Modalities / Stand-Alone Trust Funds

/Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States

Year Established

2019

Partners

Ireland

Cumulative Contributions Committed

Contributions committed are net of cancellation of the commitments, if any, and revalued at reporting date, as applicable.

$15.7 million

Project Commitments

The financing approved by ADB's Board of Directors or management for which the legal agreement has been signed by the borrower, recipient, or the investee company and ADB.
Grants

$1.5 million for 3 projects

Technical Assistance

$6.3 million for 8 TAs

Direct Charges

$65,000 for 4 activities

The Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States or BCCDR is a single-partner trust fund that aims to help increase the resilience of small island developing states (SIDS) to disasters triggered by natural hazards and the impacts of climate change. It also aims to help increase investments in climate change mitigation and adaptation among SIDS. The fund finances or cofinances projects and technical assistance, grants, direct charges, and any activities that advance the interest of the SIDS’ climate change and disaster resilience, and Ireland’s international development priorities. Specifically, the fund supports projects in climate change adaptation, disaster resilience, disaster preparedness and management, capacity building, and regulatory and legislative reforms. or

On 10 August 2022, ADB and the Government of Vanuatu signed a grant agreement for a $0.3 million cofinancing from the BCCDR for the COVID-19 Response for the Affected Poor and Vulnerable Group Project. The project aims to meet the immediate needs of vulnerable groups affected by the coronavirus disease (COVID-19) pandemic while building their resilience to withstand further pandemic impacts and other external shocks.

News

ADB approved a $750,000 grant for an ongoing ADB-supported technical assistance program supported by the Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States. The program will help pilot innovative community-led resilience approaches across many communities in Fiji.

ADB and the Government of Vanuatu signed on 10 August 2022 grant agreements for an ADB-supported project to address the needs of poor and vulnerable groups in Vanuatu affected by the COVID-19 pandemic while building their resilience to withstand further external shocks in the future.

Stories

Ireland has provided more than $130 million in support since joining ADB as a nonregional member in 2006. In recent years, that support has begun to focus on the Pacific and helping the region’s 14 developing member countries build resilience against the threat of climate change. The Pacific developing member countries are still looking to build significant private capital to build resilience against storms and sea level rises and make progress with green energy and green transportation systems.

ADB approved the technical assistance (TA) on Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Potential Outbreaks of Other Communicable Diseases. This TA helped increase the capacities of developing member countries in preventing and containing outbreaks like COVID-19.

Project Map