20 Sep 2018

Asian Development Bank boosts presence in Pacific

From , 3:03 pm on 20 September 2018

The Asian Development Bank is beefing up its presence in the region with new and expanded offices in about half of the Pacific's small island countries.

The bank, known as the ADB,  provides loans, grants and other help to its members and has 700 million US dollars worth of projects in the region.

The ADB's Paul Curry told Sally Round the scale-up reflects the bank's growing portfolio in the Pacific, rather than any race for a spot in an increasingly contested space.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific. Photo: AFP/ Jay Directo