Fiji Recovery and Resilience First Development Policy Operation with a Catastrophe-Deferred Drawdown Option

Abstract*

The development objectives of the Recovery and Resilience First Development Policy Operation with a Catastrophe-Deferred Drawdown Option in Fiji are to: i) promote private sector-led economic recovery; ii) enhance climate, disaster, and social resilience; and iii) strengthen debt and public financial management. The development policy operation supports the Government’s efforts to address short- and long-term challenges associated with climate and... Show More

Development Objective

The development objective is to: i) promote private sector-led economic recovery; ii) enhance climate, disaster and social resilience; and iii) strengthen debt and public financial management.

Key Details

Project Details

Project ID
P173558
Status
Active
Team Leader
Mehwish Ashraf , Simone Esler
Borrower 2
Republic of Fiji

Country
Fiji
Disclosure Date
October 20, 2020
Approval Date
(as of board presentation)
March 25, 2021
Effective Date
April 29, 2021

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance
Region
East Asia and Pacific
Fiscal Year 3
2021

Commitment Amount
US$ 145.00 million
Environmental Category
N/A
Last Update Date
October 19, 2023
Closing Date
March 24, 2027

Last Stage Reached
BANK APPROVED

Associated Projects
P175543

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change25%
- FY17 - Adaptation25%
FY17 - Environmental Health and Pollution Management14%
FY17 - Renewable Natural Resources Asset Management14%
- FY17 - Biodiversity14%
- FY17 - Coastal Zone Management14%
- FY17 - Fisheries Policies and institutions14%

FY17 - Finance

FY17 - Finance for Development14%
- FY17 - Infrastructure Finance14%
FY17 - Financial Infrastructure and Access14%
- FY17 - Payment & markets infrastructure14%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Gender28%

FY17 - Private Sector Development

FY17 - Jobs14%
- FY17 - Job Creation14%

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building14%
- FY17 - Data production, accessibility and use14%
- FY17 - Institutional strengthening and capacity building14%
FY17 - Public Administration14%
- FY17 - Transparency, Accountability and Good Governance14%
FY17 - Public Finance Management28%
- FY17 - Debt Management28%
- FY17 - Public Expenditure Management14%

FY17 - Social Development and Protection

FY17 - Social Protection14%
- FY17 - Social Safety Nets14%
- FY17 - Social protection delivery systems14%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management28%
- FY17 - Disaster Risk Reduction14%
- FY17 - Flood and Drought Risk Management14%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	25.00
IDA Credit	120.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	25.00
IDA Commitment	120.00
IBRD + IDA Commitment	145.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 15, 2022	IBRD-92110	Int Charges	237,562.50
Feb 15, 2022	IBRD-92110	Int Charges	154,611.10
Aug 15, 2021	IBRD-92110	Int Charges	91,731.03
May 3, 2021	IBRD-92110	Loan Disb	24,937,500.00
Apr 29, 2021	IBRD-92110	Loan Disb	62,500.00
Apr 29, 2021	IBRD-92110	Fee Charges	62,500.00
Feb 15, 2024	IBRD-92110	Int Charges	872,859.00
Aug 15, 2024	IBRD-92110	Int Charges	863,335.10
Aug 15, 2024	IBRD-92110	Int Charges	4,594.46
Mar 25, 2021	IDA-68420	Loan Commitment	10,000,000.00
Mar 25, 2021	IDA-68430	Loan Commitment	110,000,000.00
Mar 25, 2021	IBRD-92110	Loan Commitment	25,000,000.00
Aug 15, 2023	IBRD-92110	Int Charges	779,305.56
Feb 15, 2023	IBRD-92110	Int Charges	580,111.10
Aug 15, 2021	IDA-68430	Int Charges	230,593.81
Aug 15, 2021	IDA-68430	Int Charges	230,593.81
May 3, 2021	IDA-68430	Loan Disb	109,537,736.00
Aug 15, 2022	IDA-68430	Int Charges	1,161.20
Feb 15, 2022	IDA-68430	Int Charges	397,053.28
Feb 15, 2022	IDA-68430	Int Charges	397,053.28
Feb 15, 2022	IDA-68430	Int Charges	3,055.43
Feb 15, 2022	IDA-68430	Int Charges	3,055.43
Aug 15, 2022	IDA-68430	Int Charges	378,291.75
Aug 15, 2022	IDA-68430	Int Charges	378,291.75
Aug 15, 2022	IDA-68430	Int Charges	1,161.20
Aug 15, 2023	IDA-68430	Int Charges	1,875.22
Aug 15, 2023	IDA-68430	Int Charges	1,875.22
Aug 15, 2023	IDA-68430	Int Charges	381,718.28
Aug 15, 2023	IDA-68430	Int Charges	381,718.28
Feb 15, 2023	IDA-68430	Int Charges	377,992.30
Feb 15, 2023	IDA-68430	Int Charges	377,992.30
Feb 15, 2023	IDA-68430	Int Charges	3,284.75
Feb 15, 2023	IDA-68430	Int Charges	3,284.75
Aug 15, 2024	IDA-68430	Int Charges	5,148.39
Aug 15, 2024	IDA-68430	Int Charges	5,148.39
Aug 15, 2024	IDA-68430	Int Charges	372,349.75
Aug 15, 2024	IDA-68430	Int Charges	372,349.75
Feb 15, 2024	IDA-68430	Int Charges	378,331.50
Feb 15, 2024	IDA-68430	Int Charges	378,331.50
Feb 15, 2024	IDA-68430	Int Charges	656.42
Feb 15, 2024	IDA-68430	Int Charges	656.42

