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NEWS FROM THE ASIAN DEVELOPMENT BANK April 2009


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

ADB Review April 2009 Issue


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In this issue, read about the economic outlook for developing Asia, the need to rebalance growth in the region, and global financial market losses. Featured is a $50 million infrastructure project in Indonesia. Also, find out the latest on ADB events, publications, and opportunities.
Top News
Bleak Outlook for Developing Asia, But Region Can Cope with Crisis
Developing Asia's economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, ADB says in a new major report.
Asia Needs to Rebalance Its Growth to Endure Downturn

Developing Asia should rebalance growth to endure the global crisis and boost its resilience to large external shocks.

India's Growth to Slow, Sustainable Stimulus Measures Needed

India's economic growth will slow to 5% in 2009, down from 7.1% in 2008, but should speed up next year as the global economy recovers.

Rebalancing Key to China's Future Growth Prospects

Economic expansion in the People's Republic of China will slow to 7% in 2009, but decisive action by the Government should allow the economy to recover.

Philippines Growth Rate to Slide in 2009

The Philippine economy is likely to decelerate this year, before picking up slightly in 2010, as weak global demand for the country's goods and services slows down consumption and investment.

Global Financial Market Losses Reach $50 Trillion, Says Study

The global financial crisis slashed the value of financial assets worldwide by a massive $50 trillion last year, with developing Asia suffering more than other emerging market regions.

South Asia Can Weather Economic Crisis, Says New Study

South Asian countries can weather the global financial crisis by taking both short- and long-term measures to stimulate their economies, says a new study commissioned by ADB.

ADB President Calls on Governments, Private Sector to Do More to Address Sanitation

ADB President Haruhiko Kuroda has called for regional governments and the private sector to do more to help the 1.8 billion people in Asia who lack access to adequate sanitation.

ADB, Afghanistan Agree on New, Five-Year Strategic Partnership

ADB and the Government of Afghanistan have forged a new Country Partnership Strategy that retains a sharp focus on investments.

ADB, Pakistan Outline Strategic Priorities In Five-Year Plan

ADB and the Government of Pakistan have designed a major new strategic partnership aimed at promoting inclusive and sustainable economic growth.

National Agro Foundation Targets New Green Revolution for India's Rural Poor

The National Agro Foundation is putting in place agricultural technologies and livelihood and training programs that have the potential to benefit millions of small farmers in India, says Foundation Managing Trustee S. S. Rajsekar.

Governments Plan to Save Coral Triangle

Environment and fisheries ministers from six Asia Pacific countries considered a comprehensive plan to tackle coastal and marine resource degradation in the fragile Coral Triangle ecosystem.

ADB's Mundra Mega Power Project Wins Two Key International Finance Awards
The Mundra Ultra Mega Power Project, a key project financed by ADB and other international and local financial institutions, has won two top-tier project finance awards.
News from Resident Missions
Viet Nam Resident Mission: Westlake Run/Walk Scholarships Awarded
Viet Nam Resident Mission staff and Government officials awarded scholarships to 11 recipients in Binh Luc District, Ha Nam Province. The scholarships were awarded through the Initiative for Needy Children. INC provided 3-year scholarships to children from primary to tertiary levels, and 118 students have been receiving support since 2003.

Project News
Loan to Build Future for Struggling City in Viet Nam
ADB will develop and upgrade key urban infrastructure and services in the city of Thanh Hoa in Viet Nam, where a lack of job opportunities is forcing many people to move to large metropolises like Ha Noi and Ho Chi Minh City.
Grant to Help Mongolia Cut Chronic Child Malnutrition
Efforts by the Government of Mongolia to cut the country's stubbornly high rates of malnutrition in young children are to receive support from Japan and ADB.
ADB, Japan Help Bangladesh Tackle Climate Change Challenges
Flood-prone Bangladesh is getting support from Japan and ADB to tackle the huge challenges posed by climate change over the coming decades.
Viet Nam's Drive to Improve Food Safety Receives $95M Boost
A US$95 million loan from ADB will be used to improve the safety, quality, and quantity of Viet Nam's commercial food crops, and provide alternative and clean energy supply to households through biogas development.
Combating Malnutrition through Food Fortification in Indonesia
ADB and the Government of Japan will support efforts in Indonesia to reduce iron-deficiency anemia among the poor by providing them with iron-fortified rice.
$50M Loan Approved to Improve Rural Health Care Services in the Philippines
ADB's Board of Directors has approved a US$50 million loan to improve the quality of health care in the Philippines, and to make these services more accessible and affordable to the poor.
Grant to Improve Living Conditions in Remote PNG Communities
ADB and Japan are assisting Papua New Guinea to boost economic opportunities and improve living conditions, especially for women, in remote roadside communities in the Highlands region.

Speeches
China's Policy Response to the Global Financial Crisis
Speech by ADB President Haruhiko Kuroda at the China Development Forum 2009, 22 March 2009, Beijing, People's Republic of China
Features
Empowering Communities
Beyond the obvious impact of infrastructure, a $50 million loan from ADB gives an intangible sense of empowerment to villagers.
Publications and Reports
Green Transport: Resource Optimization in the Road Sector in the People's Republic of China
Partnerships for a Cleaner City: Lessons on Managing the Urban Environment
Recommendations of Policy Responses to the Global Financial and Economic Crisis for East Asian Leaders
Recommendations to East Asian Leaders for G20 Meeting
ADBI working paper - Strategic Choice of Freight Mode and Investments in Transport
ADBI working paper - Global Determinants of Stress and Risk in Public-Private Partnerships (PPP) in Infrastructure
ADBI working paper - Market-Based Approaches to Environmental Management: A Review of Lessons from Payment for Environmental Services in Asia

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