In the Spotlight
The Asian Development Bank joined with the Global Environment Facility at COP27 to announce $12.5 million in grants for the Blue Pacific Finance Hub.
This annual report outlines how the Pacific Private Sector Development Initiative (PSDI) supported the enabling environment for business and helped foster inclusive private sector-led economic growth in the Pacific during 2021.
A 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.
Pacific Returns to Positive Growth as Vaccinations, Border Reopenings Strengthen Economies in 2022 — ADB
After 2 years of recession caused by the COVID-19 pandemic, the Pacific is expected to return to positive growth this year, according to the Asian Development Outlook (ADO) 2022, ADB’s flagship economic publication.