$USD30 million for Kiribati education
THE Asian Development Bank (ADB) has approved a $USD30 million grant to deliver high-quality primary and secondary education for students in
ADB
Tuvalu seeks urgent action
TUVALU has convened a high-level donor roundtable meeting with the Asian Development Bank and UN Development Programme to call for urgent action to safeguard its future and fight against climate
Safer hospital for Kiribati
A STATE of the art Funded hospital in Kiribati will provide better, safer facilities – especially for women and
ADB to start work on Fiji and Tonga’s request to raise bonds in their local currencies
The Asian Development Bank (ADB) will now kick-start the process of due diligence to facilitate Fiji and Tonga’s request for the bank to raise local currency bonds in the Fijian dollar and
Merchant Finance Ltd launches a loan product for women entrepreneurs
Merchant Finance Limited has launched a new loan product to empower Fiji’s women entrepreneurs under the ‘Marama Finance’ initiative. The Women’s MSME loan product, backed by the Asian Development Bank
From Palau to the Pacific: Building Sustainable Energy Solutions Across Island Nations
In 2022, British electrical engineering company Utilligence secured a contract to install domestic solar systems in Palau through an Asian Development Bank partnership initiative. The project offers
How Solomon Islands’ donor-funded water plant became a costly failure
A major donor-funded water plant in the capital of Solomon Islands was supposed to fix a clean water crisis. But people involved in the project said it was doomed by the Asian Development Bank’s insistence on taking
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
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