Vanuatu and ADB
In the Spotlight
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Vaccinating in Vanuatu for a Healthier Future
A $15 million grant from an Asian Development Fund (ADF) 12 facility will reduce the burden of pneumonia and diarrhea in children and increase protection against the human papilloma virus in women.
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Pacific Energy Update 2019
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
Pacific Energy Update 2019 details how ADB is helping its Pacific developing member countries undertake a structural shift away from fossil fuel-based energy sources and towards renewables. Read more
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Pacific Economic Monitor – December 2019
The 2019 growth forecast for the Pacific subregion has been raised from 3.5% to 4.2%, driven mainly by higher liquefied natural gas production in Papua New Guinea and increased construction expenditure in Samoa and Solomon Islands, as well as lower-than-projected economic decline in Nauru.
However, project delays in Papua New Guinea, tepid growth in some economies, and slower recovery in others will likely moderate subregional growth to 2.6% in 2020. Read more in the latest 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.
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
Australia to Provide $14 Million, ADB $2 Million for Private Sector Initiative in the Pacific
Australia is providing $14 million in additional funding to PSDI, with ADB also contributing $2 million, to help continue efforts to make it easier for people in the Pacific start and grow their businesses.ADB's Transport Investments in Pacific Projected at Over $1 Billion for 2017–2020
ADB transport investments in the Pacific, comprised of 15 projects, is expected to reach over $1 billion during the 2017–2020 period, including $385 million in cofinancing, according to the latest issue of the bank’s...
Cook Islands Launches Registry to Improve Business, Increase Finance with Support from ADB and New Zealand
A new online registry will help improve the efficiency of doing business in the Cook Islands, making it easier for businesses and individuals to access much-needed finance to help expand and develop their operations and contribute to job...
Projects in Vanuatu
Proposed
No projects in this category were found.
Approved/Active
- Disaster Resilience Program (Phase 2)
- Pacific Private Sector Development Initiative, Phase IV
- Pacific Region Infrastructure Facility Coordination Office-Leveraging Infrastructure for Sustainable Development
- Preparing the Pacific Renewable Energy Investment Facility (Phase 2)
- Pacific Renewable Energy Program
Funding Information
Source: ADB and Vanuatu: Fact Sheet.
View on the Data Library