Vanuatu and ADB
In the Spotlight
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Pacific Economic Monitor – December 2018
The December 2018 issue of the Pacific Economic Monitor provides an update on developments in 14 Pacific economies, explores topical policy issues in the region over the years, and presents global forecasts for 2019.
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Our Work in the Pacific
ADB is scaling up its assistance in the Pacific, with our active portfolio growing from $500 million in 2004 to $2.6 billion at the end of 2017.
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Encourage Private Sector Development to Boost Growth in Vanuatu — ADB
Efforts to support private sector development should be stepped up to boost Vanuatu’s economy, with growth expected to moderate to 3.2% in 2018 and 3.0% in 2019, says a new ADB report.
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Pacific Transport Update 2018
The Pacific Transport Update 2018 provides an update of transport projects and assistance of ADB in the Pacific as of 2018. ADB continues to assist in the development of the transport sector in 14 Pacific countries through technical assistance, loan, and grant financing.
Vanuatu has posted strong economic performance in recent years, driven primarily by tourism, construction, and aid inflows from development partners. However, key constraints to implementing assistance programs persist. These include the country’s remoteness, small market size, underdeveloped institutions, and limited absorptive capacity. The rural economy is primarily agrarian, with largely subsistence farming, aside from some copra, beef, cocoa, and kava produced for export.
The country operations business plan (COBP), 2017-2019 for Vanuatu is aligned with the government’s Priorities and Action Agenda, 2006-2015, infrastructure strategic investment plan, and national energy road map. ADB operations support energy, transport, water and other urban infrastructure and services, and public sector management.
Latest
Debt Management, Investment Planning Critical for Pacific — ADB
Countries in the Pacific should improve their debt monitoring systems and strengthen investment prioritization to better manage the risk of debt distress, says the latest issue of ADB's Pacific Economic Monitor.
The December 2018 issue of the Pacific Economic Monitor provides an update on developments in 14 Pacific economies and explores topical policy issues in the region.
Pacific Economic Monitor – December 2018
United States Joins Pacific Region Infrastructure Facility
ADB has welcomed the United States as the newest member of the Pacific Region Infrastructure Facility (PRIF) during a PRIF agency member leaders meeting today.
Projects in Vanuatu
Proposed
No projects in this category were found.
Approved/Active
- Implementing a Differentiated Approach to Urban Development in the Pacific
- Asian Development Outlook 2019–2021
- Pacific Information and Communication Technology Investment Planning and Capacity Development Facility (Phase 2) - Information and Communication Technology Sector Assessment in the Pacific DMCs (Subproject 2)
- Enhancing ADB’s Support for Social Protection to Achieve the Sustainable Development Goals
- Pacific Information and Communication Technology Investment Planning and Capacity Development Facility (Phase 2) - Feasibility Assessment for e-Government Rollout in the Pacific Developing Member Countries (Subproject 1)
Funding Information
Source: ADB and Vanuatu: Fact Sheet.
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