ADB lowers growth forecast amid energy market disruptions
THE Asian Development Bank (ADB) has cut its growth outlook for developing Asia and the Pacific for 2026 and lifted its inflation
ADB
ADB invests in sustainable fashion in Cook Islands
THE Asian Development Bank’s Frontier Seed initiative in the Pacific has made its first investment in the Cook Islands, backing Manini Wear with $USD130,000 in growth capital as the multilateral lender looks to
Crushing season collapses into dispute at Fiji’s key sugar mills
SUGAR has been a cornerstone of Fiji’s economy and society for more than a century, evolving from early trial plantings in the 1860s into a major export industry.
Vanuatu receives $10m ADB grant
VANUATU will receive $USD10 million from the Asian Development Bank (ADB) to strengthen project delivery, build resilience to
Where the runway becomes a playground: Tuvalu’s fight for a resilient future
IT is Wednesday afternoon in Funafuti.
ADB funds major PNG water upgrade
THE Asian Development Bank (ADB) has approved a $USD60.9 million loan to improve water supply and sanitation in the Papua New Guinean
Forum, ADB sign deal
THE Pacific Islands Forum (PIF) and the Asian Development Bank (ADB) have signed an agreement to deepen collaboration across key regional
ADB boosts support for Solomon Islands’ economic development
A MAJOR boost for Solomon Islands comes as the Asian Development Bank (ADB) strengthens its presence, focusing on transformative projects in energy and education to support sustainable economic growth and
Palau president at ADB
ASIA Development Bank President Masato Kanda met with Palau President Surangel S. Whipps Jr. this week as the bank scales up its support for small island developing
ADB appoints Takafumi Kadono as Papua New Guinea country director
TAKAFUMI Kadono has assumed office as the new Country Director of the Asian Development Bank’s (ADB) Papua New Guinea (PNG) Resident Mission in Port
$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
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
