Samoa and ADB
In the Spotlight
The Government of Samoa and ADB launched a grant project that aims to strengthen the agribusiness sector in the country by providing support services and financing to companies over the next 7 years.
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.
An expanded and improved power supply has increased investment and improved public services.
Known as a reform-oriented country in the Pacific, Samoa has achieved significant development gains through ADB support in education, infrastructure, and other sectors.
Samoa continues to make progress in achieving its Millennium Development Goals. Poverty has fallen in urban centers, child mortality has been reduced, and the government has placed greater emphasis on environmental sustainability. Primary school education is now almost universal for children in Samoa, while gender disparity in both primary and secondary education has been eliminated.
With a narrow base, limited resources, and limited capacity, Samoa’s economy is extremely vulnerable to external shocks and natural disasters.
ADB has supported the government’s efforts to reform Samoa’s economy, placing a focus on competitive structuring and private enterprise. The country operations business plan for 2015-2017 adheres to ADB’s Pacific Approach, which serves as the country partnership strategy for Samoa and aims to deliver sustained, resilient, and improved standards of living for the people.