Asian Development Bank and Palau: Fact Sheet
To support sustainable recovery from the COVID-19 pandemic, ADB will continue to concentrate its assistance to Palau on improving public sector performance and promoting private sector development.
Despite its tourism industry and Compact assistance, Palau is exceptionally vulnerable to natural disasters, and its narrow economic base exposes it to international market volatility. The coronavirus disease (COVID-19) pandemic and associated travel restrictions severely threaten Palau’s tourism-based economy—emphasizing the need for prudent financial management and deeper private sector involvement as the country pursues more inclusive and sustainable growth.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.