ADB releases Marshall's strategy

The Asian Development Bank (ADB) has announced its five-year strategy to assist the Marshall Islands.

The bank said Thursday it will focus on improvements to social services and private sector development of the South Pacific territory.

From 2007 to 2011, ADB has plans to help increase public sector productivity, improve the delivery of public services enhance private sector development and governance.

In 2007 and 2008, the bank will allocate nearly 3 million U.S. dollars to the Marshall Islands and then review it based on performance.

Since 1990, the ADB has approved 11 loan projects to the Marshall Islands, worth a total of 74.1 million U.S. dollars.

Source: Xinhua