Asian Development Bank and Vanuatu: Fact Sheet
ADB will focus its assistance to Vanuatu on helping to improve public financial management, transport, urban infrastructure, renewable energy, disaster risk management, water and sanitation, access to finance, and social protection.
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.
As a tourism-dependent economy that is also highly exposed to destruction from natural disasters, Vanuatu will require short-term support to overcome the impacts of the COVID-19 pandemic, as well as longer-term assistance to build resilience to catastrophic climate events.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.