ADB has been supporting Samoa since 1966 and has committed loans totaling $190.9 million, grants of $239.4 million, technical assistance worth $34.5 million, and ADB-administered cofinancing worth $41.8 million for Samoa. Cumulative loan and grant disbursements to Samoa amount to $283.4 million.
Number of shares held:
348 (0.003% of total shares)
39,462 (0.297% of total membership, 0.456% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The risk of “de-risking” – the process of international banks disassociating from financial partners, such as small remittance providers and local banks – is that it could push people out of the financial system completely.
Australia is a founding member of ADB, which was established in 1966. For more than five decades, ADB and Australia have been partners in providing assistance to the bank’s members through cofinanced programs and projects.
Beyond COVID-19 recovery, ADB assistance to Samoa will focus on energy investments, upgrading port facilities, constructing climate-resilient roads, and fostering private enterprise to create more jobs.
The rollout of vaccines to protect children against cervical cancer, pneumonia, and rotavirus has begun in Samoa, Tonga, and Tuvalu.