Responding to the Priorities of the Poor: A Pacific Strategy for the Asian Development Bank 2005-2009

Description

This is an important juncture for the Pacific. The development performance of the Pacific developing member countries (PDMCs) of the ADB over the past decade has been mixed. All PDMCs face significant challenges in generating broad-based and sustained economic growth from small, high cost and narrowly focused economies.

The Pacific Strategy 2005 - 2009 provides a framework for ADB operations in its 14 PDMCs and for ADB support to Pacific regional cooperation. Detailed strategies and programs will be developed at the country level, in support of the PDMCs national development programs. The Pacific Strategy highlights differences among PDMCs, but also addresses common challenges.