Pledges
Seven donors committed a total of $94.06 million to the reconstruction and rehabilitation of earthquake and tsunami affected
Yogyakarta, Central and West Java. Java Reconstruction Fund has received a total of US$ 84.06 million, as of September 2008.
The following table shows the breakdown of funding commitments made by donors; along with the cash received by the Java
Reconstruction Fund to date.
| Source |
Total
Pledges
$ million |
Cash
Receieved
$ Million |
 |
European Commission |
51.17 |
51.17 |
 |
Government of the Netherlands |
12.00 |
12.00 |
 |
Government of the United Kingdom |
10.77 |
10.77 |
 |
Asian Development Bank |
10.00 |
10.00 |
 |
Government of Canada |
6.53 |
6.53 |
 |
Government of Finland |
1.99 |
1.99 |
 |
Government of Denmark |
1.60 |
1.60 |
| Total Contributions |
94.06 |
94.06 |
|
Allocations
The Java Reconstruction Fund has allocated US$ 77.55 million to three projects: the Transitional Housing, the Permanent Housing & Community Infrastructure and Recovery of Livelihoods. The total allocation represent 82 percent of the total contribution. After including interest income and deducting expected administration and supervision costs, about US$ 18.80 million remains unallocated. The remaining funds will be allocated based on the recommendations from the Stocktaking and Gap Analysis Exercise and Midterm Review of the JRF.
Disbursements*
The Java reconstruction Fund disbursement to projects as of March 31, 2009 is US$ 56.10 million. A large part of the disbursement has been to the Permanent Housing and Community Infrastructure Project, which represents 64 percent of the Java Reconstruction Fund Project, channeled through the government budget. In total, 72 percent of all allocated funds have been disbursed.
| |
Allocation
US$ million
|
Disbursement
US$ million |
| Transitional Housing Project |
2.32 |
2.32 |
| Permanent Housing and Community Infrastructure Project |
60.00 |
53.32 |
| Livelihood Project |
15.24 |
0.47 |
| Total |
77.55 |
56.10 |
* as of March 31, 2009
Financial Outlook
The implementation of the housing reconstruction has been completed. Thus, going forward, the disbursement will mainly be for the community infrastructure reconstruction and the livelihoods projects now under full implementation. The livelihoods and housing project will need more time to be fully implemented. Hence, the JRF may be extended to December 2011.
With Addition funds from ADB, all remaining funds are expected to be allocated by the third quarter of 2009.
|
