Countries and Regions

	Table of Contents
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 2004-2006: Tuvalu

---

IV. Portfolio Managemente Issues

A. Portfolio Performance

35. Since joining ADB in 1993, Tuvalu has received two loans: one program loan, 1693- TUV: Island Development Program (for US$4.0 million), and one project loan, 1921-TUV: Maritime Training Project (for US$1.85 million). It has also received 14 TAs, including 4 PPTAs and 10 advisory TAs (ADTAs), totaling US$3.63 million. Only three ADTAs for US$1.19 million were active at the end of 2002. The cumulative contract awards and cumulative disbursements both totaled US$4.0 million as of 31 December 2002. The program loan was closed on 19 July 2001, and the program completion report was prepared in January 2003. Overall, the program loan was rated satisfactory. The active project loan and all active TAs are performing satisfactorily. Details of portfolio performance and project implementation are shown in Appendix 2, Tables 2.7–2.10.

36. It is noteworthy that, of the four PPTAs, only two led to loans. This may be an indication of overoptimistic programming. More frequent policy dialogue between ADB and the Government is recommended to ensure that project proposals are consistent with Government priorities and local absorptive capacities.

B. Performance Monitoring and Evaluation

37. While the IDP has been accomplished, its attached TA is funding a participatory monitoring evaluation survey to help measure the results and impact of the IDP. This survey is a follow up to the baseline survey undertaken in 2001. It is expected that this data, along with the data from the November 2002 census, will point to improvements in the quality of life in the island communities. Assistance to MFEPI under the proposed financial management TA will be complemented by assistance to be provided by AusAID on aid coordination.

Back III. Implementation of the Country Strategy and Program	Next V. Country Performance and Assistance Levels