Economic Recovery Support Program - Subprogram 2

Date: October 2011
Country:
Subject:
Document Type: Reports and Recommendations of the President
Project Number: 43191-023

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Description

The report and recommendation of the president for the proposed subprogram 2 of the Economic Recovery Support Program (ERSP) in Samoa describes the terms and conditions for the approval of the Board of Directors of ADB.

The Samoa ERSP is a program cluster of two subprogram loans totaling $26.82 million. The ERSP cluster aims to assist Samoa’s economic recovery and movement to a higher medium-term growth rate, following the double impact of the global economic crisis and the September 2009 tsunami. Subprogram 2 of the program cluster will support improved fiscal management and structural measures that will help place the economy on a sustainable medium-term growth path. Budget support will finance the fiscal deficit to enable raised levels of capital spending over the medium term. This will be complemented by measures that enable targeting of services to protect the vulnerable and by engagement with key stakeholders.