Small Pacific economies are particularly vulnerable to the impacts of disasters on economic growth. Special support systems need to be in place to help them respond.
Blog posts on "Tonga"
Criminals must be prevented from using the financial system but misdirected efforts to stop crime can harm small businesses and the jobs they create
Contingent financing provides quick, flexible financing for vulnerable countries in the Pacific to respond and rebuild after disasters
It is times like this that you need your friends the most, like Fiji and Tonga.
Climate change these days is the new development buzzword, and rising sea levels and drought incidences highlight the increasing urgency for action. Yet for some reason, there is disconnect between the high level commitment to action and the carrying out of projects that effect change.
ADB is expecting growth to moderate across ADB's Pacific developing member countries (DMCs) this year (including Timor-Leste), mostly as a result of solid but slower growth in a few of the region’s larger, natural resource–extracting economies.
For the small, isolated Pacific islands, access to more affordable and reliable telecommunications, particularly high-speed (broadband) internet, offers new economic opportunities. It has been estimated that a 10% increase in broadband penetration raises GDP by over 1% in such countries.