The Asian Development Bank has welcomed the passing of legislative amendments to enable Papua New Guinea to modernize its business registry and boost business activity.
The economies of the Pacific are set to rebound in 2022, according to the latest issue of the Asian Development Bank’s Pacific Economic Monitor launched today.
The economies of the Pacific are set to rebound in 2022, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM) launched today.
ADB generally endorses new strategy for Pacific Small Island Developing States
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MANILA, PHILIPPINES (30 June 2021) The Asian Development Bank has generally endorsed a new 5-year strategy aimed at building resilience against economic shocks, delivering sustainable services, and promoting inclusive and sustainable growth in the 12 smallest Pacific island countries (PIC-12) as they rebound from the immediate shock of the coronavirus disease (COVID-19) pandemic.
The Pacific Approach, 2021–2025 serves as the country partnership strategy for the Cook Islands, the Federated States of Micronesia, Kiribati, the Marshall Islands, Nauru, Niue, Palau, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. The larger economies of Fiji and Papua New Guinea have their own country partnership strategies which guide ADB operations.