ADB's Work in Palau
Shareholding and Voting Power
Number of shares held:
342 (0.003% of total shares)
39,456 (0.297% of total membership, 0.456% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Palau is a small island developing state in the North Pacific. Its tourism industry accounts for about 40% of gross domestic product, while assistance under its Compact of Free Association with the United States (the Compact, amended in 2018) will provide more than $120 million in grant funding through to 2024.
Despite its tourism industry and Compact assistance, Palau is exceptionally vulnerable to natural disasters, and its narrow economic base exposes it to international market volatility. The coronavirus disease (COVID-19) pandemic and associated travel restrictions severely threaten Palau’s tourism-based economy—emphasizing the need for prudent financial management and deeper private sector involvement as the country pursues more inclusive and sustainable growth.
Traditional Palauan pottery
Palau joined the Asian Development Bank (ADB) in 2003 and was classified as a developing member country (DMC) in December 2005. Since then, ADB has committed loans totaling $129.7 million, grants of $1.2 million, technical assistance worth $6.8 million, and ADB-administered cofinancing of $3.9 million for Palau.