ADB's Work in Vanuatu
Shareholding and Voting Power
Number of shares held:
708 (0.007% of total shares)
39,822 (0.299% of total membership, 0.460% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Vanuatu is an archipelago with a population of about 297,000 people spread across 84 islands in the West Pacific. It is ranked the most vulnerable country in the world to natural disasters and the effects of climate change.
Economic growth has traditionally been driven by tourism, public spending on infrastructure, private sector construction activities, and aid flows. The largely rural population is engaged in subsistence farming and limited production of copra, beef, cocoa, and kava for export.
In March 2020, the coronavirus disease (COVID-19) pandemic forced the Government of Vanuatu to close the country’s borders, leading to a collapse in tourism revenues and high socioeconomic costs. In April, Vanuatu was struck by Cyclone Harold, which caused significant crop losses and had cascading effects on employment and the economy.
Fishermen exploring the waters for a catch in Malekula, Vanuatu.
The Asian Development Bank (ADB) has supported Vanuatu since 1981, with robust assistance to build economic resilience, upgrade transport and energy assets, and improve urban infrastructure and health systems.
Since 1981, ADB has committed loans totaling $96.8 million, grants of $64.2 million, technical assistance worth $25.3 million, and ADB-administered cofinancing of $71.3 million for Vanuatu.