Vanuatu and ADB
In the Spotlight
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Building Resilience is Key to Economic Growth in the Pacific
The economies of countries in the Pacific are expected to recover over the next two years, although building resilience against natural hazards and climate change remains a key priority, according to a new ADB report.
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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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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
ADB Appoints Lotte Schou-Zibell as New Pacific Regional Director Based in Australia
ADB has appointed Ms. Lotte Schou-Zibell as the new Regional Director of its Pacific Liaison and Coordination Office (PLCO) based in Sydney.Pacific Social Development Improving, But Challenges Remain — ADB
essons from the impact of the global economic crisis a decade ago, plus a sustained period of economic growth, has helped to drive substantial social development gains in the Pacific, according to the latest issue of ADB's...
The Pacific’s economic outlook remains solid despite the global slowdown. While social development gains in the region have been steady, some big challenges remain.
Pacific Economic Monitor – July 2019
Projects in Vanuatu
Approved/Active
- Preparing the Pacific Renewable Energy Investment Facility (Phase 2)
- Pacific Renewable Energy Program
- 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)
Funding Information
Source: ADB and Vanuatu: Fact Sheet.
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