Vanuatu and ADB
In the Spotlight
Finding Balance 2016: Benchmarking the Performance of State-owned Enterprises compares the financial performance of SOEs in Fiji, Kiribati, Marshall Islands, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, and Vanuatu, as well as Jamaica and Mauritius.
ADB has scaled up its assistance to Pacific countries from about $500 million in 2004 to more than $2 billion by the end of 2015, supporting the construction of infrastructure such as transport, energy, water and sanitation, and information and communication technology.
About 2.7 million metric tons of tuna is caught each year in the western and central Pacific.
In Vanuatu, only a third of households have electricity and almost half of those with electricity are not connected to the grid. The Government of Vanuatu has set a target in its National Energy Roadmap of achieving 100% energy access by 2030, a major portion of which will come from renewables. Learn more about the initiative
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.
ADB's country operations business plan (COBP), 2016-2018 addresses the development needs of Vanuatu in four core sectors: energy, transport, water and other urban infrastructure and services, and private sector development.