Palau : Recovery through Improved Systems and Expenditure Support Program (Subprogram 1)

Sovereign Project | 54284-001

Project Name
Recovery through Improved Systems and Expenditure Support Program (Subprogram 1)
Project Number
54284-001
Country / Economy
  • Palau
Project Status
Closed
Project Type / Modality of Assistance
  • Loan
Source of Funding / Amount
Loan 4063-PAL: Recovery through Improved Systems and Expenditure Support Program (Subprogram 1)
Source Amount
Ordinary capital resources US$ 5.00 million
Loan 4064-PAL: Recovery through Improved Systems and Expenditure Support Program (Subprogram 1)
Source Amount
Concessional ordinary capital resources lending US$ 20.00 million
Operational Priorities
  • OP2: Accelerating progress in gender equality
  • OP6: Strengthening governance and institutional capacity
Sector / Subsector
  • Public sector management / Economic affairs management - Public expenditure and fiscal management

Gender
Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Quality of life for current and future generations of Palauans enhanced

Project Outcome

Description of Outcome

Palau's economic recovery from the COVID-19 crisis shifted toward a more sustainable fiscal path

Progress Toward Outcome

Implementation Progress

Description of Project Outputs

Policy and legislative framework for public financial management strengthened

Fiscal risks from weak management of public revenue, expenditure, and liabilities reduced

Private sector development supported

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

Contact

Responsible ADB Officer
Rabanal, Rommel F.
Responsible ADB Department
Pacific Department
Responsible ADB Division
Social Sectors and Public Sector Management Division
Executing Agencies
Ministry of Finance

Timetable

Concept Clearance
10 Dec 2020
Fact Finding
07 Dec 2020 to 11 Feb 2021
MRM
19 Feb 2021
Approval
23 Apr 2021
Last Review Mission
-
Last PDS Update
28 Apr 2021

Funding

Loan 4063-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
23 Apr 2021 17 May 2021 07 Jul 2021 31 Jul 2021 30 Sep 2021 30 Sep 2021
Financing Plan
  Total (Amount in US$ million)
Project Cost 5.00
ADB 5.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 17 Jun 2022 5.00 0.00 100%
Cumulative Disbursements 17 Jun 2022 5.00 0.00 100%

Loan 4064-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
23 Apr 2021 17 May 2021 07 Jul 2021 31 Jul 2021 30 Sep 2021 30 Sep 2021
Financing Plan
  Total (Amount in US$ million)
Project Cost 20.00
ADB 20.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 17 Jun 2022 20.00 0.00 100%
Cumulative Disbursements 17 Jun 2022 20.00 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.

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.


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

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.