IMF, ADB set sights on $37m Solomon Islands aid audit
The International Monetary Fund (IMF) and Asian Development Bank are poring over a highly critical audit of a multimillion-dollar COVID-19 aid package in Solomon
ADB
Kiribati, Niue and Tuvalu struggle to keep up with high cost of living
Purchasing basic commodities, such as food, has been a big challenge for residents of Kiribati, Niue and Tuvalu, which are most affected by global inflation, according to the Asian Development Bank’s latest economic
How are Pacific government-owned airlines performing?
Throwing good money after bad? An expert on State Owned Enterprises with the Asian Development Bank’s (ADB) Private Sector Development Initiative, Christopher Russell says the Samoan government’s experience with
Switching on renewables
The ambitious renewable energy targets set by many Pacific Island nations may be running behind schedule, but there is still a lot of activity and investment in the sector, pandemic
ADB predicts modest growth for Pacific economies this year
The Asian Development Bank expects Pacific Island economies to return to positive growth this year, although at different rates, and with a great deal riding on successful vaccine roll-outs. Pacific economies contracted
ADB further downgrades Pacific growth expectations
Economic growth expectations for the Pacific have been downgraded to decline by 6.1% for 2020. The Asian Development Bank had originally forecast a 4.3% decline in July of this year. “Vaccine procurement and
ADB releases loans, grants for Pacific
The Asian Development Bank has announced a series of grants to Pacific nations. US$13.3million has been made available to 10 nations—Cook Islands, Kiribati, Marshall Islands, Federated States of Micronesia, Palau,
Fiji faced with a potential US$608 million tourism loss
Fiji is looking at a potential loss of F$1.4 billion (US$608 million) in tourism earnings as global travel grinds to a halt by the ongoing coronavirus pandemic. This is according to a recent assessment by the ANZ Bank
Potential wait of “months” for green light on Fiji US$200m ADB loan bid
Fiji’s loan request of US$200million (F$460m) from the Asian Development Bank (ADB) “will be considered by ADB’s Board of Directors in the coming months,” according to a statement from the ADB this