Regional: Promoting Climate-Resilient and Sustainable Blue Economies
The knowledge and support TA will support the establishment and initial implementation phase of the Blue Pacific Finance Hub (BPFH), a new regional initiative to support increased investments in ADB's 14 Pacific DMCs in climate-resilient and sustainable blue economies, through support for governance and planning, identification of issues and opportunities, regional capacity development, and knowledge sharing. The TA supports in-country and desk-based activities.
Project Details
-
Project Officer
Robertson, Deborah
Pacific Department
Request for information -
Country/Economy
Regional -
Sector
- Agriculture, natural resources and rural development
| Project Name | Promoting Climate-Resilient and Sustainable Blue Economies | ||||||
| Project Number | 56264-001 | ||||||
| Country / Economy | Regional Cook Islands Fiji Micronesia, Federated States of Kiribati Nauru Niue Palau Papua New Guinea Marshall Islands Samoa Solomon Islands Timor-Leste Tonga Tuvalu Vanuatu |
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| Project Status | Active | ||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth Regional integration |
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| Drivers of Change | Gender Equity and Mainstreaming Partnerships Private sector development |
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| Sector / Subsector |
Agriculture, natural resources and rural development / Fishery - Water-based natural resources management Public sector management / Public administration |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | ||||||
| Description | The knowledge and support TA will support the establishment and initial implementation phase of the Blue Pacific Finance Hub (BPFH), a new regional initiative to support increased investments in ADB's 14 Pacific DMCs in climate-resilient and sustainable blue economies, through support for governance and planning, identification of issues and opportunities, regional capacity development, and knowledge sharing. The TA supports in-country and desk-based activities. | ||||||
| Project Rationale and Linkage to Country/Regional Strategy | Pacific Island Countries (PICs) have a combined population of almost 11.5 million with respective Economic Exclusive Zones (EEZ) spanning over 20 million sq. km. Geography, culture and the economy are intertwined with the Pacific Ocean. Most Pacific people live in coastal areas, rely on coastal and marine resources for food and livelihoods, and benefit from significant economic opportunities in fisheries, coastal and marine tourism and maritime transport. In recent decades, however, coastal areas in the Pacific have been exposed to natural hazards and higher risks from climate change which severely impact PIC economies. This can be seen in the increased frequency and intensity of tropical cyclones, storm surges and coastal flooding, sea level rise, and ocean warming and acidification. These impacts significantly affect coastal and marine ecosystems and the services they provide (e.g., food, coastal protection, jobs). The adverse impacts are foreseen to cause widespread damage to many PIC economies and communities which are dependent on marine and coastal resources, which will amplify the vulnerability of communities to climate impacts. In light of these threats, the sustainable management of marine and coastal resources would provide resilience to Pacific island economies. In the same vein, strengthening the blue economies of PICs would alleviate poverty in vulnerable communities which depend directly on healthy coastal and marine ecosystems for food and livelihood. To achieve resilient and vibrant blue economies in the Pacific, however, there is a need to break barriers hindering public and private sector investments in sustainable projects and activities. A key challenge is the difficulty in access and volume of capital to fund and sustain projects that seek to restore and maintain ocean health. |
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| Impact | Resilience and wellbeing of Pacific communities strengthened, and healthy and productive livelihoods built and sustained Pacific Ocean and marine resources conserved and sustainably used for sustainable development |
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| Project Outcome | |
|---|---|
| Description of Outcome | Enabling conditions and Pacific DMCs' capacity to build climate-resilient and sustainable blue economies enhanced |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Planning and governance for investments in climate-resilient and sustainable blue economies strengthened. Assessments to underpin climate-resilient and sustainable blue economies prepared. Regional collaboration and knowledge enhanced. |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Cook Islands - Nation-wide; Fiji - Nation-wide; Kiribati - Nation-wide; Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide; Nauru - Nation-wide; Niue - Nation-wide; Palau - Nation-wide; Papua New Guinea - Nation-wide; Samoa - Nation-wide; Solomon Islands - Nation-wide; Timor-Leste - Nation-wide; Tonga - Nation-wide; Tuvalu - Nation-wide; Vanuatu - Nation-wide |
| 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 | Robertson, Deborah |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | PAEN |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 11 Nov 2022 |
| Fact Finding | - |
| MRM | - |
| Approval | 22 Dec 2022 |
| Last Review Mission | - |
| Last PDS Update | 23 Dec 2022 |
TA 10074-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 22 Dec 2022 | - | 22 Dec 2022 | 31 Dec 2026 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 2,500,000.00 | 183,500.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,683,500.00 | 06 Jan 2023 | 0.00 |
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 |
|---|---|---|
| Promoting Climate-Resilient and Sustainable Blue Economies: Technical Assistance Report | Technical Assistance Reports | Dec 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
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Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| TA Administrator | Individual - Consulting | Closed | 14 Jan 2023 | 20 Jan 2023 |
| Regional Capacity Development Specialist | Individual - Consulting | Closed | 11 Jan 2023 | 17 Jan 2023 |
| Program Manager (Ocean and Coastal Adaptation Specialist) | Individual - Consulting | Closed | 10 Jan 2023 | 16 Jan 2023 |
| Ocean-Climate Policy Specialist | Individual - Consulting | Closed | 10 Jan 2023 | 16 Jan 2023 |
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.