Samoa and ADB
In the Spotlight
Samoa can further improve its competitiveness through reforms supporting private sector growth, focusing on primary constraints to investment and entrepreneurship.
Despite growth supported by higher tourism earnings and remittance-related spending, Samoa’s Gross Domestic Product is estimated to have grown in financial year 2015 by slightly less than the earlier forecast.
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
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.
The country operations business plan, 2016-2018 for Samoa is aligned with ADB’s Interim Pacific Approach 2015, which extends the validity of its Pacific Approach 2010-2014; the midterm review of ADB’s Strategy 2020; and the Strategy for the Development of Samoa, 2012-2016.
Projects in Samoa
No projects in this category were found.