The Asian Development Bank’s (ADB) Board of Directors is providing Vt 840 million (US$8.2M) in total additional financing to continue the reconstruction, rehabilitation, and climate-proofing of roads affected by Cyclone Pam.
The additional funding consists of a Vt 420 million loan and a Vt 420M grant from ADB’s Ordinary Capital Resources and the Asian Development Fund, respectively. The Government of Vanuatu is also contributing Vt 124 million to the project.
“Climate change adaptation remains a main feature of ADB’s support in the Pacific region involving building strong and building back better,” said Emma Fan, Regional Director of ADB’s Pacific Liaison and Coordination Office in Sydney. “The extra funding will help the government upgrade and strengthen the resilience of targeted infrastructure under the project.”
The additional financing will provide further support to Read the rest of this entry »
Vanuatu and the United States have sealed a new maritime law enforcement agreement. The Law Enforcement Accord and Ship Rider Agreement between the two countries, signed on Monday, will allow Vanuatu’s law enforcement officers to use United States Coast Guard ships as platforms for boarding suspicious ships anywhere in Vanuatu’s EEZ. This is to combat illegal, unreported and unregulated (IUU) fishing activity. Other Pacific countries to have signed similar agreements with the USA are Kiribati, Marshall Islands, Palau, FSM and the Cook Islands. Ambassador Catherine Ebert-Gray said that the United States wants to build maritime security in partnership with Pacific island countries. The agreement has helped Kiribati achieve US$4 million in fines in a single year. (Radio Vanuatu)
The first ever off-loading of frozen tuna fish from the Vanuatu EEZ will be witnessed tomorrow morning at the Read the rest of this entry »