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:
Aaron Batten has assumed office as Regional Director of ADB's Pacific Subregional Office in Suva. He will oversee the delivery of financing and knowledge solutions in the Cook Islands, Fiji, Kiribati, Niue, Samoa, Tonga, and Tuvalu.
Bilateral remittance inflows are countercyclical against the business cycle of a remittance-receiving country relative to a sending country.
In March 2019, Niue became the 68th and most recent member of ADB. Niue and ADB are in the early stages of developing an investment and technical assistance pipeline.
After 2 years of recession caused by the COVID-19 pandemic, the Pacific is expected to return to positive growth this year, according to the Asian Development Outlook (ADO) 2022, ADB’s flagship economic publication.