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The global financial crisis emerged at an alarming rate. A global credit squeeze led to large falls in international stock markets and the world economy is weakening rapidly. The Pacific is largely shielded from the most immediate effects of the crisis, but it is not immune. This Policy Brief provides early advice on what the global financial crisis could mean for the Pacific and what it could do to lessen its adverse impacts. The key response should...
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This report was prepared for a conference hosted by the Asian Development Bank and the World Trade Organization entitled "Mobilizing Aid for Trade: Focus on Asia and the Pacific." It seeks to bring a better understanding of contemporary trade issues in the Pacific region.
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The publication tells the story of the use of stakeholder participation to support public sector reform in Nauru and the Republic of the Marshall Islands (RMI). The report provides important lessons for donor agencies, for Nauru and the RMI, and for other Pacific island nations that mainly live off aid and other rents. The lessons concern what has gone wrong with governance and why, and what can be done to improve governance under existing conditions....
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This publication analyzes the trust funds established by the United States with the Republic of Marshall Islands and the Federated States of Micronesia, intended to provide budget support upon expiration of these countries' Compacts of Free Association with the United States. Analysis shows future revenues from the funds will likely be volatile and unsustainable, but examines simple rule changes designed to reduce fund volatility and improve the sustainability...
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This publication seeks to explain the nature of settlements termed "urban villages" as set within the context of growing levels of urbanization in contemporary Pacific towns and cities. It investigates the meaning and conceptualization of myriad forms of urban villages by examining the evolution of different types of settlement commonly known as native or traditional villages, and more recently squatter and informal settlements. It views village-like...
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Pacific countries lack workers with construction skills and rely on large firms to import skilled workers for large infrastructure projects. In Papua New Guinea (PNG), for example, the working-age population is estimated to grow by 2.2 million people between 2014 and 2030. The country faces a growing challenge to create work opportunities for its people. This report examines the correlation between skills gaps and labor market efficiency in PNG's...
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