The Asian Development Bank is working with Tuvalu to strengthen the government’s finances and improve the delivery of public services. The program is helping to develop public procurement policies, increase government efficiency, boost transparency, and create a level playing field for those seeking contracts with the government.
| Project Name | Strengthened Fiscal Sustainability Program | ||||||||||||
| Project Number | 47318-001 | ||||||||||||
| Country | Tuvalu |
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| Project Status | Closed | ||||||||||||
| 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 | Governance and capacity development Partnerships Private sector development |
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| Sector / Subsector | Public sector management / Public expenditure and fiscal management - Reforms of state owned enterprises |
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| Gender Equity and Mainstreaming | No gender elements | ||||||||||||
| Description | |||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||||||||||
| Impact | The project is aligned with Tuvalu's National Strategy for Sustainable Development, 2005 2015 (Te Kakeega II) objectives of good governance, macroeconomic growth, and stability by (i) improving procurement practices so public expenditure is more transparent and better managed, (ii) sustaining the value of the fiscal buffer to guard against external shocks, and (iii) improving the performance of public enterprises and reducing the financial drain on the government budget. | ||||||||||||
| Project Outcome | |
|---|---|
| Description of Outcome | Sustainable fiscal position |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | 1. Public procurement practices strengthened 2. Fiscal buffer sustained 3. Commercial basis for public enterprises and private sector development 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 | The program has no adverse impact on the environment. |
| Involuntary Resettlement | The program has no impact on involuntary resettlement. |
| Indigenous Peoples | The program has no impact on indigenous people. |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | The Ministry of Finance and Economic Development (MFED), as the executing agency, oversaw timely implementation of the agreed policy actions by the implementing agencies, and is responsible for program administration, disbursements, and maintaining all records. The MFED, through the CPU, was the implementing agency for output 1. The MFED, through the Public Enterprise Monitoring Unit, (i) implemented output 2.1; (ii) acted as the joint implementing agency with the Ministry of Foreign Affairs, Environment, Trade, Labor and Tourism for output 2.2; and (iii) acted as the joint implementing agency with the Ministry of Public Utilities for output 2.3. The MFED was the sole implementing agency for output 3. Ongoing TA (footnote 13) helped the government fulfill program conditions. ADB and other development partners supporting the PRM process agreed to a high-level coordination and monitoring mechanism comprising members of the TTF advisory committee representatives of the governments of Tuvalu, Australia, and New Zealand who will monitor the implementation progress of the PRM. |
| During Project Implementation | Implementation period. The program is being implemented from 1 August 2014 to 30 October 2015, consistent with the government's medium-term fiscal framework and budget cycle. Procurement and disbursement. The proceeds of the grant will be disbursed in accordance with ADB's simplification of disbursement procedures and related requirements for policy-based grants. The proceeds will be used to finance the foreign exchange cost of items produced and procured in ADB member countries, excluding items included in a list of ineligible items and imports financed by other bilateral and multilateral sources. Grant proceeds disbursed against imports will require a certificate from the government stipulating that the value of the total imports of Tuvalu, minus its imports from nonmember countries, ineligible imports, and imports financed under other official development assistance, is greater than the amount of the grant expected to be disbursed during a particular year. ADB will have the right to audit the use of the grant proceeds and to verify the accuracy of the government's certification. |
| Responsible ADB Officer | Olsson, Sivou Beatrice |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | Pacific Subregional Office in Suva, Fiji |
| Executing Agencies |
Ministry of Finance (formerly Ministry of Finance and Economic Development) [email protected] Vaiaku, Funafuti, Tuvalu Ministry of Finance (formerly Ministry of Finance and Economic Development) Vaiaku, Funafuti, Tuvalu |
| Timetable | |
|---|---|
| Concept Clearance | 19 Jul 2015 |
| Fact Finding | 11 Jun 2015 to 18 Jun 2015 |
| MRM | 31 Jul 2015 |
| Approval | 30 Sep 2015 |
| Last Review Mission | - |
| Last PDS Update | 14 Oct 2015 |
Grant 0442-TUV
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 30 Sep 2015 | 09 Oct 2015 | 19 Oct 2015 | 30 Oct 2015 | - | 24 Nov 2015 |
| Financing Plan | Grant Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 7.00 | Cumulative Contract Awards | |||
| ADB | 4.00 | 30 Sep 2015 | 2.00 | 0.00 | 100% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 3.00 | 30 Sep 2015 | 2.00 | 0.00 | 100% |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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| Title | Document Type | Document Date |
|---|---|---|
| Strengthened Fiscal Sustainability Program: Program Completion Report | Project/Program Completion Reports | Mar 2017 |
| Grant Agreement (Special Operations) for Grant 0442-TUV: Strengthened Fiscal Sustainability Program | Grant Agreement | Oct 2015 |
| Strengthened Fiscal Sustainability Program: Report and Recommendation of the President | Reports and Recommendations of the President | Sep 2015 |
| Strengthened Fiscal Sustainability Program: Concept Paper | Concept Papers | Jul 2015 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
| Title | Document Type | Document Date |
|---|---|---|
| Tuvalu: Strengthened Fiscal Sustainability Program | Validations of Project Completion Reports | Dec 2017 |
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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ADB Provides $2 Million Grant to Boost Tuvalu’s Fiscal Sustainability
FUNAFUTI, TUVALU – The Asian Development Bank (ADB) has approved a $2 million grant to support a policy reform program that aims to strengthen the fiscal sustainability of Tuvalu, one of the world’s smallest and most vulnerable countries.
Tenders
No tenders for this project were found.
Contracts Awarded
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Procurement Plan
None currently available.