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Moderately Unsatisfactory	2025-01-07
Overall Implementation Progress (IP)	Moderately Satisfactory	2025-01-07
Monitoring and Evaluation	Moderately Unsatisfactory	2025-01-07
Progress towards achievement of PDO	Moderately Satisfactory	2025-01-07

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Results Indicator 5: Share of 150 funded activities implemented by women community groups Value 0.00 40.00 50.00
Date June 30, 2021 June 30, 2023 June 30, 2023
Comment

Results Indicator 8: Share of social assistance programs that include gender-sensitive and disaster responsiveness criteria for determining assistance	Value	0.00	100.00	50.00
	Date	June 30, 2021	June 30, 2023	June 30, 2024
	Comment

Results Indicator 9: (i) external (FX) debt as percent of total public debt; and (ii) the number of instruments	Value	(i) 26 percent (ii) 396	(i) 36.9 (ii) 363	(i) 30 percent (+/-5%) (ii) 320
	Date	June 30, 2020	June 30, 2023	June 30, 2024
	Comment

Results Indicator 10: Number of programs across budget agencies performing gender impact assessments and collecting sex-disaggregated data for monitoring and evaluation	Value	None	16	35 out of 200
	Date	June 30, 2020	June 30, 2023	June 30, 2024
	Comment

Results Indicator 11: The value added tax as percent of GDP Value 4.80 7.50 7.10
Date June 30, 2021 June 30, 2023 June 30, 2024
Comment
Results Indicator 12: The annual revenue impact of the film rebate reduction Value 0 0.3 0.4 percent of GDP
Date June 30, 2020 June 30, 2023 June 30, 2024
Comment
Results Indicator 1: The annual volume of payments made electronically through the Real-Time Gross Settlement System Value 148786.00 1482412.00 185930.00
Date June 30, 2019 June 30, 2023 June 30, 2024
Comment

Results Indicator 6:Percentage of import permits for steel reinforcement material being manufactured in accordance with the revisedstandard, or suitable equivalent standard	Value	0.00	100.00	100.00
	Date	June 30, 2019	June 30, 2023	June 30, 2024
	Comment

Results Indicator 7: Implementation plan for developing and piloting/testing impact-based multi-hazard early warning Value No No Yes
Date June 30, 2022 June 30, 2023 June 30, 2024
Comment
Results Indicator 2: Number of outstanding corporate bond issuances Value 0.00 1.00 2.00
Date June 30, 2019 June 30, 2023 June 30, 2024
Comment
Results Indicator 3: Volume of foreign investment commitments Value 24300000.00 32800000.00 27900000.00
Date June 30, 2019 June 30, 2023 June 30, 2024
Comment

Results Indicator 4: Percentage of area within the national jurisdiction legally designated as Marine Protected Areas that contribute to climate resilience & establishment of the Adaptation Registry	Value	(i) 1 (ii) None	(i) 1 (ii) None	(i) 5 (ii) Established and made publicly available
	Date	June 30, 2021	June 30, 2023	June 30, 2024
	Comment

Results Indicator 11: The value added tax as percent of GDP	Value	4.80	7.50	7.10
	Date	June 30, 2021	June 30, 2023	June 30, 2024
	Comment

Results Indicator 12: The annual revenue impact of the film rebate reduction	Value	0	0.3	0.4 percent of GDP
	Date	June 30, 2020	June 30, 2023	June 30, 2024
	Comment

Results Indicator 1: The annual volume of payments made electronically through the Real-Time Gross Settlement System	Value	148786.00	1482412.00	185930.00
	Date	June 30, 2019	June 30, 2023	June 30, 2024
	Comment

Results Indicator 3: Volume of foreign investment commitments	Value	24300000.00	32800000.00	27900000.00
	Date	June 30, 2019	June 30, 2023	June 30, 2024
	Comment

Fiji Recovery and Resilience First Development Policy Operation with a Catastrophe-Deferred Drawdown Option

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS