Palau and ADB
In the Spotlight
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. Palau will return to steady growth with tourism expected to recover, says a new ADB report.
Palau's high-speed internet is the latest milestone under the North Pacific Regional Connectivity Investment Project. It boosts international connectivity, providing opportunities for women.
Given the labour market challenges in the Pacific Islands, many workers have looked elsewhere for new opportunities. This report takes an in-depth look at public employment services and proposes measures to target disadvantaged job seekers and meet the needs of employers.
Countries in the Pacific should step up their efforts to adapt to more extreme weather conditions and mitigate disaster risks to improve the region’s economic growth prospects, according to ADB's latest Pacific Economic Monitor.
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.