The Pacific

ADB is working with 14 Pacific developing member countries to help address their particular conditions, and to encourage regional approaches to common challenges. ADB's assistance is guided through its revised Pacific Strategy 2005-2009, which promotes access of the poor to cash income opportunities, through efficient markets, and improved social services for the poor.

For ADB in the Pacific, 2007 proved to be the strongest year yet in terms of the value of lending, grants, and cofinancing received. Loans totaling $126.6 million and grants of $46.5 million were approved.

The Latest in the Pacific

Navigating the Global Storm

The global financial crisis emerged at an alarming rate. A global credit squeeze led to large falls in international stock markets and the world economy is weakening rapidly. The Pacific is largely shielded from the most immediate effects of the crisis, but it is not immune. This Policy Brief provides early advice on what the global financial crisis could mean for the Pacific and what it could do to lessen its adverse impacts. The key response should be to reinvigorate structural reform, which is crucial to achieving sustained economic growth.
Cook Islands 2008 Social and Economic Report: Equity in Development

Cook Islands has transformed its economy since the public debt crisis of the mid-1990s. The economy is privatesector-led, the Government is now on a sound financial footing and well placed to address key development issues, and the economy has proved its resilience in the face of five cyclones in 2005.
Capacity Development in the Pacific

In some Pacific island countries, there are serious limitations to public and private sector performance. These limitations are rooted in an inability of the public service to provide, and civil society to demand public services as well as the means to create more businesses and jobs.



	Latest ADB Pacific News



	Japan, ADB, Australia Join Forces to Standardize Audit Process in Pacific Pacific Nations Must Boost Structural Reform to Withstand Global Crisis - ADB Study New Pacific Study Calls for More Consultations, Participatory Governance ADB to Help Five Pacific Nations Improve Energy Use



	Events



	ADB-AusAID-NZAID-World Bank High Level Pacific Cooperation Meeting, 27-28 August During the Pacific-focused, high-level consultations in Sydney, development partners reviewed regional key issues and discussed the cooperation agenda for areas such as: infrastructure, private sector development, capacity development, climate change, and oil and food prices. ADB delegation is led by VP Greenwood. Learn more about ADB's response to high oil and food prices in the Pacific. Pacific 2020* The 2020 project is an initiative by Australia to support broad-based economic growth in the Pacific. The main component is a high level report that examines practical policy choices for stimulating sustainable and widely shared economic growth in the Pacific.

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