The risk of “de-risking” – the process of international banks disassociating from financial partners, such as small remittance providers and local banks – is that it could push people out of the financial system completely.
Australia is a founding member of ADB, which was established in 1966. For more than five decades, ADB and Australia have been partners in providing assistance to the bank’s members through cofinanced programs and projects.
The Pacific Approach, 2021–2025 serves as ADB’s operational framework in the region and as its partnership strategy for the 12 small Pacific island countries.
This policy brief considers whether central bank digital currencies (CBDCs) can promote the accessibility of financial services in Pacific island countries and the design choices involved in their development.
A structural shift is taking place in the Pacific islands, as countries move away from fossil fuels in favor of more climate friendly forms of energy.
Across the region, ADB is committed to preparing climate change risk assessments for all its infrastructure investments in the Pacific.
Connectivity in the Pacific has two components: the physical and the digital. ADB has been working with development partners to help people and businesses overcome their isolation.