In the Spotlight
Growth in the Pacific subregion for 2020 has been further downgraded as the impact of the coronavirus disease (COVID-19) pandemic continues to squeeze the region’s economies.
ADB’s $16 million grant to the Marshall Islands will strengthen the health sector and mitigate economic losses. The grant will also provide school lunches, food baskets, and livelihood equipment to vulnerable communities.
Doing business in the Pacific is hard, but sweeping reforms carried out by the Pacific Private Sector Development Initiative (PSDI) are breaking down the barriers to business in the region.
The COVID-19 pandemic is highlighting the critical need to support health and social protection systems in the Pacific region, according to the latest issue of the ADB's Pacific Economic Monitor launched today.