The Pacific Islands Forum and Asian Development Bank announced an aid package to address the regional fuel crisis and collaborate on economic resilience.
1 report, 1 independent
Updated Sep 1
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What happened
The Pacific Islands Forum and Asian Development Bank announced an aid package to address the regional fuel crisis and collaborate on economic resilience.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Pacific Islands Forum
intergovernmental organization
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
Related events
- The Pacific Islands Forum met in Rarotonga to discuss priorities for accessing the Pacific Resilience Facility fund.
- The Asian Development Bank is expanding its presence to serve North Pacific members, providing financial and technical support for fiscal resilience.
- PIFLM is held in Palau, while the Middle East conflict drives fuel and supply chain disruptions across Pacific nations.