ADB ex­pands pres­ence in Van­u­atu

The Miracle - - FIJI TIMES / TURKEY - Source: fi­jitimes.com

PORT VILA,29 AU­GUST 2018 (ADB) – Asian De­vel­op­ment Bank (ADB) Vice-Pres­i­dent Stephen Groff joined the Prime Min­is­ter of Van­u­atu Char­lot Sal­wai in in­au­gu­rat­ing ADB’s ex­tended mis­sion in Van­u­atu. “ADB’s fi­nanc­ing has helped Van­u­atu achieve some real de­vel­op­ment re­sults,” said Sal­wai. “The ADB Ex­tended Mis­sion will al­low us to col­lec­tively bet­ter re­spond to the de­vel­op­ment needs of the peo­ple of Van­u­atu.” In es­tab­lish­ing the ex­tended pres­ence in Van­u­atu, ADB is reaf­firm­ing their com­mit­ment to and deep­en­ing re­la­tion­ship with the coun­try. It will bet­ter en­able ADB to pro­vide more ef­fec­tive sup­port and re­spon­sive­ness on the ground and main­tain reg­u­lar and close dia- logue with the Gov­ern­ment of Van­u­atu, civil so­ci­ety, project ben­e­fi­cia­ries, and other de­vel­op­ment part­ners. ADB’s ex­tended mis­sion for Van­u­atu as­sists the gov­ern­ment in im­ple­ment­ing its de­vel­op­ment strat­egy, the Na­tional Sus­tain­able De­vel­op­ment Plan 2016–2030, while fa­cil­i­tat­ing ac­tiv­i­ties out­lined in ADB’s Pa­cific Ap­proach 2016–2020, which serves as the over­all coun­try part­ner­ship strat­egy for the Cook Is­lands, Kiri­bati, Mar­shall Is­lands, the Fed­er­ated States of Mi­crone­sia, Nauru, Palau, Samoa, the Solomon Is­lands, Tonga, Tu­valu, and Van­u­atu. The ex­tended mis­sion is led by Arto Aho­nen. He is as­sisted by Se­nior coun­try co­or­di­na­tion of­fi­cer Nancy Wells and other sup­port staff. “In the past 37 years, ADB has pro­vided Van­u­atu with US$202.42 mil­lion to help the coun­try achieve its de­vel­op­ment goals,” said Groff. “In the next two years, ADB is ex­pected to scale up to­tal fi­nanc­ing for Van­u­atu for a fur­ther US$88.50 mil­lion.”ADB be­gan work­ing with the Gov­ern­ment of Van­u­atu in 1981. ADB has since ap­proved 16 loans to­tal­ing US$95.96 mil­lion, 14 grants worth US$83.41 mil­lion in to­tal, and 69 tech­ni­cal as­sis­tance pro­jects worth US$23.05 mil­lion.

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