ADB-Palau Partnership Strategy | Asian Development Bank

ADB-Palau Partnership Strategy

Palau’s main development challenges include creating an environment conducive to higher value tourism, making growth more inclusive, and fiscal consolidation.

The Pacific Approach, 2016-2020, which is ADB's operational framework for the Pacific, serves as the country partnership strategy for Palau and 10 other small Pacific island countries. The approach focuses on a three-pronged strategy to reduce costs, manage risks, and enable value creation.

The country operations business plan (COBP), 2017–2019 will contribute to these strategic objectives by creating value through the delivery of safe water and sanitation services, and promotion of private sector development; managing disaster risks; and reducing costs by increasing the supply of renewable energy

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.