In the Spotlight
Palau’s growth in 2019 of -3.0% is expected to fall again in 2020 to -4.5%, with visitor arrivals falling further because of the COVID-19 pandemic. Palau’s economy is expected to recover as travel restrictions are gradually lifted, with growth projected to rebound to 1.2% in 2021. Download report
ADB joined the Government of Palau in an inauguration ceremony to officially open the ADB Pacific Country Office (PCO) in Koror.
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
Tourism in the Pacific is increasing and a key driver of economic growth. In Palau, recent internet connection upgrade is helping promote the island country's tourism industry.