ADB warns Pacific of sharp downturn
Updated
The Asian Development Bank has told Pacific Islands finance ministers that the impact of the global financial crisis on the region is worse than expected, and country-specific action plans are now needed. The finance ministers were in Bali over the weekend for the bank's Board of Governors meeting.
At a special Pacific-only consultation on Saturday, the bank's Pacific Director-General, Hafeez Rahman, launched a new report containing the Bank's assessment of the impact of the financial crisis on the Pacific. The report is called Taking the Helm.
Presenter: Jemima Garrett
Speaker: Craig Sugden, Chief Pacific Economist with the Asian Development Bank and author of Taking the Helm
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