Samoa: Strengthening Macroeconomic Resilience Program (Subprogram 1)
The program will help the Government of Samoa implement reforms to restore fiscally sustainable growth led by the private sector, which has been adversely affected by the coronavirus disease (COVID-19) pandemic. The program will (i) strengthen macro-fiscal resilience through better planning, targeting of reforms, and management of state-owned enterprise financing and risks; (ii) support inclusive private sector growth through improved labor market protections, business regulation, and management of foreign investment; and (iii) enhance financial market development and financial inclusion through improved planning, regulation, and transparency.
Project Details
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Project Officer
Webb, James M.
Pacific Department
Request for information -
Approval Date
11 November 2022 -
Country/Economy
Samoa -
Sector
- Public sector management
| Project Name | Strengthening Macroeconomic Resilience Program (Subprogram 1) | ||||||||||||
| Project Number | 54054-001 | ||||||||||||
| Country / Economy | Samoa |
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| Project Status | Approved | ||||||||||||
| Project Type / Modality of Assistance | Grant |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships Private sector development |
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| Sector / Subsector |
Finance / Finance sector development Public sector management / Economic affairs management - Public expenditure and fiscal management |
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| Gender Equity and Mainstreaming | Some gender elements | ||||||||||||
| Description | The program will help the Government of Samoa implement reforms to restore fiscally sustainable growth led by the private sector, which has been adversely affected by the coronavirus disease (COVID-19) pandemic. The program will (i) strengthen macro-fiscal resilience through better planning, targeting of reforms, and management of state-owned enterprise financing and risks; (ii) support inclusive private sector growth through improved labor market protections, business regulation, and management of foreign investment; and (iii) enhance financial market development and financial inclusion through improved planning, regulation, and transparency. The program will be financed through two policy-based grants of $7.5 million each, to be implemented during fiscal year (FY) 2023 and FY2024. The program builds on reforms supported by previous Asian Development Bank (ADB) programs and financial support provided for COVID-19 response._The program was developed in collaboration with the World Bank and the governments of Australia and New Zealand, and in regular consultation with the International Monetary Fund (IMF). |
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| Project Rationale and Linkage to Country/Regional Strategy | The program is aligned with the government's development objective of empowering communities, building resilience, and inspiring growth. The program will support an inclusive fiscal and private sector recovery in Samoa from the impacts of COVID-19. Both subprograms will contribute to this outcome through sequenced policy actions that will support the government reform program. | ||||||||||||
| Impact | |||||||||||||
| Project Outcome | |
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| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| 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 | |
| Responsible ADB Officer | Webb, James M. |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | PASP |
| Executing Agencies |
Ministry of Finance |
| Timetable | |
|---|---|
| Concept Clearance | 08 Jul 2022 |
| Fact Finding | 06 Jul 2022 to 12 Aug 2022 |
| MRM | 01 Sep 2022 |
| Approval | 11 Nov 2022 |
| Last Review Mission | - |
| Last PDS Update | 16 Nov 2022 |
Grant 0862-SAM
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 11 Nov 2022 | 22 Nov 2022 | 01 Dec 2022 | 31 Mar 2023 | - | - |
| Financing Plan | Grant Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 7.50 | Cumulative Contract Awards | |||
| ADB | 7.50 | 28 Nov 2022 | 0.00 | 0.00 | 0% |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 28 Nov 2022 | 7.50 | 0.00 | 100% |
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 |
|---|---|---|
| Grant Agreement (Special Operations) for Grant 0862-SAM: Strengthening Macroeconomic Resilience Program (Subprogram 1) | Grant Agreement | Nov 2022 |
| Strengthening Macroeconomic Resilience Program (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | Oct 2022 |
| Strengthening Macroeconomic Resilience Program (Subprogram 1): Concept Paper | Concept Papers | Jul 2022 |
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.
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ADB Approves $7.5 Million Grant to Help Samoa Recover from COVID-19
ADB has approved a $7.5 million policy-based grant to help the Samoan economy rebound from the COVID-19 pandemic through Subprogram 1 of the ADB-supported Strengthening Macroeconomic Resilience Program.
Tenders
No tenders for this project were found.
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.