Pacific Liaison and Coordination Office
In the Spotlight
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
Softer growth prospects for the People’s Republic of China (PRC) and India, and a slow recovery in the major industrial economies, will combine to push growth in developing Asia for 2015 and 2016 below previous projections, says a new ADB report.
Pacific economies are expected to achieve average growth of 9.9% in 2015, as positive external flows outweigh the impacts of recent disasters, according to the ADB’s latest Pacific Economic Monitor Midyear Review.
ADB portfolio of energy investments in the Pacific region will exceed $500 million by 2016, supporting the region’s drive to cut reliance on fossil fuels and to scale up the use of sustainable, low carbon power sources. Download Pacific Energy Update 2015.
Pacific Liaison and Coordination Office (PLCO) is ADB's representative office in Sydney, Australia, and also acts as a focal point for New Zealand. It is involved in programming, processing, and administration of assistance in Nauru, Solomon Islands, and Vanuatu.
PLCO is also committed to promoting private sector development across all 14 of ADB's Pacific developing member countries via the Pacific Private Sector Development Initiative, which is co-financed by Australian Aid. Read more.