Project Data Sheet
Project 50295-003
Project Data Sheet
Project 50295-003
| Project Name | Public Financial Management Project (Second Additional Financing) | ||||
| Project Number | 50295-003 | ||||
| Country / Economy | Marshall Islands |
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| Project Status | Active | ||||
| Project Type / Modality of Assistance | Grant |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships |
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| Sector / Subsector | Public sector management / Public expenditure and fiscal management - Reforms of state owned enterprises |
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| Gender | Some gender elements | ||||
| Description | |||||
| 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 |
| Timetable | |
|---|---|
| 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 |
| Milestones | |||||
|---|---|---|---|---|---|
| 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 |