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Marshall Islands: Public Financial Management Project (additional financing)

Sovereign (Public) Project | 50295-002 Status: Active

The Asian Development Bank (ADB) is supporting the Government of the Marshall Islands through a project grant to strengthen public financial management (PFM). The additional financing will scale up and extend the benefits of the ongoing project by further helping the Ministry of Finance (MOF) to prioritize and implement reforms to strengthen PFM in line with the scope of the ongoing project. The outputs of the proposed additional financing will remain the same as the ongoing project: (i) the MOF's institutional capacity to implement the PFM Reform Roadmap strengthened, and (ii) the MOF's institutional capacity to implement SOE reforms strengthened.

Project Details

Project Officer
Ananya Basu Pacific Department Request for information
Country
  • Marshall Islands
Sector
  • Public sector management
 
Project Name Public Financial Management Project (additional financing)
Project Number 50295-002
Country Marshall Islands
Project Status Active
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0658-RMI: Public Financial Management Project (additional financing)
concessional ordinary capital resources lending / Asian Development Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Sector / Subsector

Public sector management / Public expenditure and fiscal management - Reforms of state owned enterprises

Gender Equity and Mainstreaming Some gender elements
Description The Asian Development Bank (ADB) is supporting the Government of the Marshall Islands through a project grant to strengthen public financial management (PFM). The additional financing will scale up and extend the benefits of the ongoing project by further helping the Ministry of Finance (MOF) to prioritize and implement reforms to strengthen PFM in line with the scope of the ongoing project. The outputs of the proposed additional financing will remain the same as the ongoing project: (i) the MOF's institutional capacity to implement the PFM Reform Roadmap strengthened, and (ii) the MOF's institutional capacity to implement SOE reforms strengthened.
Project Rationale and Linkage to Country/Regional Strategy

The rationale of the ongoing project remains valid. The RMI faces significant challenges stemming from its geographical remoteness and dispersion.

Exposure to external shocks and heavy reliance on development assistance compounds fragility. Economic provisions under the Compact of Free Association with the United States are slated to expire in 2023, and long-term fiscal sustainability amid substantially lower grant assistance inflows will be a major challenge. Weak PFM and inefficient state-owned enterprises (SOEs) are critical constraints to strengthening the fiscal position and improving strategic resource allocation.

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

The 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
Business Opportunities
Consulting Services

Accountant (Chart of Accounts Mapping) (One Individual International Consultant: 90

person-days based in Majuro)

Tax Expert (Legal) (One Individual International Consultant: 75 person-days based in Majuro)

Tax Expert (Technical) (One Individual International Consultant: 120 person-days based in Majuro)

Legal Expert for Fiscal Responsibility Legislation (One Individual International Consultant:

60 person-days based in Majuro)

Human Resources Expert (One Individual International Consultant: 40 person-days based in Majuro)

Procurement Nil.
Responsible ADB Officer Ananya Basu
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Ministry of Finance
P.O. Box D, Majuro
MH 96960
Republic of the Marshall Islands
Timetable
Concept Clearance -
Fact Finding -
MRM 24 Jul 2019
Approval 17 Sep 2019
Last Review Mission -
Last PDS Update 17 Sep 2019

Grant 0658-RMI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
17 Sep 2019 24 Sep 2019 26 Sep 2019 30 Jun 2021 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 0.50 Cumulative Contract Awards
ADB 0.50 17 Sep 2019 0.20 0.00 40%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 17 Sep 2019 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 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.

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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 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.

Tenders

Tender Title Type Status Posting Date Deadline
Tax Expert (Technical) Individual - Consulting Closed 29 Jul 2019 11 Aug 2019
Legal Advisor for Fiscal Responsibility Legislation Individual - Consulting Closed 29 Jul 2019 11 Aug 2019

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.