| Financier | Commitments |
|---|---|
| IDA Credit | 12.00 |
| IDA Grant | 53.10 |
| IDA Shorter Maturity Loan (SML) | 2.80 |
Pacific Strengthening Correspondent Banking Relationships Project
Abstract*
The development objective of Pacific Strengthening Correspondent Banking Relationships (CBR) Project is to enable continuous access to correspondent banking services in the participating Pacific Island countries. The project has two components. 1) The first component, Ensuring Continuous Access to CBR Services, will ensure continuous access to CBR services by a qualifying financial institution operating in eligible Pacific Island Countries (PICs)... Show More
Key Details
Project Details
P502591
Active
Julian Casal
Republic of the Marshall Islands,Republic of Fiji,Ministry of Finance and Treasury,Tuvalu,Kingdom of Tonga,Independent State of Samoa,Pacific Islands Forum,Kiribati,Republic of Vanuatu
PNG & PI
December 22, 2023
(as of board presentation)
August 29, 2024
N/A
US$ 0.00 million
Pacific Islands Forum Secretariat
2025
US$ 67.90 million
N/A
N/A
September 30, 2030
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 67.90 |
| IBRD + IDA Commitment | 67.90 |
| 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.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 29, 2024 | IDA-76230 | Loan Commitment | 3,000,000.00 |
| Aug 29, 2024 | IDA-76240 | Loan Commitment | 2,800,000.00 |
| Aug 29, 2024 | IDA-E3610 | Loan Commitment | 9,000,000.00 |
| Aug 29, 2024 | IDA-76200 | Loan Commitment | 9,000,000.00 |
| Aug 29, 2024 | IDA-E3690 | Loan Commitment | 9,000,000.00 |
| Aug 29, 2024 | IDA-E3680 | Loan Commitment | 3,100,000.00 |
| Aug 29, 2024 | IDA-E3670 | Loan Commitment | 5,000,000.00 |
| Aug 29, 2024 | IDA-E3640 | Loan Commitment | 9,000,000.00 |
| Aug 29, 2024 | IDA-E3630 | Loan Commitment | 9,000,000.00 |
| Aug 29, 2024 | IDA-E3620 | Loan Commitment | 9,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-12-24 |
| Project Management | Satisfactory | 2024-12-24 |
| Financial Management | Satisfactory | 2024-12-24 |
| Progress towards achievement of PDO | Satisfactory | 2024-12-24 |
| Monitoring and Evaluation | Satisfactory | 2024-12-24 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-12-24 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.