two supplementary TAs) have been approved, amounting to $18.4 million. For these, the governments of Norway, US, and New Zealand provided $1.8 million in aggregate cofinancing. Four of the TAs are being implemented.

32. Disbursements for the Outer Island Transport Infrastructure Project (footnote 31) were suspended on 17 February 2006 due to overdue service payments on ADB loans. The 2006 country portfolio review mission (CPRM) requested that (i) loan payment arrears to ADB be brought up to date; (ii) at least $870,000 be secured as counterpart funds for the project; and (iii) a full-time project manager and project accountant be engaged for the Outer Island Transport Infrastructure Project. If these requests are not met by mid-2006, closure of the project will be considered. The 2006 CPRM also expressed disappointment over policy implementation, and repeated earlier CPRM concerns over weak personnel management.

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38. Loan 1791: RMI- Skills Training and Vocational Education Project, for $6.82 million, approved on 29 November 2000.

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