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ADB 2019: Vanuatu To Highlight Climate Change Issues

We have been a member of ADB since 1981. ADB is active on the financing institution for most of our approaches. Not only for Government but also for private sectors as well.
02 May 2019 22:42
ADB 2019: Vanuatu To Highlight Climate Change Issues
Governor of the Reserve Bank of Vanuatu Simeon Athy (left) and Vanuatu Governor for ADB Board and Minister for Finance Gaetan Pikioune at Sheraton Resort Denarau on May 1, 2019. Photo: Lusiana Tuimaisala.

Climate change is one of the main issues that will be raised by the Vanuatu Government during the 52nd Asian Development Bank meeting that is currently underway at the Sheraton Resort in Denarau.

Governor of the Reserve Bank of Vanuatu, Simeon Athy said the meeting between Pacific Development Member Countries Governors and ADB management was vital.

“This meeting is very important because this is the only time, we can have a dialogue with the ADB President to exchange development plans. This is very important for all small island countries where all our concerns can be raised.

“Many issues that will be highlighted in this meeting that are common among Pacific Island countries,” Mr Athy said.

He said that one of the main issues they would raise was climate change.

“How can we face up to the challenges of climate change? This issue is very important to Vanuatu and another small PIC’s.

“We in the Pacific have done so much on this climate change issue, and it needs to be carried on.”

Mr Athy said he had attended past ADB meeting since 2003 and many issues that were raised have been solved.

“We also have other issues like governance institutions and this is also very important for us.

“These are some of the things that need to be addressed in this meeting.”

When asked on what sort of assistance they hoped for from ADB?

Mr Athy said: “We have been a member of ADB since 1981. ADB is active on the financing institution for most of our approaches. Not only for Government but also for private sectors as well.

“Since 1981, the ADB and Vanuatu Government have been working together to build the economy and make the whole country from the capital city to the remote outer islands more resilient.”

Mr Athy said ADB operations in Vanuatu supports three priority sectors which are energy, transport, and water and other urban infrastructure and services.

“The bank has since committed loans and grants totalling $178.5 million, and technical assistance projects worth $23.8 million.

“The ADB country operations business plan, from 2018 to 2020 for Vanuatu will continue to support three priority sectors: energy, transport, and water and other urban infrastructure and services.

“We are hopeful that this year’s ADB meeting will be a fruitful one.

“We are pushing and we are trying to have more donors work with the multilateral institutions,” Mr Athy said.

He congratulated Fiji for being the first in the Pacific to host the annual event.

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