Vanuatu and ADB

In the Spotlight

Overview

Vanuatu’s economic performance has remained strong in recent years, driven primarily by tourism, construction, and aid inflows from development partners. However, the country’s remoteness, small market size, underdeveloped institutions, and limited absorptive capacity are key constraints to implementing assistance programs. The rural economy is primarily agrarian, largely subsistence farming, aside from some copra, beef, cocoa, and kava produced for export.

ADB's country operations business plan (COBP), 2015-2017 for Vanuatu aligns with the government’s Priorities and Action Agenda, 2006-2015. The COBP addresses the development needs of Vanuatu in four core sectors: energy, transport, water and other urban infrastructure and services, and private sector development.


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Funding Information


Fast Facts

0.27(2014) Population in millions

2.6%(2009-2014) Average annual population growth rate

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

Download 2015 Basic Statistics