Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Company Law Reforms in Vanuatu Will Boost Ease of Doing Business

Vanuatu’s new Companies (Insolvency and Receivership) Act and Insolvency (Cross Border) Act, in combination with the 2012 Companies Act, will make it easier for local people to conduct business. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. 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

Fact Sheet

Proposed Projects

There are no proposed projects at this time.

Approved Projects

15 Feb 2013 46509-001: Expansion of Rural Financial Services
18 Dec 2012 43414-012: Energy Access Project
11 Jan 2012 42391-012: Port Vila Urban Development Project
View all approved

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

Publications

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Aug 2013 Climate Change Adaptation in the Pacific Coral Triangle

Aug 2013 Climate Change and Transport

View all publications

News Releases

2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
19 Sep 2013 Company Law Reforms in Vanuatu Will Boost Ease of Doing Business - ADB
21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
16 Aug 2013 ADB & New Zealand Help Vanuatu Improve Ports And Expand Interisland Shipping
View all news releases

Featured Project

Promoting Energy Efficiency in the Pacific - Phase 2

ADB IN ACTION