Regional Operations Business Plan: Pacific 2019–2021

Abstract

Fostering regional cooperation and integration (RCI) is an operational priority under Strategy 2030, which highlights ADB’s commitment to prioritize support for the poorest and most vulnerable countries, including small island developing states. Within the overarching framework of Strategy 2030, the Asian Development Bank’s (ADB) focus on RCI in the Pacific is guided by the Pacific Approach, 2016–2020, which outlines a strategy for (i) reducing the cost of doing business and providing social services; (ii) managing risks from economic shocks, natural disasters, and climate change; and (iii) enabling value creation by supporting private sector growth and investment. ADB’s regional engagement in the Pacific is in line with the RCI operational plan, 2016–2020, which focuses on strengthening connectivity between economies, raising competitiveness in connected markets, and investing in regional public goods and collective action. This Pacific regional operations business plan (ROBP) outlines ADB’s RCI activities in the Pacific; it is consistent with, although inevitably only a subset of, ADB’s broader engagement with Pacific countries as set out in country operations business plans for Fiji, Papua New Guinea (PNG), Timor-Leste, and for the 11 small Pacific island countries combined. The assistance results areas are in Appendix 1 and the list of linked documents is in Appendix 2.