Palau and ADB
In the Spotlight
A new Asian Development Bank report says Pacific economies face lower growth and tighter fiscal conditions this year due to low commodity prices and severe cyclones.
ADB’s interventions in the Pacific should help countries reduce the high cost of doing business and providing services, develop capacity to manage risks from economic shocks, natural disasters, and climate change, as well as promote the creation of competitive high value-added goods and services.
ADB has approved two loans amounting to $25 million for a submarine cable project which will support the development of a fiber-optic cable system linking Palau to the Internet cable hub in Guam.
Visitor arrivals continued ascending rapidly in Palau in FY2015, growing by 35.2%. However, further growth may be constrained until new accommodations begin to operate in FY2017. Download the latest Pacific Economic Monitor
With outstanding natural and cultural resources, Palau has benefited from strong growth in the tourism sector that has driven overall economic growth. Despite this positive progress, as a small-island state with a population of around 20,000, Palau remains vulnerable to external economic shocks, the impacts of climate change, and other environmental and weatherrelated risks.
ADB’s strategy in Palau is to provide support to improve public sector effectiveness, facilitate private sector development, deliver safe water and sanitation services, and improve connectivity.
Projects in Palau
No projects in this category were found.
- Water Sector Improvement Program
- Implementing a Medium-Term Budget Framework
- Sanitation Sector Development Project
- Facility for Economic and Infrastructure Management (formerly Economic, Financial and Infrastructure Policy Formulation)
- Preparing the Babeldaob Water Supply Project (formerly Water Supply and Sanitation in Babeldaob)
0.02(2014) Population in millions
-1.5%(2009-2014) Average annual population growth rate
24.9%* Population living below the national poverty line (*Preliminary/interim figure; or refers to period before 2009.)