Palau’s main development challenges include creating an environment conducive to higher value tourism, making growth more inclusive, and fiscal consolidation.
The country operations business plan (COBP) 2016-2018 for Palau is aligned with ADB's Interim Pacific Approach 2015, which extends the validity of The Pacific Approach 2010-2014, and with the Midterm Review of Strategy 2020. The Pacific Approach serves as the country partnership strategy for Palau.
The COBP aligns with Palau's Medium Term Development Strategy 2009-20143 and the management action plan (MAP) adopted by the government in 2013. The MAP’s overarching goal is to improve the quality of life while underscoring commitment to environmentally sustainable and socially inclusive development.
The COBP continues to support the government’s priorities on improving public sector effectiveness, facilitating private sector development, delivering safe water and sanitation services, and improving connectivity.
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The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.