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This edition of the Pacific Economic Monitor updates 2013 and 2014 GDP growth and inflation projections for ADB's Pacific developing member countries. The theme of the policy briefs included in this issue is regional cooperation and integration.
This edition of the Pacific Economic Monitor discusses 2013 and 2014 GDP growth and inflation projections for ADB's Pacific developing member countries. The theme of the policy briefs included in this issue is energy in the Pacific.
This issue of the Pacific Economic Monitor analyzes 2013 budget outcomes and 2014 budget plans of ADB's Pacific developing member countries. The theme of the policy briefs also in this issue is the economics of climate change and climate change financing challenges in the Pacific.
This issue of the Pacific Economic Monitor updates the 2015 and 2016 GDP growth and inflation projections for ADB's Pacific developing member countries. The policy briefs included in this issue focus on disasters in the Pacific.
To help overcome remoteness, Pacific economies are looking to improve economic integration not only through ICT and transport network investments, but also by promoting greater competition and private investment. Enhancing connectivity is crucial to the Pacific and its people, who constantly contend with the challenges of geographic isolation and remoteness. Physical connectivity through air and maritime links brings people, goods, and services to and from the Pacific while digital connectivity through information and communication technology (ICT) integrates the region with the rest of the world. This section tackles Pacific developing member countries' efforts to enhance connectivity by expanding internet and other ICT connections, improving and maintaining transport networks, and strengthening investment facilitation. Ultimately, the goal of connectivity is to link Pacific peoples with each other, and enable them to access goods and important social services, as well as economic opportunities, locally and globally.
The Pacific's economic outlook remains solid despite the global slowdown. While social development gains in the region have been steady, some big challenges remain. This issue of the Pacific Economic Monitor begins with an overview of international and regional economic developments. It features 13 articles and policy briefs that explore socioeconomic development in the Pacific, particularly on social protection, education, elderly care, health care and health financing, pension schemes, water and sanitation, nutrition, employment, and financial inclusion.
This issue highlights the economic prospects of the Pacific developing member countries (Pacific DMCs) and stresses the importance of improving the quality and access to basic and sustainable utilities in the Pacific DMCs. Access to electricity is low in the Pacific, particularly in the more remote and less developed parts of the subregion. Factors contributing to this include dependence on costly fossil fuels for power generation, inadequate investment in infrastructure, and electricity services that may be beyond the means of poorer rural households. To help address these challenges, most Pacific governments are taking steps to shift toward renewable energy and ultimately meet ambitious targets under international climate change commitments. Further, they have made strategic investments in more effi cient transmission networks, and better collection and payment systems.
This publication provides an update on developments in Pacific economies, explores topical policy issues in the region over the years, and presents global forecasts for 2019. It includes an outline of the economic setting, as well as country economic issues and specific policy briefs for 14 Pacific economies. This includes analysis of critical development challenges including connectivity, climate change and disaster resilience, tourism, fisheries, and public sector management. The December 2018 issue also focuses on debt sustainability amid clear financing needs to help address remaining infrastructure and services gaps in the Pacific.
An analysis of 2014 budget outcomes and 2015 budget plans of Pacific developing member countries of the Asian Development Bank is the focus of this issue of the Pacific Economic Monitor. The policy briefs in this issue consider longer-run opportunities and challenges facing Pacific economies from changing external conditions.
The December 2012 edition of the Pacific Economic Monitor examines the fiscal position of ADB's Pacific developing member countries and their budget plans for 2013. Special articles included in this issue focus on economic management and growth prospects in smaller Pacific island economies.