| Financier | Commitments |
|---|---|
| Borrower/Recipient | 0.15 |
| IDA Grant | 1.50 |
PACIFIC RESILIENCE PROJECT UNDER PACIFIC RESILIENCE PROGRAM
Abstract*
The projects under the Pacific Resilience Program cover the activities in the following areas: Tonga, Marshall Islands, Vanuatu, Secretariat of the Pacific Community, and Pacific Islands Forum Secretariat. The objective for Tonga (P154840) is to strengthen early warning, resilient investments and financial protection of Tonga. The program components are: Strengthening Early Warning and Preparedness; Risk Reduction and Resilient Investments; Disaster... Show More
Development Objective
To strengthen the financial protection of the Republic of the Marshall Islands from natural disasters.
Key Details
Project Details
P155257
Closed
Artessa Saldivar-Sali
Republic of the Marshall Islands
May 14, 2015
(as of board presentation)
June 19, 2015
October 15, 2015
US$ 1.65 million
Ministry of Finance, Banking and Postal Services
2015
US$ 1.50 million
B
May 20, 2024
January 15, 2020
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 1.50 |
| IBRD + IDA Commitment | 1.50 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 1.65 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Oct 23, 2015 | IDA-D0790 | Loan Disb | 500,000.00 |
| Oct 12, 2016 | IDA-D0790 | Loan Disb | 500,000.00 |
| Nov 9, 2017 | IDA-D0790 | Loan Disb | 500,000.00 |
| Jan 23, 2019 | IDA-D3770 | Loan Disb | 500,000.00 |
| Sep 27, 2018 | IDA-D3770 | Loan Commitment | 2,500,000.00 |
| Dec 30, 2019 | IDA-D0790 | Loan Cancel | 33,785.68 |
| Dec 30, 2019 | IDA-D3770 | Loan Cancel | 1,992,469.90 |
| Jun 19, 2015 | IDA-D0790 | Loan Commitment | 1,500,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Counterpart Funding | Satisfactory | 2019-08-23 |
| Project Management | Satisfactory | 2019-08-23 |
| Overall Implementation Progress (IP) | Satisfactory | 2019-08-23 |
| Progress towards achievement of PDO | Satisfactory | 2019-08-23 |
| Procurement | Satisfactory | 2019-08-23 |
| Financial Management | Satisfactory | 2019-08-23 |
| Monitoring and Evaluation | Satisfactory | 2019-08-23 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-07-2020 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 10-12-2020 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | Not Rated | N/a |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | Substantial | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Participating PICs have received payment within a month of the occurrence of a covered (insured) event. Value 0.00 100.00 0.00 Date June 19, 2015 January 15, 2020 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
The premiums are lower than the simulated price for a comparable coverage purchased individually in the market. Value No Yes Date August 6, 2015 January 15, 2020 Comment