Vanuatu and ADB
In the Spotlight
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Utilities Reform Needed for Better Service Delivery in the Pacific — ADB
Investments in basic services must be complemented by policy and regulatory reforms as well as capacity development to support a shift towards more commercially viable utilities in the Pacific, says the latest issue of the ADB Pacific Economic Monitor.
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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 2017
This document provides an overview of ADB’s transport projects in the Pacific region. It highlights the impacts and outcomes of initiatives completed in 2016 and active in 2017.
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
Eleven (11) Small Pacific Island Countries: Country Operations Business Plan (2019-2021)
In line with the Pacific Approach, the country operations business plan for 2019−2021 takes a multicountry approach to identify common development challenges and opportunities for operational efficiencies across the 11 small Pacific island countries.
New ADB Regional Director to Focus on Infrastructure, Private Sector Development
Mr. Masayuki Tachiiri has assumed office as Regional Director of ADB's Pacific Subregional Office in Suva.ADB Lowers 2018 Growth Forecast for Pacific, Sees Recovery in 2019
ADB forecasts economic growth of 1.1% in the Pacific subregion in 2018, down from earlier forecasts due to disaster-related challenges and declines in public spending.
Projects in Vanuatu
Approved/Active
- 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)
- Improving Internet Connectivity for the South Pacific Project
- Capacity Building and Sector Reform for Renewable Energy Investments in the Pacific
Funding Information
Source: ADB and Vanuatu: Fact Sheet.
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