Asian Development Bank President Nakao to visit Palau
By: L.N. Reklai
August 4, 2016 (Koror) Asian Development Bank President Takehiko Nakao is slated to make a historic visit to Palau next week, considered to be a rare occurrence for Pacific Island member countries of ADB.
Palau is a recipient of approximately $68m in development loans from ADB as well as hundreds of thousands of dollars worth of technical and research assistance. These loans are primarily to improve aging water, sewer and telecommunications infrastructures that are essential for economic development and poverty alleviation, according to Ms. Alfonsa Koshiba, ADB Donor Coordination Officer in Palau.