|Project Name||Nauru Trust Fund|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|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|
|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|
|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|
|Description of Project Outputs||
Increased national self-reliance and autonomy
|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|
|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|
1. Trust Fund Expert - 5 person-months
2. Legal Expert - 2 person-months
1. Community Development Expert - 5 person-months
|Responsible ADB Officer||Lucich, Milovan Stephen|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||Pacific Liaison and Coordination Office in Sydney, Australia|
Ministry of Finance
Ministry of Finance Government Offices, Yaren District Republic of Nauru
|Concept Clearance||07 Aug 2008|
|Fact Finding||24 Oct 2008 to 28 Oct 2008|
|Approval||02 Dec 2008|
|Last Review Mission||-|
|PDS Creation Date||16 Jan 2009|
|Last PDS Update||15 Feb 2011|
|Approval||Signing Date||Effectivity Date||Closing|
|02 Dec 2008||-||02 Dec 2008||28 Feb 2010||31 Dec 2010||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|225,000.00||0.00||15,000.00||0.00||0.00||0.00||240,000.00||02 Dec 2008||98,517.45|
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