The Pacific

ADB is working with 14 Pacific developing member countries to help address their particular conditions, and to encourage regional solutions to common challenges.

The Latest in the Pacific

Living with High Prices

World commodity prices have risen strongly in recent years, pushed up by structural changes in the world economy. The extent of the increase, and the likelihood that prices will stay high for some time, call for a policy response in the Pacific. This Policy Brief examines how public policy in the Pacific Islands could respond to the high prices. It examines what high prices mean for the region: who will lose and who will gain. It examines how governments and development partners could lessen the adverse impact of high prices for crude oil, rice, and wheat. The Policy Brief also looks at what could be done to realize the benefits that high prices offer to growers of local food and the now higher priced tree crops. Read the News Release. Download the publication.



	Latest ADB Pacific News



	The Government of Australia and the Asian Development Bank Pilot a Financing Innovation to Support Good Governance Economic Report Indicates Some Optimism for Medium-Term Growth in Nauru Cook Islands' Infrastructure Development Plan to Include Climate Proofing Projects Electronic Banking to Bring Financial Services to Vanuatu's Rural Areas



	Events



	Congress of the Pacific Association of Supreme Audit Institutions ADB Pacific Department Director General Philip Erquiaga highlighted the importance of strengthening national accountability through regional approaches that support Pacific public auditing. The Congress endorsed the proposed Pacific Regional Audit Initiative which has been designed with ADB support. Read the speech. Pacific 2020* The 2020 project is an initiative by Australia to support broad-based economic growth in the Pacific. The main component is a high level report that examines practical policy choices for stimulating sustainable and widely shared economic growth in the Pacific.

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