Nauru: Nauru Trust Fund

Sovereign Project | 42460-012

Summary

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Latest Project Documents

Title Document Date
Nauru Trust Fund Oct 2011

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Project Name Nauru Trust Fund
Project Number 42460-012
Country Nauru
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7183-NAU: Nauru Trust Fund
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Infrastructure finance and investment funds

Gender Equity and Mainstreaming No gender elements
Description tbd
Project Rationale and Linkage to Country/Regional Strategy The National Sustainable Development Strategy (NSDS) 2005-2025 that was prepared in consultation with a broad cross-section of the Nauru community provides the vision for Nauru s long term national goals. The NSDS is a milestone document that captured the people s vision as A future where all individual, community, business and government partnerships contribute to a sustainable quality of life for all Nauruans. The long term goals of NSDS are (i) a stable, trustworthy, fiscally responsible government; (ii) provision of enhanced social, infrastructure and utilities services; (iii) development of an economy based on multiple sources of revenue; (iv) rehabilitation of mined out lands for livelihood sustainability; and (v) development of domestic food production. It is notable that NSDS was selected as one of the successful capacity development exercises in the Pacific Capacity Development stud
Impact Establishment of a well managed Nauru Trust Fund on par with the Tuvalu Trust Fund
Project Outcome
Description of Outcome Nauru Trust Fund, Trust Fund Legislation and Trust deed
Progress Toward Outcome Draft prospectus approved by the PSC and a copy provided to the donors roundtable in NOV 2009. Draft frameworks approved by PSC and the caucus. Legislation is expected to be passed in the first half of 2011
Implementation Progress
Description of Project Outputs

Increased national self-reliance and autonomy

Good governance

Status of Implementation Progress (Outputs, Activities, and Issues) The major outputs of the TA were accomplished as at the original TA closing date of 28/02/2010. Government sought for an extension of the closing date in order to continue using the existing consultants' support for the next stage of work which is to invite and secure some treaty partners to become partners and financial contributors to the NTF. TA closing date has been extended to first quarter 2011. Inception and Midterm reports have been submitted and approved. The Final Report has been received.
Geographical Location South Pacific
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Discussions held with Government, development partners and civil society during country consultations missions
During Project Implementation Discussions held with Government, development partners and civil society (Nauru Island association of NGOs, Land Owners Association) during country consultations missions
Business Opportunities
Consulting Services

International Consultants:

1. Trust Fund Expert - 5 person-months

2. Legal Expert - 2 person-months

Local Consultant:

1. Community Development Expert - 5 person-months

Responsible ADB Officer Milovan Lucich
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Ministry of FinanceAdrian Chppendalesecretary.finance@naurugov.nrMinistry of Finance Government Offices, Yaren District Republic of Nauru
Timetable
Concept Clearance 07 Aug 2008
Fact Finding 24 Oct 2008 to 28 Oct 2008
MRM -
Approval 02 Dec 2008
Last Review Mission -
PDS Creation Date 16 Jan 2009
Last PDS Update 15 Feb 2011

TA 7183-NAU

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2008 - 02 Dec 2008 28 Feb 2010 31 Dec 2010 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 15,000.00 0.00 0.00 0.00 240,000.00 02 Dec 2008 98,517.45
Title Document Type Document Date
Nauru Trust Fund TA Completion Reports Oct 2011

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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