Pacific Subregional Office
In the Spotlight
Yields on bonds in emerging East Asian markets have declined in recent months as concerns about a US Federal Reserve rate hike eased and inflationary pressures remained largely muted, ADB’s latest Asia Bond Monitor said.
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.
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.
As ADB's regional representative in the Pacific, the Pacific Subregional Office (SPSO) in Suva, Fiji undertakes strategic planning, country programming, and economic sector work, overall portfolio management and project administration of selected projects, support for the development of knowledge products, and capacity building and regional cooperation activities.