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.
Despite a weakening economic growth forecast for the Pacific, recent progress in vaccination rollouts and stronger public health measures are providing optimism for the safe reopening of borders in the near term, according to...
The Pacific is expected to recover with moderate growth of 0.3% in 2021 and 4.0% in 2022, with tourism and widespread vaccination playing key roles
ADB’s operations will be guided by the Pacific Approach, 2021–2025, which will serve as the country partnership strategy for its 12 small Pacific island countries.
Fiscal discipline, along with large and predictable inflows of overseas development assistance, have helped to ensure macroeconomic stability in Niue. In April 2019, just one month after Niue joined the bank, ADB committed a technical assistance project to support improved public financial management in the country.
Number of shares held:
150 (0.001% of total shares)
39,264 (0.295% of total membership, 0.453% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
In 2020, ADB provided a grant of $500,000 from the Asia Pacific Disaster Response Fund to help the Government of Niue finance its response to the COVID-19 pandemic.
Just one month after Niue joined the bank, ADB committed a technical assistance project to support improved public financial management in the country. Using the 2016 Public Expenditure and Financial Accountability framework, ADB is providing the necessary expertise to assess the government’s financial management systems, prepare a road map for strengthening those systems, and develop measures to improve accounting and financial reporting of public expenditure.
ADB supported a pre-feasibility study to address operational and safety issues at the Alofi wharf, Niue’s main port, and at the boat ramps of Avatele and Namukulu. The study provided the groundwork for improvements to the wharf and boat ramps, which will enhance the country’s regional connectivity and climate resilience of its maritime assets.
Niue participates in ADB’s regional conferences and training programs to access regional best practices and improve the capabilities of its development practitioners. The country will also benefit from regional technical assistance projects covering areas such as public sector management, private sector development, and infrastructure development.