Nauru: Fiscal Sustainability Reform Program
The proposed program amount is $3.8 million, comprising $2 million from ADB's special funds resources and $1.8 million in direct cofinancing from the Government of Australia. The program amount is, together with parallel cofinancing by the governments of Nauru ($14.6 million) and Taipei,China ($2.5 million equivalent), commensurate with development financing needs and is included in the government's medium-term budget estimates. The entire program amount will be used as seed financing for the new Intergeneration Trust Fund (NTF).
Project Details
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Project Officer
Everett, Hayden B.
Pacific Department
Request for information -
Country/Economy
Nauru -
Modality
- Grant
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Sector
- Public sector management
Project Name | Fiscal Sustainability Reform Program | ||||||||
Project Number | 48478-001 | ||||||||
Country / Economy | Nauru |
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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 Knowledge solutions Partnerships Private sector development |
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Sector / Subsector | Public sector management / Public administration |
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Gender Equity and Mainstreaming | No gender elements | ||||||||
Description | The proposed program amount is $3.8 million, comprising $2 million from ADB's special funds resources and $1.8 million in direct cofinancing from the Government of Australia. The program amount is, together with parallel cofinancing by the governments of Nauru ($14.6 million) and Taipei,China ($2.5 million equivalent), commensurate with development financing needs and is included in the government's medium-term budget estimates. The entire program amount will be used as seed financing for the new Intergeneration Trust Fund (NTF). | ||||||||
Project Rationale and Linkage to Country/Regional Strategy | 1. The proposed Fiscal Sustainability Reform Program is the latest in a series of program grants and technical assistance (TA) operations of the Asian Development Bank (ADB) and other development partners designed to support the Government of Nauru's efforts to achieve fiscal sustainability. The main feature of the program is the establishment of the Nauru Intergenerational Trust Fund (NTF). This will be complemented by reforms to improve public financial management (PFM) and efficient delivery of power and water services.
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Impact | The project is aligned with Nauru's National Sustainable Development Strategy, 2005 2025 objectives: 1. A stable, trustworthy, fiscally responsible government. 2. Provision of enhanced social, infrastructure, and utilities services. 3. Development of an economy based on multiple sources of revenue. |
Project Outcome | |
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Description of Outcome | The Government of Nauru improves its fiscal sustainability |
Progress Toward Outcome | Program grant was disbursed in August 2016 following achievement of all policy conditions. |
Implementation Progress | |
Description of Project Outputs | 3. Improved funding mechanism for future service delivery 2. Efficient service delivery by the National Utility Corporation (NUC) 1. Improved public financial management |
Status of Implementation Progress (Outputs, Activities, and Issues) | Program grant was disbursed in August 2016 following achievement of all policy conditions. |
Geographical Location | Nation-wide |
Safeguard Categories | |
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Environment | C |
Involuntary Resettlement | C |
Indigenous Peoples | C |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | no major impact |
Involuntary Resettlement | no major impact |
Indigenous Peoples | no major impact/no accessment |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | The Nauru Government, Nauru Utilites Corporation (NUC), and co-financing partners (Government of Australia and Government of Taipei,China) were consulted. |
During Project Implementation | The Nauru Government, Nauru Utilites Corporation (NUC), and co-financing partners (Government of Australia and Government of Taipei,China) will be consulted. |
Responsible ADB Officer | Everett, Hayden B. |
Responsible ADB Department | Pacific Department |
Responsible ADB Division | Pacific Liaison and Coordination Office in Sydney, Australia |
Executing Agencies |
Department of Finance [email protected] Government Offices, Yaren District, Republic of Nauru, Department of Finance Government Offices, Yaren District, Republic of Nauru, |
Timetable | |
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Concept Clearance | 02 Oct 2015 |
Fact Finding | 26 Oct 2015 to 30 Oct 2015 |
MRM | 08 Jan 2016 |
Approval | 28 Apr 2016 |
Last Review Mission | - |
Last PDS Update | 04 Oct 2016 |
Grant 0473-NAU
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
21 Mar 2016 | 01 May 2016 | 08 Jun 2016 | 30 Jun 2016 | 30 Sep 2016 | 01 Dec 2016 |
Financing Plan | Grant Utilization | ||||
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Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
Project Cost | 2.00 | Cumulative Contract Awards | |||
ADB | 2.00 | 17 Jun 2022 | 2.00 | 0.00 | 100% |
Counterpart | 0.00 | Cumulative Disbursements | |||
Cofinancing | 0.00 | 17 Jun 2022 | 2.00 | 0.00 | 100% |
Grant 0474-NAU
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
28 Apr 2016 | 01 May 2016 | 08 Jun 2016 | 30 Jun 2016 | 30 Sep 2016 | 01 Dec 2016 |
Financing Plan | Grant Utilization | ||||
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Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
Project Cost | 1.89 | Cumulative Contract Awards | |||
ADB | 0.00 | 17 Jun 2022 | 0.00 | 1.83 | 97% |
Counterpart | 0.00 | Cumulative Disbursements | |||
Cofinancing | 1.89 | 17 Jun 2022 | 0.00 | 1.83 | 97% |
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.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Title | Document Type | Document Date |
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Fiscal Sustainability Reform Program: Program Completion Report | Project/Program Completion Reports | Jul 2017 |
Grant Agreement (Special Operations) for Grant 0473-NAU: Fiscal Sustainability Reform Program | Grant Agreement | May 2016 |
Grant Agreement (Externally Financed) for Grant 0474-NAU: Fiscal Sustainability Reform Program | Grant Agreement | May 2016 |
Fiscal Sustainability Reform Program: Report and Recommendation of the President | Reports and Recommendations of the President | Feb 2016 |
Fiscal Sustainability Reform Program: Concept Paper | Concept Papers | Oct 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 |
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Nauru: Fiscal Sustainability Reform Program | Validations of Project Completion Reports | Oct 2018 |
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, Australia Grants to Help Nauru Strengthen Fiscal Sustainability
ADB and Australia are providing $3.8 million in grants to help Nauru strengthen its fiscal sustainability by building on earlier reforms in public financial management, state-owned enterprises, and fiscal policy management.
Tenders
No tenders for this project were found.
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.