50212-001: Disaster Resilience Program | Asian Development Bank

Cook Islands: Disaster Resilience Program

Sovereign (Public) Project | 50212-001 Status: Active

The program will provide the Government of the Cook Islands rapid access to financing, contingent on a disaster affecting the country. Funds will be used to help meet short-term, post-disaster recovery needs. To establish eligibility to access the contingent financing, the government has undertaken prior policy actions that (i) clarify and implement policy and institutional arrangements for DRM, including the capacity for post-disaster response and recovery; (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing. Post-program monitoring will ensure continued progress toward attaining overall program goals.

Project Details

Project Officer
Veve, Emma M. Pacific Department Request for information
Country
  • Cook Islands
Modality
  • Loan
Sector
  • Public sector management
 
Project Name Disaster Resilience Program
Project Number 50212-001
Country Cook Islands
Project Status Active
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3479-COO: Disaster Resilience Program
Ordinary capital resources US$ 10.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Sector / Subsector

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Some gender elements
Description The program will provide the Government of the Cook Islands rapid access to financing, contingent on a disaster affecting the country. Funds will be used to help meet short-term, post-disaster recovery needs. To establish eligibility to access the contingent financing, the government has undertaken prior policy actions that (i) clarify and implement policy and institutional arrangements for DRM, including the capacity for post-disaster response and recovery; (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing. Post-program monitoring will ensure continued progress toward attaining overall program goals.
Project Rationale and Linkage to Country/Regional Strategy The Government of the Cook Islands requested financial assistance from the Asian Development Bank (ADB) for the Disaster Resilience Program to help better manage the fiscal risk arising from disasters. A policy-based loan with withdrawal deferred until the occurrence of a disaster triggered by a natural hazard was requested to enable the government to rapidly access critical fiscal resources.
Impact

Resilience to combat the impacts of climate change and natural disasters strengthened

Resilient infrastructure and ICT built

Project Outcome
Description of Outcome Adverse economic and social impacts of disaster events reduced.
Progress Toward Outcome Outcome indicators will be measured upon program completion in 2020.
Implementation Progress
Description of Project Outputs

Strategic investments to improve disaster resilience sustained

Disaster risk financing expanded

Disaster preparedness strengthened

Status of Implementation Progress (Outputs, Activities, and Issues)

To be assessed later.

To be assessed later.

To be assessed later.

Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects

Project Team Comments: The proposed single-tranche stand-alone policy-based loan is linked to government initiatives designed to increase disaster resilience. Agreed policy actions are specified in the program policy matrix supporting and monitoring progress towards achieving these DRM goals. This will ensure immediate access to a pool of resources enabling government to initiate immediate relief and recovery efforts in the event of a natural disaster. The environment categorization is proposed as C, because the program does not trigger the safeguard policies for the environment, as loan proceeds are not earmarked for physical projects.

SDES Comments: Based on confirmation that the loan proceeds are not earmarked for any physical project, the proposed category 'C' agreed for environment.

Involuntary Resettlement Project Team Comments: The proposed single-tranche stand-alone policy-based loan is linked to government initiatives designed to increase disaster resilience. Agreed policy actions are specified in the program policy matrix supporting and monitoring progress towards achieving these DRM goals. This will ensure immediate access to a pool of resources enabling government to initiate immediate relief and recovery efforts in the event of a natural disaster. Land acquisition will not be required and there will be no economic displacement as a result of the policy-based loan program.
Indigenous Peoples Project Team Comments: The proposed single-tranche stand-alone policy-based loan is linked to government initiatives designed to increase disaster resilience. Agreed policy actions are specified in the program policy matrix supporting and monitoring progress towards achieving these disaster risk management goals. This will ensure immediate access to a pool of resources enabling government to initiate immediate relief and recovery efforts in the event of a natural disaster. The project is categorized C for IPs as it is not expected to impact any distinct and vulnerable people.
Stakeholder Communication, Participation, and Consultation
During Project Design The Disaster Risk Management (DRM) will build on the substantial dialogue that the government has already established down to the community level, and will support continued participation across society.
During Project Implementation Stakeholder dialogue will continue during program implementation.
Business Opportunities
Consulting Services Not required.
Procurement Not required.
Responsible ADB Officer Veve, Emma M.
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Ministry of Finance & Economic Management
PO box 120
Cook Islands
Timetable
Concept Clearance 31 Aug 2016
Fact Finding 08 Aug 2016 to 12 Aug 2016
MRM 30 Sep 2016
Approval 02 Dec 2016
Last Review Mission -
Last PDS Update 20 Sep 2017

Loan 3479-COO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Dec 2016 09 Dec 2016 06 Feb 2017 30 Jun 2020 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 10.00 Cumulative Contract Awards
ADB 10.00 02 Dec 2016 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 02 Dec 2016 0.00 0.00 0%

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 Public Communications Policy (PCP) 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.

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Title Document Type Document Date
Loan Agreement (Ordinary Operations) for Loan 3479-COO: Disaster Resilience Program Loan Agreement (Ordinary Resources) Dec 2016
Disaster Resilience Program: Report and Recommendation of the President Reports and Recommendations of the President Nov 2016
Disaster Resilience Program: Concept Paper Concept Papers Aug 2016

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

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) 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.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.