Palau and ADB
In the Spotlight
With average growth in the Pacific now projected at 2.7% in 2016 and 3.3% in 2017, the lowest since the global financial and economic crisis, policies to reinvigorate and sustain economic activity need to be prioritized, according to the December 2016 issue of the Pacific Economic Monitor.
The ADB country operations business plan (COBP), 2017–2019 for Palau is aligned with ADB’s Pacific Approach, 2016-2020. It will improve the delivery of safe water and sanitation services, promote private sector development, help manage disaster risks, and reduce costs by increasing the supply of renewable energy.
Revised estimates show Palau’s economy grew by 9.4% in Fiscal Year 2015, well above the earlier estimate of 6.7%. Growth reflected a dramatic increase in tourist arrivals, in particular by visitors on package tours from the People’s Republic of China. Read more from Asian Development Outlook 2016 Update
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
With outstanding natural and cultural resources, Palau has benefited from strong growth in the tourism sector that has driven overall economic growth. Despite this positive progress, as a small-island state with a population of around 20,000, Palau remains vulnerable to external economic shocks, the impacts of climate change, and other environmental and weatherrelated risks.
ADB’s strategy in Palau is to provide support to improve public sector effectiveness, facilitate private sector development, deliver safe water and sanitation services, and improve connectivity.
Projects in Palau
No projects in this category were found.
Average annual population growth rate in Palau (2010-2015)
Total fertility rate in Palau, births per woman (2015)
Infant mortality rate in Palau, per 1,000 live births (2015)
Population in Palau, in millions (2015)