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In the Spotlight
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Pacific Economic Monitor – August 2022
The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn.
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Tourism Boosts Pacific Economic Outlook, but COVID-19, Rising Prices Pose Risks
A revival in tourism is expected to boost economic growth in the Pacific in 2022 and 2023, but the COVID-19 pandemic, rising commodity prices, and climate change continue to pose risks, according to the Asian Development Bank.
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12 Ways ADB is Climate-Proofing Transport in the Pacific
The remoteness of the Asian Development Bank’s Pacific developing member countries (DMCs) makes connectivity one of the region’s highest development priorities.
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ADB, Ireland Support Social Protection in Nauru
Nauru has launched a new social protection strategy thanks to technical and financial support from the ADB and funding from the Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States.