Palau and ADB
In the Spotlight
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 growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
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.
Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises, according to a new report by ADB.
Palau has been successful in managing its economy, capitalizing on tourism. Balancing tourism development and conservation of its natural environment poses challenges.
ADB’s country operations business plan, 2015-2017 for Palau focuses on improving public sector effectiveness, facilitating private sector development, delivering safe water and sanitation services, and improving connectivity.
0.02(2013) Population in millions
-1.9%(2008-2013) Average annual population growth rate
24.9%(2006) Population living below the national poverty line