Project Name Public Financial Management Project (Second Additional Financing)
Project Number 50295-003
Country / Economy Marshall Islands
Project Status Active
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0795-RMI: Public Financial Management Project (Second Additional Financing)
Asian Development Fund US$ 2.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Sector / Subsector

Public sector management / Public expenditure and fiscal management - Reforms of state owned enterprises

Gender Some gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact More effective governance achieved
Project Outcome
Description of Outcome Public financial management improved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

The MOF's institutional capacity to implement the PFM Reform Roadmap strengthened

MOF's institutional capacity to implement SOE reforms strengthened

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Rabanal, Rommel F.
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Ministry of Finance
[email protected]
P.O. Box D, Majuro
MH 96960
Republic of the Marshall Islands
Ministry of Finance
P.O. Box D, Majuro
MH 96960
Republic of the Marshall Islands
Concept Clearance 20 Apr 2021
Fact Finding 20 Apr 2021 to 31 May 2021
MRM 01 Jun 2021
Approval 30 Jul 2021
Last Review Mission -
Last PDS Update 30 Jul 2021

Grant 0795-RMI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Jul 2021 06 Aug 2021 27 Aug 2021 31 Dec 2024 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 2.30 Cumulative Contract Awards
ADB 2.00 18 Nov 2021 1.82 0.00 91%
Counterpart 0.30 Cumulative Disbursements
Cofinancing 0.00 18 Nov 2021 0.00 0.00 0%
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating - Satisfactory - Satisfactory - Satisfactory
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