Vanuatu and ADB
In the Spotlight
Mapping Fragile and Conflict-Affected Situations in Asia and the Pacific: Development Challenges in Vanuatu
Vanuatu exited ADB’s list of fragile and conflict-affected situations in 2013; however, ADB continues to pay attention to the country’s fragility issues. Due to rapidly increasing population dispersed across many islands and a narrow economic base, it is difficult for development benefits to reach the rural areas where 80% of Vanuatu’s population lives.
With average growth in the Pacific now projected at 2.7% in 2016 and 3.3% in 2017, the lowest since the global financial and economic crisis, policies to reinvigorate and sustain economic activity need to be prioritized, according to the December 2016 issue of the Pacific Economic Monitor.
The Vanuatu country operations business plan (COBP) 2017–2019 is aligned with the strategic priorities of the Pacific Approach, 2016–2020; the Midterm Review of Strategy 2020; and the government’s Priorities and Action Agenda, 2006–2015, along with Vanuatu’s infrastructure strategic investment plan and national energy road map.
The Asian Development Bank and the Vanuatu government signed an agreement to establish an extended mission in Port Vila – an in-country presence which will enable ADB to provide faster and better responses to the country's needs.
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.
Projects in Vanuatu
Population living below the national poverty line in Vanuatu (2010)
Population in Vanuatu, in millions (2015)
Average annual population growth rate in Vanuatu (2010-2015)
Maternal mortality ratio in Vanuatu, per 100,000 live births (2015)