Philippines, Oct. 21 -- The Asian Development Bank (ADB) has launched a new five-year strategy to strengthen resilience and expand economic opportunities in 12 Pacific island countries (PIC-12).The Pacific Approach, 2026-2030 will guide ADB's partnership with the Cook Islands, Kiribati, the Marshall Islands, the Federated States of Micronesia, Naoero, Niue, Palau, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu.Facing some of the world's highest exposure to disasters related to the changing climate, high costs of delivering services, and constrained institutional capacity, Pacific island economies require development solutions tailored to their unique circumstances. The Pacific Approach introduces a more differentiated and flexible way o...