ADB works with the Pacific's 14 developing member countries to help build resilience against economic shocks, deliver sustainable services, and promote inclusive and sustainable growth.
ADB Vice-President Scott Morris arrived in Papua New Guinea today to discuss ADB’s assistance program with various stakeholders, including high-level government officials and civil society, and visit project sites.
ADB and the Government of Nauru have signed a $5 million policy-based grant agreement to help assist Nauru introduce a gender-responsive fiscal sustainability approach aimed at reducing debt, improving debt management practices, raising revenue, supporting state-owned enterprises, and helping the country’s most vulnerable citizens.
ADB joined the Government of Kiribati and other development partners in a groundbreaking ceremony today to officially mark the first step toward the construction of the largest solar photovoltaic plant in Kiribati.
Economic growth in the Pacific is projected to moderate in 2024 before picking up in 2025, according to the Asian Development Outlook April 2024, ADB’s flagship economic publication, released today.
ADB’s PLCO in Sydney serves as the focal point for programming, processing, and administering assistance to Nauru, the Solomon Islands, and Vanuatu.
The SPSO in Suva serves as the focal point of ADB for programming, processing, and administering assistance in the Cook Islands, Fiji, Kiribati, Niue, Samoa, Tonga, and Tuvalu.
"With ADB’s Strategy 2030 as a guide, ADB will use knowledge, innovation, and collaboration to help ADB’s Pacific developing members achieve their development goals.
Good progress has been made but more needs to be done as 2020 and a new decade bring more challenges and opportunities to the region."
Leah Gutierrez
Director General, Pacific Department
ADB’s partnerships with donor and member countries, international development agencies, private institutions, and others are vital for helping to make a real difference in the lives of people in the Pacific.
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