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NEWS FROM THE ASIAN DEVELOPMENT BANK DECEMBER 2007

ADB Review provides an electronic digest of activities of the Asian Development Bank.


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Archives
In this issue, read about the outlook for water in Asia and the Pacific, as well as for emerging East Asian bond markets, about President Haruhiko Kuroda's participation in the ASEAN summit in Singapore and his tour of the PRC. Read what ADB has to say on disaster management and meeting the Millennium Development Goals. Included in this issue are feature stories on how ADB is helping provide livelihood opportunities and fight poverty in Nepal. Also, find out the latest on ADB events, publications, opportunities, and operations.
Top News
Developing Asian Countries Must Rethink Water Management to Avoid Crisis
To avoid a crisis in water security, developing countries in Asia will have to rethink how they manage their vital water resources, according to the Asian Water Development Outlook, a new report commissioned by ADB and authored by a team of experts led by Professor Asit Biswas, the 2006 Stockholm Water Prize Laureate. Read the publication.
ADB President Calls for Renewed Development Strategies at ASEAN Summit

"As climate change threatens growth, this threat also presents an opportunity for East Asian countries to renew their development strategies and strengthen regional cooperation to tackle climate change," President Kuroda told leaders attending the 3rd East Asia Summit in Singapore on 21 November. The President participated in several key activities relating to the 13th ASEAN Summit. He addressed the ASEAN Business and Investment Summit, met with Viet Nam Prime Minister Nguyen Tan Dung, and called for increasing subregional cooperation in Southeast Asia during his participation in the leaders’ meetings for BIMP–EAGA and IMT–GT. Read the President’s speech.

ADB Looks to Boost Funding for Poverty Alleviation Efforts
ADB officials and government representatives from the international donor community and selected recipient countries convened in the Lao People’s Democratic Republic to discuss the replenishment of the Asian Development Fund, an endowment used to provide grants and low-interest loans to countries with low per capita incomes and limited debt-repayment capacity. Read the President’s opening remarks.
Emerging East Asian Bond Markets Resilient, But Risks Loom, says ADB Report

Strong economic growth and improved financial systems along with limited exposure to US subprime mortgages have helped curb spillover effects of global credit woes on emerging East Asian economies, but risks loom, the November edition of Asia Bond Monitor says. Even though there are no signs of widespread problems in emerging East Asia, downside risks to regional economic and financial market trends remain and wider ramifications cannot be ruled out in the future. Read the report [ PDF ].
President Kuroda Conducts Week-Long Visit to the PRC [ PDF ]
ADB President Haruhiko Kuroda met with senior government officials and visited several ADB projects during a five-day visit to the People’s Republic of China on 5–9 November 2007. He also gave a keynote address at the launch ceremony for the China Clean Development Mechanism Fund. Read the speech.
Project News
  • Over 1M Textbooks Given to Senior Secondary Schools Across Aceh and Nias
    The new textbooks are part of ADB’s $291 million grant for the implementation of the Earthquake and Tsunami Emergency Support Project. See the project information.
  • $176M Grant to Help Complete Afghanistan's Ring Road
    The ADB grant will finance a 143-kilometer section of the Ring Road highway, which loops the country and connects its cities. See the project information.
  • ADB to Invest in Gas-Fired Power Plant Project in Pakistan's Sindh Province
    The project involves the development of a 171-megawatt combined cycle low-Btu gas-fired power plant, which is expected to supply base load power to the national grid. See the project information.
  • ADB to Help Foster Growth of Mongolia's Larger Companies to Diversify Economy
    A $10 million loan will contribute to the expansion of the US dollar lending activities of Khan Bank, the main provider of financial services in the rural areas of Mongolia.
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    Speeches
    Integrating Disaster Reduction into Rehabilitation and Reconstruction Activities
    ADB Vice-President Ursula Schaefer-Preuss discussed important lessons on disaster relief and risk management in her speech at the 2nd Asian Ministerial Conference on Disaster Risk Reduction in New Delhi, India.
    Investing in the Millennium Development Goals: The Role of ADB
    Richard Vokes, Country Director in ADB’s Resident Mission in Sri Lanka, said that growth not only needs to be sustainable, it needs to be pro-poor and inclusive, in his speech during the launch of the third overview report reviewing progress toward the achievement of the Millennium Development Goals.
    Features
    Increasing Livelihood Opportunities in Nepal
    Through livelihood training programs, ADB technical assistance ensured the equal distribution of socioeconomic road benefits arising from road projects. Read the stories of four beneficiaries.
    Results-Based Strategy Improves Nepal Portfolio Management [ PDF ]
    A systematic results-based approach has produced rich dividends in Nepal. This improvement in performance translates into accelerated development on the ground in a country where poverty is often exacerbated by conflict.
    Publications & Reports
  • Low-Income Households' Access to Financial Services
  • Moving Toward Knowledge-Based Economies: Asian Experiences
  • ERD Working Paper 107: Sectoral Engines of Growth in Developing Asia: Stylized Facts and Implications [ PDF ]
  • ERD Working Paper 108: Occupational Segregation and Gender Discrimination in Labor Markets: Thailand and Viet Nam [ PDF ]
  • Foreign Ownership, Technological Capabilities, and Clothing Exports in Sri Lanka
  • Integrated Financial Supervision: An Institutional Perspective for the Philippines
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    Opportunities
  • Careers
  • Business
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    Upcoming Events
    Operations Updates [ PDF ]

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