Marshall Islands and ADB
In the Spotlight
Over the last 10 years, the quality of life for inhabitants of the Marshall Islands’ Ebeye atoll was greatly improved thanks to a comprehensive health and infrastructure project supported by ADB.
For almost half a century, ADB has been partnering with Pacific developing countries to help them grow and prosper. ADB has scaled up its assistance in the Pacific to more than $2 billion by the end of 2014 from about $500 million in 2004. The vast majority of this support goes into building infrastructure.
Growth in the North Pacific is expected to rise in the near term due to favorable external conditions, stimulus from infrastructure projects, and continued tourism growth in Palau, says a new report from ADB.
ADB-wide sovereign approvals in the Pacific has risen substantially since 2010, reaching almost $1.8 billion in 2013. ADB is assessing and updating the Pacific Approach, which will continue to guide its operations in the region.
A refurbished power generator converted to use biofuel from coconut promises to improve energy supply in the Marshall Islands' atoll of Majuro, lightening up the lives of low-income families.
The Republic of the Marshall Islands (RMI) is an atoll nation of just 181 square kilometers, located in a rich fishery in the north Pacific. The capital of Majuro and the atoll of Ebeye are both heavily urbanized, while small populations are dispersed across the country’s outer atolls.
ADB’s country operations business plan, 2015-2017, has three areas of strategic focus supporting the Marshall Island's medium-term development: macroeconomic and fiscal management, human capacity development, and infrastructure development.