Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Pacific Growth to Pick Up in 2014

Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to ADB's latest Asian Development Outlook 2014, launched in Sydney. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Investing in the Pacific Transport Sector

Pacific Transport Update 2013: Island countries in the Pacific region need a strong transport sector to support economic growth. Read More

Overview

Vanuatu's economy has outperformed most of the other Pacific island countries over the past decade due to implementation of structural reforms. Growth has been driven by the services, tourism, and construction sectors.

ADB's country partnership strategy, 2010-2014, for Vanuatu aligns with the government's Priorities and Action Agenda, 2006-2015, as well as its Planning Long, Acting Short action program. Assistance focuses on three core areas: transport and information and communication technology, urban sector development, and energy. Private sector development remains a crosscutting theme.

Fast Facts

0.25 (2012)
Population in millions

2.3% (2010-2012)
Annual population growth rate

12.7% (2010)
Population living below the national poverty line

Proposed Projects

There are no proposed projects at this time.

ADB Lending

Amount ($M) / %
Sector (No. of loans)
1.10 / 1.64
Agriculture (1)
 
6.00 / 8.95
Finance (2)
 
20.00 / 29.82
Public Sector (1)
 
19.97 / 29.77
Transport and ICT (3)
 
15.00 / 22.36
Water Supply (2)
 
5.00 / 7.45
Multisector (2)
 
67.07 / 100.00
TOTAL (11)
Cumulative as of 31 December 2012