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In this issue, read about ADB's additional $3.4 billion funds to help the region cope with the financial crisis, the $2 billion a year allocation for clean energy investments in Asia, and the launching of the Energy for All partnership. Also, find out the latest on ADB events, publications, and opportunities.
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ADB Approves $3.4 Billion in Additional Funds to Help Region Cope with Crisis
ADB's Board of Directors has approved the allocation of $3.4 billion in additional funds to help developing member countries respond to the global economic crisis.
ADB Aims to Double Clean Energy Investments in Asia to $2 Billion A Year
ADB will substantially increase its clean energy investments to $2 billion a year from a previous target of $1 billion, in a bid to accelerate low carbon growth and reduce greenhouse gas emissions in the region.
New Partnership Aims to Expand Access to Modern Energy to 100 Million People by 2015
ADB has launched an Energy for All Partnership that aims to provide access to modern energy to an additional 100 million people in the Asia and Pacific region by 2015.
New ADB Policy Targets Secure, Clean Energy for Asia
ADB's Board of Directors has approved a new energy policy to help the Asia and Pacific countries secure adequate energy supplies while cutting levels of greenhouse gas emissions.
Mekong Ministers Meeting to Review Subregional Cooperation Plan Amid Financial Crisis
Ministers from six Greater Mekong Subregion nations met in Cha-Am, Petchburi province in Thailand on 19 June to review ongoing efforts to forge closer links among the six countries.
ADB President Says Sustained Water Sector Investment Can Help Fuel Growth
Governments in Asia and the Pacific must continue to invest in water infrastructure in spite of the economic crisis or face fundamental threats to their economic growth and social development, ADB President Haruhiko Kuroda said.
ADB Hosts Regional Forum to Develop Strategies to Cope with Climate Change
Government leaders, policy makers, and climate change experts from around the world gathered in the Philippines for a high-level dialogue and a series of technical meetings aimed at helping the Asia and Pacific countries move toward low-carbon and climate-resilient development paths.
IDB, ADB to Share Networks to Promote South-South Trade Flows
ADB and the Inter-American Development Bank have agreed to share access to their trade finance programs, linking more than 100 financial institutions to support trade between companies in Asia and the Pacific and Latin America and the Caribbean.
ADB Appoints New Chief Economist
ADB has appointed Dr. Jong-Wha Lee as chief economist.
ADB, PRC Help Mekong Countries Address Human Resource Development Concerns
ADB and the People's Republic of China are helping countries in the Greater Mekong Subregion address human resource development issues such as migrant labor concerns, cross-border recognition of technical skills and social inclusion.
Old Southeast Asia Combat Zone Gives Way to Burgeoning Trade Corridor
Commercial trucks from Thailand and Viet Nam are able to enter each others' territory for the first time to deliver and pick up goods following a formal exchange of traffic rights and introduction of a regional customs transit system among the two countries and Lao People's Democratic Republic.
ADB, Islamic Development Bank to Set Up Shari'ah-Compliant Infrastructure Fund
ADB and the Islamic Development Bank agreed to set up Asia's first major multi-country Islamic infrastructure fund.
ADB and Palau Agree to 5-Year Strategic Development Partnership
ADB and the Government of the Republic of Palau have agreed to a 5-year strategic partnership aimed at supporting sustainable development and alleviating the impacts of climate change.
ADB Participates in Second Global Review of Aid for Trade
The World Trade Organization, its members, and key development organizations, including ADB, conducted the Second Global Review of Aid for Trade-aimed at expanding the trade capacity of developing countries-on 6-7 July 2009 in Geneva.
ADB Takes Swift Measures to Prevent Spread of Influenza A(H1N1), Activates Crisis Management Plan
ADB has taken swift measures to contain any possible spread of the influenza A(H1N1) virus.
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- ADB Approves $1 Billion Loan to Help Indonesia Maintain Social Expenditures Amid Financial Crisis
ADB's Board of Directors has approved a $1 billion loan to Indonesia that will help the country sustain critical public expenditures for poverty alleviation, social protection, and infrastructure maintenance in the wake of the global financial crisis.
- Nepal's Development Hampered by Instability, Poor Infrastructure-Study
Nepal's efforts to accelerate economic growth and reduce poverty are being hampered by political instability, poor infrastructure, and other critical obstacles, a new study has found.
- ADB, Japan Support New Livelihood Opportunities For India's Rural Poor
Sharecroppers, women, and other marginal groups living in one of India's poorest states will receive new employment and income opportunities under an ADB, Government of Japan-funded project.
- Mongolia to Get Economic Crisis Funding Support from ADB, Japan
ADB and the Government of Japan will fund a social sectors support program in Mongolia to help cushion the impacts of the global economic crisis on the country's poor, who make up a third of the total population.
- ADB Extends $200 Million for First Urban Development Program in India's North East
ADB is providing up to $200 million to improve infrastructure in five state capital cities of North East India.
- ADB Approves $500 Million Loan For Pakistan to Help Economic Recovery and Deepen Safety Nets for Poor
ADB's Board of Directors has approved two loans to Pakistan totaling $500 million that will assist the government with its macroeconomic stability efforts and fund a targeted safety net program for the poor.
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Indonesia Resident Mission: Houses Turned Over to Tanjong Village Quake Victims
During his visit to Aceh, Indonesia Resident Mission Country Director James Nugent and the mayor of Banda Aceh participated in the handover to tsunami victims of houses in Tanjong village that were completed through the Japan Poverty Reduction Fund's housing project in Aceh and North Sumatera. In his speech, the country director praised the use of technology to build the earthquake-resistant houses.
Lao Resident Mission: Panel Debate Held on World Environment Day
More than 450 participants from the National University of Laos, government agencies, nongovernment organizations, and media on 5 June participated in a panel debate on national actions to limit the effects of climate change. ADB, Water Resources and Environment Administration, and the National University of Laos, with support from GMS-EOC, co-chaired. Country Director Gil-Hong Kim gave opening remarks.
Nepal Resident Mission: New Study on Nepal's Development Constraints Launched
The study jointly produced by ADB, the Department for International Development of the United Kingdom, and the International Labour Organization, was launched on 11 June at a press conference in Kathmandu. Representatives of the three agencies, the Secretary of Finance, and more than 40 media representatives attended. The report's main author, Muhammad Ehsan Khan, presented the highlights and took questions from the media.
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July 2009
