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p. 22 of 39 BACK | NEXT Introduction Bankwide Project Implementation Performance Country Implementation Highlights Bangladesh Bhutan Cambodia China, People's Republic of India Indonesia Kazakhstan Korea, Republic of Kyrgyz Republic Lao, People's Democratic Republic Malaysia Maldives Mongolia Myanmar Nepal Pakistan Philippines Pacific Developing Member Countries Cook Islands Fiji Islands Kiribati Marshall Islands Micronesia, Federated States of Nauru Papua New Guinea Samoa Solomon Islands Tonga Tuvalu Vanuatu Sri Lanka Tajikistan Thailand Uzbekistan Viet Nam Appendix

Seminannual Report on Project Administration and Technical Assistance Implementation for the Period Ending 30 June 1999 : Country Implementation Highlights : Pacific Developing Member Countries

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Cook Islands

The number of ongoing loans remained at four with no loans approved or closed during the period. All four loans were effective and rated as satisfactory in both implementation progress and achievement of development objectives. The massive downsizing of the Government affected the implementation of various Bank-assisted projects. But with the substantial completion of the initial retrenchment process in 1998, the project environments are expected to normalize. One loan underwent a minor change in scope. During the period, no other loans were delegated to the RM and none of the previously delegated loans were closed. As of 30 June 1999, all four loans were under implementation by the RM.

A meeting was convened with the New Zealand High Commission to coordinate assistance to the Education Sector Review so as to complement the ongoing program under the Education Development and rehabilitation assistance under the Emergency Rehabilitation. Progress in implementing the Education Development continued to improve after the appointment of a new project manager in March 1999 and with continued monitoring by the RM. Under the Government process of devolving responsibilities from central agencies to Island and Vaka Councils including Parent-Teacher Associations, beneficiary and stakeholder participation was achieved for activities under the Pearl Industry Development, and the Education Development. Under the Emergency Rehabilitation, and along with the restoration of economic activities on Manihiki Island, there have been significant improvements in the areas of social and environmental benefits through the restoration of water and sanitation facilities.

Contract awards of $0.5 million represented 62 percent of the semiannual target of $0.9 million and 39 percent of the annual target of $1.4 million. Disbursements of $0.4 million represented 85 percent of the semiannual projection of $0.5 million and 46 percent of the annual projection of $0.9 million. There were no disbursements from program loans. The disbursement ratio reached 15.7 percent, compared with the Bankwide average of 11.9 percent and 16.3 percent as of 30 June 1998, mainly because of the low undisbursed loan balance. Net resource transfer decreased from $0.6 million as of 30 June 1998 to $0.3 million due to the low disbursements and slight increase in the loan service payments.

Audited project accounts and financial statements due for four loans were complied with. The very good performance was due to continuous follow-up by the Bank and the RM.

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