Samoa

Global Financial Instability Shows Need for Fiscal Discipline in the Pacific - ADB

The eurozone crisis is expected to have only limited impact on the Pacific because the region’s growth prospects are more closely tied to the economies of Australia and New Zealand. Read More

ADB Approves $10.82 Million Loan to Promote Recovery in Samoa

ADB is providing a $10.82 million loan to Samoa to support inclusive economic growth. The program is designed to support the Samoan Government improve fiscal management and implement structural measures that will place the economy on a sustainable medium-term growth path. Read More

ADB Warns of Hunger Risk From Climate Change

Climate change threatens to increase hunger and malnutrition among the Pacific region's poorest people unless there is action soon, says a new ADB report. Read More

Asia and the Pacific has made remarkable progress in recent decades. However, not all countries in the region have shared as fully in the prosperity and development. The Asian Development Fund is a crucial financing source to help these countries reduce poverty and tackle development challenged. Read More

Overview

Samoa, which has received $159.37 million in loans since joining ADB in 1966, is well advanced in achieving the eight Millennium Development Goals (MDGs). Poverty has fallen faster than the targeted rate, universal primary education has almost been achieved, gender disparity in primary and secondary education has been eliminated, and child and maternal mortality has been reduced, though less progress has been made in achieving the MDG of environmental sustainability. Progress is attributed to steady growth, substantial remittances, and consistently high levels of public expenditure on education and health. Samoa's performance is also anchored on a commitment to reforms and good governance.