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.
An expanded and improved power supply has increased investment and improved public services.
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.
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.