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p. 29 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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Samoa

There was only one ongoing loan with no loans approved or closed during the period. The loan, which became effective in 1998, was rated as satisfactory in terms of both implementation progress and achievement of development objectives, but the risks in the Government's ability to meet counterpart-staffing requirements were apparent. Overall, implementation of the Financial Sector Program loan is progressing reasonably well and the Government remains committed to the reform program. There is potential for delays, however, in the divestment of state-owned enterprises; this is a key condition for release of the second tranche scheduled for February 2000. The administration of the loan was returned to HQ due to the absence of a financial sector specialist in the RM. No changes in project scope or implementation arrangements took place during the period.

No contract awards and commitments and disbursements were projected or achieved for the period, resulting in a nil disbursement ratio compared with 16.7 percent as of 30 June 1998. The net resource transfer also decreased from $0.3 million as of 30 June 1998 to a negative $1.0 as of 30 June 1999.

Submission of audited project accounts and financial statements for the loan was not required. The environmental and social covenants did not apply to the loan. Tables 65 and 66 summarize the data for Samoa.

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