{"id":14967,"date":"2022-11-24T18:09:27","date_gmt":"2022-11-24T05:09:27","guid":{"rendered":"https:\/\/talamua.com\/?p=14967"},"modified":"2022-11-24T18:09:27","modified_gmt":"2022-11-24T05:09:27","slug":"adb-samoa-sign-7-5-million-grant-to-accelerate-covid-19-recovery","status":"publish","type":"post","link":"https:\/\/talamua.com\/?p=14967","title":{"rendered":"ADB & Samoa sign $7.5 Million Grant to Accelerate Covid 19 recovery"},"content":{"rendered":"

APIA, SAMOA – 24 NOVEMBER 2022:<\/strong>\u00a0The Asian Development Bank (ADB) and the Samoan government signed the $7.5 million policy-based grant to\u00a0help the Samoan economy rebound from\u00a0the COVID-19\u00a0pandemic.<\/p>\n

The grant agreement was signed this week by the Minister of Finance, Mulipola Anarosa Ale Molioo and ADB\u2019s Regional Director for the Pacific Subregional Office, Aaron Batten. \u00a0The grant was approved by ADB of 16 November.<\/p>\n

\u201cUndertaking regulatory and legal reforms to improve Samoa\u2019s business environment and accelerate private sector recovery is at the heart of this ADB-supported program,\u201d said Mr. Batten.<\/p>\n

\u201cAs Samoa transitions from COVID-19 response to COVID-19 recovery, the development of the finance sector will be critical to economic recovery and we thanks ADBB for its support through this program which will also strengthen finance sector development,\u201d said Minister Mulipola.<\/p>\n

\u201cThis first phase of the program will help the Government of Samoa transition from crisis response to inclusive fiscal and private sector recovery,\u201d said ADB Public Sector Economist and Program Team Leader James Webb.<\/p>\n

\"ADB

The Minister of Finance, Mulipola Anarosa Ale Molioo with ADB\u2019s Regional Director for the Pacific Subregional Office, Aaron Batten, and the CEO of Finance and Head of ADB’s Apia office.\u00a0<\/p><\/div>\n

\u201cThe program comprises two subprograms that will improve fiscal management and sustainability, promote inclusive private sector recovery, and strengthen finance sector development and inclusion.\u201d<\/p>\n

The grant is financed by the\u00a0Asian Development Fund<\/a>, which provides grants to ADB\u2019s poorest and most vulnerable developing member countries.<\/p>\n

The ADB-supported program builds on previous ADB policy-based operations and public sector management work in Samoa,\u00a0while supporting\u00a0the goal of strengthening governance and institutional capacity. The program was developed in coordination with the World Bank and the Governments of Australia and New Zealand and in consultation with the International Monetary Fund.<\/p>\n

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members\u201449 from the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

APIA, SAMOA – 24 NOVEMBER 2022:\u00a0The Asian Development Bank (ADB) and the Samoan government signed the $7.5 million policy-based grant to\u00a0help the Samoan economy rebound from\u00a0the COVID-19\u00a0pandemic. The grant agreement was signed this week by the Minister of Finance, Mulipola Anarosa Ale Molioo and ADB\u2019s Regional Director for the Pacific Subregional Office, Aaron Batten. \u00a0The […]<\/p>\n","protected":false},"author":4,"featured_media":14968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1484,186],"tags":[1843,1844,59],"class_list":["post-14967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-government","tag-adb-and-samoa-sign-7-5m-grant-aid","tag-covid-19-recovery","tag-featured"],"yoast_head":"\nADB & Samoa sign $7.5 Million Grant to Accelerate Covid 19 recovery - Talamua Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/talamua.com\/?p=14967\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB & Samoa sign $7.5 Million Grant to Accelerate Covid 19 recovery - Talamua Online\" \/>\n<meta property=\"og:description\" content=\"APIA, SAMOA – 24 NOVEMBER 2022:\u00a0The Asian Development Bank (ADB) and the Samoan government signed the $7.5 million policy-based grant to\u00a0help the Samoan economy rebound from\u00a0the COVID-19\u00a0pandemic. 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