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Palau: Disaster Resilience Program

Sovereign (Public) Project | 52018-001 Status: Active

The Government of Palau has 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 single-tranche standalone policy-based loan (PBL) has been requested to enable the government to rapidly access critical fiscal resources in the event of a natural disaster. Withdrawal will be deferred until the occurrence of a disaster triggered by a natural hazard, and funds will be used to help meet short-term post-disaster recovery needs. The proposed PBL will support the government's continuing efforts to improve disaster resilience through a series of reform initiatives. To establish eligibility to access the contingent financing, the government has undertaken prior policy actions that (i) strengthen institutional arrangements for disaster risk management (DRM); (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing

Project Details

Project Officer
Ananya Basu Pacific Department Request for information
Country
  • Palau
Sector
  • Public sector management
 
Project Name Disaster Resilience Program
Project Number 52018-001
Country Palau
Project Status Active
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 3725-PAL: Disaster Resilience Program
Ordinary capital resources US$ 15.00 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 Effective gender mainstreaming
Description The Government of Palau has 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 single-tranche standalone policy-based loan (PBL) has been requested to enable the government to rapidly access critical fiscal resources in the event of a natural disaster. Withdrawal will be deferred until the occurrence of a disaster triggered by a natural hazard, and funds will be used to help meet short-term post-disaster recovery needs. The proposed PBL will support the government's continuing efforts to improve disaster resilience through a series of reform initiatives. To establish eligibility to access the contingent financing, the government has undertaken prior policy actions that (i) strengthen institutional arrangements for disaster risk management (DRM); (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing
Project Rationale and Linkage to Country/Regional Strategy The proposed PBL will provide Palau with immediate access to resources that will enable the government to initiate recovery and reconstruction efforts with minimum delay, mitigating the disaster's immediate economic and social impact. The overall program is aligned with the following impact: safety, resilience and preparedness of communities in Palau enhanced. The program will contribute to the implementation of the amended National Disaster Risk Management Framework, and strengthen DRM at national and local levels. Specific reform actions will further (i) strengthen institutional arrangements for DRM; (ii) improve the disaster resilience of physical assets; and (iii) expand disaster risk financing.
Impact Safety, resilience, and preparedness of communities in Palau enhanced
Project Outcome
Description of Outcome Disaster risk management strengthened
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Policies and institutions for disaster and climate resilience

Climate risk management and DRM capacity and infrastructure

Financing for climate risk management and DRM

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 No impact
Involuntary Resettlement No impact
Indigenous Peoples No impact
Stakeholder Communication, Participation, and Consultation
During Project Design Information sharing.
During Project Implementation
Responsible ADB Officer Ananya Basu
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Ministry of Finance
3rd Floor, Executive Bldg, ROP Capitol
Ngerulmud, Melekeok State,P.O. Box 6011
Koror, PW 96940, Republic of Palau
Timetable
Concept Clearance 17 Apr 2018
Fact Finding 05 Jun 2018 to 08 Jun 2018
MRM 14 Aug 2018
Approval 15 Oct 2018
Last Review Mission -
Last PDS Update 12 Jun 2019

Loan 3725-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
15 Oct 2018 17 Oct 2018 11 Feb 2019 31 Dec 2021 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 15.00 Cumulative Contract Awards
ADB 15.00 15 Oct 2018 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 15 Oct 2018 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.

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Title Document Type Document Date
Loan Agreement (Ordinary Operations) for Loan 3725-PAL: Disaster Resilience Program Loan Agreement (Ordinary Resources) Oct 2018
Disaster Resilience Program: Report and Recommendation of the President Reports and Recommendations of the President Sep 2018
Disaster Resilience Program: Concept Paper Concept Papers Apr 2018
Disaster Resilience Program: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Apr 2018

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.


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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.