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.
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.
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor.
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.
Stakeholder participation and partnerships are vital to a successful development program in the Republic of the Marshall Islands. ADB and the Marshall Islands have implemented a number of public consultation programs since the mid-1990s. These programs have given the government, civil society, and development partners an opportunity to discuss fiscal and economic reform and development issues. Major findings were reflected in the design of ADB’s policy-based loan in 2010 and in the development of ADB’s country operations business plans (COBPs).
COBP, 2015-2017 has three areas of strategic focus supporting the country's medium-term development: macroeconomic and fiscal management, human capacity development, and infrastructure development.