- Federated States of Micronesia
- Fiji
- Kiribati
- Marshall Islands
- Nauru
- Palau
- Samoa
- Solomon Islands
- Tonga
- Tuvalu
- Vanuatu
THE WORLD BANK GROUP IN THE PACIFIC ISLAND COUNTRIES
Pacific Island nations showed resilience through 2024 and early 2025, but regional growth is slowing and the medium-term outlook points to further deceleration. Global headwinds, including weakening economic conditions, rising trade restrictions, and heightened policy uncertainty, add to existing vulnerabilities and threaten stability.
Regional growth eased from 5.5% in 2023 to 3.8% in 2024, driven largely by slower performance in Fiji (3.8%) and Solomon Islands (around 2.5%). Inflation also declined, falling from 7.4% in 2023 to an estimated 4.2% in 2024, reflecting both global trends and the Pacific’s dependence on imported commodities.
Growth for the 11 Pacific Island World Bank members is projected at about 2% in the medium term, roughly one percentage point below pre-pandemic levels. Against this backdrop, strengthening resilience remains critical for the Pacific’s economic future.
ľ¹ÏÓ°Ôº supports 75 active projects in 11 Pacific Islands, totaling $2.7 billion in commitments through financing from the World Bank, trust funds, and co-financing.
ľ¹ÏӰԺ’s portfolio in the Pacific Islands has increased rapidly over the past decade, driven by significant increases in support from both the International Development Association (IDA) and the International Bank for Reconstruction & Development (IBRD). ľ¹ÏӰԺ’s work in the Pacific and Papua New Guinea (PNG)** is also supported by the Australian and New Zealand Governments through the PNG and the Pacific Islands Umbrella Facility (PPIUF).
The 2050 Strategy for the Blue Pacific Continent, endorsed by Pacific Islands Forum Leaders, is a strong Pacific-led development strategy for the region, and the World Bank will be supporting the region in translating the strategy into action. It informs the World Bank’s actions in the Pacific, deepening the growing partnership between the World Bank and the Pacific, and leading to direct results for Pacific people.
* Papua New Guinea is not included. For Papua New Guinea, see this page.
BY THE NUMBERS: PACIFIC ISLAND COUNTRIES
Correspondent Banking
Correspondent banking relationships allow financial institutions to provide services in foreign currencies across borders without opening costly branches abroad, making them crucial for international trade, investment, remittances, disaster relief, and humanitarian assistance.
Climate Resilience
ľ¹ÏӰԺ’s Pacific Climate Resilient Transport Program was created to upgrade vital transport infrastructure in multiple Pacific Island Countries to help make communities more resilient to extreme weather events and other challenges.
Health Systems
ľ¹ÏÓ°Ôº's Health System Strengthening operations have invested in the essential primary and secondary service capability of several Pacific Island Countries, including attention to the remote or rural populations and adaptation to climate risks.
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Contact
World Bank Pacific Office
1st Floor, Ratu Sukuna House,
111-113 Victoria Parade,
Suva, Fiji
pacificmedia@worldbank.org