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14 Apr 2018 description

Introduction

Disaster events have lasting impacts on people, communities, and socioeconomic development. Countries in the Pacific are among the most exposed, globally, to natural disasters, including floods, droughts, cyclones, and earthquakes. The effects of climate change threaten to increase the severity and frequency of hazard events in the Pacific region, emphasizing the need for Pacific island countries to protect themselves against corresponding social and economic consequences.

19 Dec 2017 description

MANILA, PHILIPPINES (18 December 2017) — The Asian Development Bank’s (ADB) Board of Directors has approved a total of $15 million in financing, comprised of policy-based loans and grants, for the Pacific Disaster Resilience Program which will help strengthen Samoa, Tonga, and Tuvalu’s resilience to disasters.

24 Apr 2016 description

The ADB program in Samoa has provided loans, grants and technical assistance to grow the country’s economy and improve the lives of people, particularly the poor, women, children and other vulnerable groups.

ADB has been working with Samoa since 1966, with approved loans, Asian Development Fund grants, and technical assistance totaling $340.46 million.

05 Aug 2015 description

This issue of the Pacific Economic Monitor updates the 2015 and 2016 GDP growth and inflation projections for ADB's Pacific developing member countries. The policy briefs included in this issue focus on disasters in the Pacific.

Highlights

Highlights from this issue of the Pacific Economic Monitor include the following:

15 Jul 2015 description

This issue of the Pacific Economic Monitor updates the 2015 and 2016 GDP growth and inflation projections for ADB's Pacific developing member countries. The policy briefs included in this issue focus on disasters in the Pacific.

Highlights

Highlights from this issue of the Pacific Economic Monitor include the following:

27 Nov 2013 description

Major Report Details Potential Costs of Climate Change in the Pacific - ADB

SYDNEY, AUSTRALIA – The economic loss suffered by the Pacific region could range from 2.9% to as high as 12.7% of annual GDP by 2100, according to a new study from the Asian Development Bank (ADB).

23 Aug 2013 description

The Pacific Islands Forum leaders have long recognized climate change as a priority development issue that requires coordinated global efforts for a more effective response. ADB’s position allows it to analyze the complex problems at all levels, identify appropriate solutions based on a comprehensive understanding of the countries’ needs and capacities, and mobilize technical and financial assistance. For their part, Pacific developing member countries (DMCs) have begun to mainstream climate change considerations in their national policies and planning processes.

08 Nov 2012 description

ISTANBUL, TURKEY – The Climate Investment Funds (CIF) wrapped up week-long meetings with more than $160 million allocated for developing countries in Asia and the Pacific to expand access to renewable energy, manage forests to conserve their carbon, and build resilience to the adverse impacts of climate change.

11 Oct 2011 description

Small island countries like those in the Pacific are most vulnerable to the effects of climate change. The likelihood of extreme weather events such as sea level rise, extreme rainfall, droughts, increased and intensified tropical cyclones, and increase in sea surface temperature is expected to adversely impact Pacific DMCs economically, socially and environmentally. Alongside having to address climate change issues are the increasing and recurring urbanization issues which are exacerbated by climate change.

15 Apr 2010 description

MANILA, PHILIPPINES - The Asian Development Bank (ADB) is providing program loan assistance of up to $26.8 million to Samoa to help the Pacific Island nation revive its economy in the wake of the global financial crisis and devastating tsunami of September 2009.

Up to $16 million equivalent will be extended for the first phase of the Economic Recovery Support Program, with an additional $10.8 million earmarked for the second phase.

The support is being closely harmonized with that of other development organizations, including the Australian Agency for International Development, New …

25 Nov 2009 description

MANILA, PHILIPPINES - The Asian Development Bank (ADB) has launched a new approach to improve its development efforts in the Pacific.

The Pacific Approach 2010 - 2014 sets out the overarching framework for ADB's operations in its 14 Pacific developing member countries (Pacific DMCs), and represents a shift in emphasis by paying attention not only on the type of development assistance ADB provides, but also on how best such assistance is delivered on the ground.

05 Oct 2009 description

MANILA, PHILIPPINES - The Asian Development Bank (ADB) will provide $1 million to support emergency relief efforts in Samoa, following last week's devastating tsunami which left close to 170 people dead and thousands homeless.

The funds will be used to supply a wide variety of essential needs to people affected by the disaster, and will include items such as food, clean water, clothing and medical supplies.

"The ADB is committed to helping the people of Samoa through this very difficult and painful time," said Sultan Hafeez Rahman, Director General of ADB's Pacific …

01 Oct 2009 description

MANILA, PHILIPPINES - Asian Development Bank (ADB) President Haruhiko Kuroda has expressed his deepest sympathy and offered ADB assistance to Samoa for the loss of lives and destruction of property following the tsunami and earthquake of 29 September 2009.

"On behalf of ADB, its staff and Management, I would like to express our deepest sympathy to the people and the Government of Samoa, and in particular to those most directly affected," said Mr.