Samoa: Policy-Based Grant for Public Sector Financial Management

24 September 2013 - The Asian Development Bank (ADB) has agreed to provide $14 million from its Asian Development Fund to support further improvements to public sector financial management in Samoa and strengthen its resilience to exogenous shocks.

Description:

This funding builds on previous government efforts to improve public sector financial management and will focus on improving state-owned enterprise performance by reforming corporate governance; improving public financial management systems through strengthening internal audit processes. This tranched financing will support improved public debt management, through a medium-term debt management reform plan. A final focus of the funding is to aid recovery and strengthen resilience to natural disasters in the form of a town plan for Apia incorporating suitable zoning in floodplain areas and disaster risk reduction elements in all new construction.

Amount: $14 million from the concessional Asian Development Fund.

Project ID: 46384-001