5 Oct 2006

ADB releases Marshalls strategy

2:44 pm on 5 October 2006

The Asian Development Bank has announced its five-year strategy to assist the Marshall Islands and it says it will focus on improvements to social services and private sector development.

From 2007 to 2011, the ADB has plans to help increase public sector productivity, improve the delivery of public services, enhance private sector development and governance.

In 2007 and 2008, the ADB will allocate nearly three million US dollars to the Marshall Islands and then review it based on performance.

Since 1990, the ADB has approved 11 loan projects to the Marshall Islands, worth a total of 74.1 million dollars.