What's New

ADB and the Government of Vanuatu signed grant agreements for a project that aims to address the needs of poor and vulnerable groups affected by the COVID-19 pandemic, while building their resilience to external shocks in the future.

ADB and the Government of Samoa participated in an inauguration ceremony for a new tugboat funded by the ADB-supported Apia Port project.

A revival in tourism is expected to boost economic growth in the Pacific in 2022 and 2023, but the COVID-19 pandemic, rising commodity prices, and climate change continue to pose risks, according to the Asian Development Bank.

ADB has approved $13 million to expand lending for businesses in five Pacific countries.