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    Vanuatu: Asian Development Bank Member Fact Sheet 2017

    Asian Development Bank | April 2018
    Abstract
    Vanuatu’s economy is stabilizing after the devastation of Tropical Cyclone Pam—a Category 5 cyclone that struck in March 2015—and political instability that resulted in a change of government in early 2016. Economic growth in Vanuatu is being driven by a construction boom due to disaster reconstruction and major new infrastructure projects. Tourism—which has recovered strongly and continues to have significant growth potential—and aid inflows also contribute to the country’s economic progress. However, key constraints to implementing development assistance persist. These include Vanuatu’s remoteness, small market size, underdeveloped institutions, and limited absorptive capacity. The rural economy is primarily agrarian and operates at a subsistence level, aside from some copra, beef, cocoa, and kava produced for export. In 1980, Vanuatu gained independence from France and the United Kingdom after 76 years of joint administration, and the Asian Development Bank (ADB) began supporting Vanuatu in 1981. ADB has since committed loans and grants totaling $177.99 million, and technical assistance projects worth $23.05 million.
    Citation
    Asian Development Bank. 2018. Vanuatu: Asian Development Bank Member Fact Sheet 2017. © Asian Development Bank. http://hdl.handle.net/11540/8452.
    Keywords
    Development Planning
    Development Research
    Technology Development
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development Research
    Green revolution
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Absorptive capacity
    Rural planning
    Regional development bank
    Project finance
    Strategic planning
    Infrastructure projects
    Government programs
    Public finance
    Public enterprises
    Development
    Economics
    Development In East Asia
    Development Planning
    Development Research
    Technology Development
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development strategy
    Development models
    Economic development
    New technology
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Absorptive capacity
    Economic development projects
    Economic forecasting
    Economic development projects
    Municipal government
    Technology transfer
    Exchanges of patents and technical information
    Technical education
    Technology
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Transfer Technocracy
    Absorptive capacity
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    Citable URI
    http://hdl.handle.net/11540/8452
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    van-2017.pdf (352.7Kb)
    Author
    Asian Development Bank
    Theme
    Development
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise