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ADB IDENTIFIES KEY CHALLENGES FOR PACIFIC ISLAND NATIONS.
HONIARA, July 3 Asia Pulse - The Asian Development Bank (ADB) has identified four challenges facing the Pacific that affects economic growth.
ADB vice president operations Lawrence Greenwood said their goal is to reduce poverty by helping promote economic growth and increase investment in these economies, both domestic and foreign investment.
Mr Greenwood stressed political stability is crucial for investor confidence in any country.
"Political stability and law and order I think that is important. We obviously have challenges but I think creating certainty for foreign investors and domestic investors is very important and that underpins a lot of what we and other development partners can do," Mr Greenwood said.
He said attracting private sector participation is essential if government is to create an environment conducive to foreign investment
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Source: HighBeam Research, ADB IDENTIFIES KEY CHALLENGES FOR PACIFIC ISLAND NATIONS.