News Releases

16 December 2019
Australia to Provide $14 Million, ADB $2 Million for Private Sector Initiative in the Pacific

SYDNEY, AUSTRALIA (16 December 2019) — The Government of Australia is providing $14 million in additional funding to the Pacific Private Sector Development Initiative (PSDI), with the Asian Development Bank (ADB) also contributing $2 million.

find out more
12 December 2019
Cook Islands Launches Registry to Improve Business, Increase Finance with Support from ADB and New Zealand

RAROTONGA, COOK ISLANDS (12 December 2019) — A new online registry will help improve the efficiency of doing business in the Cook Islands, making it easier for businesses and individuals to access much-needed finance to help expand and develop their operations and contribute to job creation and incl

find out more
4 September 2019
Commercially Oriented State-Owned Banks Can Help Fill Pacific Business Financing Gap — ADB

SYDNEY, AUSTRALIA (4 September 2019) — Commercially oriented state-owned banks can help provide much-needed financing for businesses in the Pacific, but only if they strictly adhere to commercial principles and regulations, says a new Asian Development Bank (ADB) report.

find out more
10 May 2019
Empowered Women Will Drive Economic Growth in the Pacific — ADB

SYDNEY, AUSTRALIA (10 May 2019) — Making it easier for women in the Pacific to start businesses and gain formal employment will improve livelihoods and create more open and productive economies, says a recently released book by the Asian Development Bank (ADB).

find out more
21 March 2019
South Pacific's Biggest Solar Plant to Help Tonga Meet Renewable Energy Target

NUKU’ALOFA, TONGA (21 March 2019) — The largest solar plant in the south Pacific will be built in Tonga through the country’s second commercially financed public-private partnership (PPP) after an agreement was signed in Nuku’alofa today.

find out more
23 February 2019
High-end Tourism Best Option for Economic Growth in Palau: ADB

KOROR, PALAU (23 February 2017) — Strong economic growth is masking urgent infrastructure and environmental challenges that threaten the long term sustainability of Palau’s economy, says an Asian Development Bank (ADB) report released in Koror today.

find out more