Kiribati and ADB
In the Spotlight
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
Pacific Energy Update 2019 details how ADB is helping its Pacific developing member countries undertake a structural shift away from fossil fuel-based energy sources and towards renewables. Read more
乐动体育注册The 2019 growth forecast for the Pacific subregion has been raised from 3.5% to 4.2%, driven mainly by higher liquefied natural gas production in Papua New Guinea and increased construction expenditure in Samoa and Solomon Islands, as well as lower-than-projected economic decline in Nauru.
However, project delays in Papua New Guinea, tepid growth in some economies, and slower recovery in others will likely moderate subregional growth to 2.6% in 2020. Read more in the latest Pacific Economic Monitor
Dilly Faulkner, 52, is a general construction supervisor who worked on a key part of the Kiribati Road Rehabilitation Project. He oversaw a team of workers that had to dig up and repair sections of the unsealed road so that it was flat and stable enough for the sealed road to be built over the top of it. Read more
乐动体育注册Tourism in the Pacific is increasing and will be a key driver of economic growth in the coming decade. Yet despite more visitors to the Pacific, tourism growth is not inevitable for all countries in the region.
乐动体育注册Kiribati is one of the most remote and geographically dispersed nations on the planet. It is extremely vulnerable to external shocks due to its vulnerability to climate change, dependence on imports, and reliance on income from overseas sources. Development of the country’s private sector has been constrained by high costs of doing business, the size and scale of the economy, and the country’s widely dispersed population. With a large public sector, maintaining fiscal sustainability is the government’s key priority.
The ADB program in Kiribati supports the government’s efforts to improve both fiscal stability and management and the business climate.
Projects in Kiribati
- Pacific Private Sector Development Initiative, Phase IV
- Pacific Region Infrastructure Facility Coordination Office-Leveraging Infrastructure for Sustainable Development
- South Tarawa Water Supply Project
- Preparing the Pacific Renewable Energy Investment Facility (Phase 2)
- Pacific Renewable Energy Program