The Asian Development Bank will target priority infrastructure investments and private sector development initiatives in the
over the next three years. The regional lender is granting $26 million under a new interim country partnership strategy for the island nation to bolster its transport infrastructure network. "With the Interim CPS, ADB is responding through a sharply focused strategy and program, which seeks to promote private-sector led economic growth through improved transportation infrastructure and services and a more conducive environment for business," according to S. Hafeez Rahman, director general of ADB's Pacific department. The bank has also a new country partnership strategy with
from 2010 to 2014. Vanuatu may access some $32 million in lending support and a further $5 million in technical assistance under the new strategy, which will focus on improving sanitation and drainage facilities, transport infrastructure and private sector development.
