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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