Niue Joins Asian Development Bank

Niue, the largest raised coral atolls in the world, is the latest to join the Asian Development Bank (ADB). The small Pacific Island is now the bank’s 68th member and the 49th in the Asia-Pacific region.

Niue is an island country located to the east of the Kingdom of Tonga and south of Samoa in the South Pacific Ocean. The island is highly vulnerable to climate change and any rise in the sea level threatens Niue’s underground freshwater supplies. Moreover, Niue lies on the boundary of the southern tropical cyclone belt. This means that with heightened cyclonic activity in the region could destroy its existing infrastructure and environment.

The ADB welcomed Niue as its newest member, with its president Takehiko Nakao saying the new relationship will bring Niue into the development community. “And help ADB to work closely on building and strengthening economic growth that benefits all Niueans.”

Nakao said Niue’s development has benefited from its close relationship with New Zealand and support from other bilateral development partners and regional organizations.

Source: Devdiscourse 12 March 2019

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