The government of Vanuatu and Asian Development Bank have signed a deal formalizing ADB’s joint presence with the World Bank in the Pacific country. The joint liaison office opened in August 2010.
ADB has an ongoing partnership with AusAID on reforming state-owned enterprises in Vanuatu and is developing an interisland shipping project with the New Zealand Aid Program and an urban development initiative with the Australian aid agency.
“The expansion of ADB’s activities in Vanuatu, especially in the areas of infrastructure investment, private sector development, and renewable energy, calls for strengthened engagement with the Government, and we are delighted that this new joint ADB/World Bank Liaison Office will help facilitate this engagement,” said Eugenue Zhukov, regional director of ADB’s office in Sydney, Australia, as quoted in an ADB news release.
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