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World Bank opens new north Pacific office

The World Bank has opened its new permanent office to support the development needs of the north Pacific.

The regional hub will be hosted in Pohnpei, Micronesia to assist with the implementation of World Bank funded programs in the Federated States of Micronesia (FSM), the Marshall Islands and Palau.

It is expected to "provide a space for collaboration, support, and knowledge exchange", the World Bank said in a statement.

"The new regional hub will play a vital role in delivering almost half-billion US dollars in total support across FSM, Marshall Islands, and Palau."

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