The World Bank predicts that Pacific economies will grow this year amid the reopening of international borders, but inflationary pressures and debt remain key concerns for the region, according to its report.
In a report released on Tuesday, the World Bank said that Pacific nations will need to consider reforms and policies to boost equitable growth and sustainable investments while reducing future public debt risks.
All Pacific economies are expected to grow through 2023, with certain countries expecting a larger economic rebound. Palau will see 18 percent growth due to its resurgent tourism sector, while the Solomon Islands will recover more slowly at 2.3 percent….