Marshall Islands : Public Financial Management Project (additional financing)
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
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Project Officer
Ananya Basu
Pacific Department
Request for information -
Country/Economy
Marshall Islands -
Sector
- Public sector management
| Project Name | Public Financial Management Project (additional financing) | ||||
| Project Number | 50295-002 | ||||
| Country / Economy | Marshall Islands |
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| Project Status | Active | ||||
| 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 | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships |
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| Sector / Subsector | Public sector management / Public expenditure and fiscal management - Reforms of state owned enterprises |
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| Gender | 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. |
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| 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.
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 |
|---|---|---|
| Grant Agreement (Special Operations) for Grant 0658-RMI: Public Financial Management Project - Additional Financing | Grant Agreement | Sep 2019 |
| Public Financial Management Project (Additional Financing): Report and Recommendation of the President | Reports and Recommendations of the President | Aug 2019 |
| Public Financial Management Project (Additional Financing): Project Administration Manual | Project/Program Administration Manual | Jul 2019 |
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 | ||
| Legal Advisor for Fiscal Responsibility Legislation | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.