What's New
ADB and Vanuatu Sign Grant for $5.3 Million Project That Targets Recovery of Poor and Vulnerable Groups from COVID-19ADB 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, Samoa Launch Tugboat as Part of Apia Port Project ADB and the Government of Samoa participated in an inauguration ceremony for a new tugboat funded by the ADB-supported Apia Port project.
Tourism Boosts Pacific Economic Outlook, but COVID-19, Rising Prices Pose RisksA 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 Approves $13 Million for Pacific Small BusinessesADB has approved $13 million to expand lending for businesses in five Pacific countries.
