The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year, investment ratios to reach 22% by 2016, and a corresponding 17% reduction in extreme poverty. Recognizing the role played by investment in meeting the broader goals of inclusive economic growth and poverty reduction, the PDP targeted public infrastructure spend
During project preparation, Sri Lanka’s power sector was struggling to meet the demand for a reliable and affordable supply of electricity and improvements to the electricity transmission and distribution networks were much needed.
In April 2014, prolonged heavy rainfall associated with tropical cyclone Ita caused severe flooding in the Solomon Islands’ capital, Honiara, and the surrounding Guadalcanal province on Guadalcanal island. The storm damaged or destroyed roads, bridges, houses, water supply systems, and other major infrastructure. The government declared a state disaster for Honiara and all of Guadalcanal.
The World Risk Report 2012 ranked Tonga, a country of 176 islands and four island groups, second only to Vanuatu in terms of vulnerability to natural disasters. Natural disasters such as tropical cyclones and storm surges have been inflicting significant losses on Tonga’s economy while also depleting its cash reserves.
Mongolia is a vast, sparsely populated country located between the People’s Republic of China (PRC) to the south and the Russian Federation to the north. Its western region suffers from a slow pace of development because of remoteness from the country’s political and economic centers and inadequate transport network.