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ADB has been supporting Samoa since 1966 and has committed 146 public sector loans, grants, and technical assistance totaling $475.8 million. Cumulative loan and grant disbursements to Samoa amount to $293 million.
Joined 1966
Number of shares held:
348 (0.003% of total shares)
Votes:
39,462 (0.297% of total membership, 0.456% of total regional membership)
Overall capital subscription:
$4.87 million
Paid-in capital subscription:
$0.29 million
This annual report outlines how the Pacific Private Sector Development Initiative (PSDI) supported the enabling environment for business and helped foster inclusive private sector-led economic growth in the Pacific during 2021.
The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn.
A revival in tourism is expected to boost economic growth in the Pacific in 2022 and 2023, but the COVID-19 pandemic, rising commodity prices, and climate change continue to pose risks, according to the Asian Development Bank.
ADB has approved $13 million to expand lending for businesses in five Pacific countries.