Fiji, Oct. 22 -- The Asian Development Bank (ADB) is stepping up its focus on economic resilience, infrastructure and private sector development in the Pacific as global uncertainty exposes the vulnerability of small island economies to external shocks.
Emma Veve, Director General of ADB's Pacific Department, said the bank's new Pacific Approach 2026-2030 recognised the region's exposure to events beyond its borders, including their effects on economic growth and inflation.
"The Pacific is hugely impacted by external events. They're small, open economies, so they feel it when things happen in other countries," Veve said.
"They really feel it through impacts on growth and inflation. These global events are really showing how the impacts o...