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ADB Loans Increase to $10.5 Billion in 2008, Annual Report Says
The Asian Development Bank (ADB) approved $10.5 billion in loans, a 5.3% increase over the previous year, according to ADB's Annual Report 2008, released ahead of the 42nd Annual Meeting to be held 2–5 May in Bali, Indonesia. The 2008 amount is the highest in ADB's 42-year history. Read the news release. |
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Global Financial Crisis and ADB Responses
The global economy is in the grip of a major downturn, dimming the outlook for growth around the world, including Asia. ADB plans to help developing Asia cushion the social impact of the economic crisis. It will also complement the work of other international financing institutions.
Learn more about ADB's response to the crisis. |
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"This global crisis calls for multilateral solutions. ADB was there in 1997. We are here today. Our response today, however, will be somewhat different. This global crisis requires multilateral development banks to employ available resources more effectively and flexibly to support growth and protect the poor", says the President of ADB, Haruhiko Kuroda, in a speech at the 13th ASEAN Finance Ministers Meeting in Thailand. Read full speech. |
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The Forty-Second Annual Meeting of the Board of Governors of the ADB will be held in Bali, Indonesia from 4 to 5 May 2009. The Seminar Series and other parallel meetings will commence from 2 May 2009.
Programme, media registration, and other details online. |
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New Disaster Fund Ensures Swift Financial Aid from ADB
ADB will establish a new fund that will enable it to immediately provide financial aid to developing member countries hit by natural disasters. Read the news release.
When the tsunami and earthquake struck the Indian Ocean basin on 26 December 2004, killing more than 225,000 people in 11 countries, ADB responded to the crisis by launching the largest grant program in its history. Learn more about ADB's tsunami response. |
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Yohana Kho joins the European Representative Office (ERO) of ADB in Frankfurt as a Senior Liaison Specialist, April 2009. In this position, Ms. Kho provides supports in raising public awareness of ADB's role and activities and in building and maintaining relationships with governments, key development partners and media of the Manila-based multilateral development bank in its 17 European member countries. Read more details. |
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ADB Business Opportunities Seminars in Europe
Business Opportunities Seminars acquaint the business communities in ADB member countries of opportunities under ADB-financed projects. The seminars inform prospective suppliers, manufacturers, contractors and consultants of the advantages of ADB-financed contracts, where to locate ADB opportunities, and how to maximize the participants' ability to win ADB-financed contracts. See schedule. |
More ADB News
Cofinancing from European Member Countries, January - March 2009
Grant cofinancing to ADB projects, to which European member countries contributed, totalled $26.9 million: the Netherlands $24.8 million; Multidonor Trust Fund under the Water Financing Partnership Facility (among donors are Austria, Norway and Spain) $1.2 million; and Gender and Development Cooperation Fund (among donors are Denmark, Ireland and Norway) $0.90 million. In addition, DEG Germany and PROPARCO France provided $13.91 million each in commercial cofinancing to a project in the People's Republic of China.
ADB Grants $23 Million from its Asian Development Fund for Small Towns Water Supply and Sanitation Sector Project
Women who spend up to two hours a day on the backbreaking task of water collection and storage will be key beneficiaries of a new water supply and sanitation project in the Lao People’s Democratic Republic. The project will provide piped water and sanitation services for about 137,000 residents in over 120 villages in Lao PDR. Cofinancing of $5.3 million will be provided by the Government of Australia and $500,000 from the Gender and Development Cooperation Fund, which is administered by ADB with contributions from Canada, Denmark, and Norway. Read the news release.
Visit ADB's Cofinancing and Opportunities website
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Crises in Asia: Historical Perspectives and Implications
Kiseok Hong, Jong-Wha Lee, and Hsiao Chink Tang
ADB Economics Working Paper No. 152 | April 2009
This paper finds that based on historical crisis episodes in 21 developing Asian economies from 1961 to 2007, recessions and financial downturns are more frequent, longer lasting, and more severe in Asia than in the industrialized countries. The severity of the current global financial crisis and recession means Asian economies are likely to experience a severe recession in 2009. Download the publication . |
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ADB IMPACT STORIES
Ordinary Capital Resources: Investing for Our Future
Since 1968, ADB, through its ordinary capital resources (OCR), has supported projects that have enabled a dynamic set of countries to build the right infrastructure and create the proper environment for development. Read more. |
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The Asian Development Bank in Afghanistan
As of 31 December 2007, Afghanistan has received cumulative loans of $892.28 million since joining the ADB at its founding in 1966. The country is ADB's 17th largest borrower. As a result of conflict, however, ADB operations in Afghanistan were suspended from 1992 to 2002. Download the brochure. |
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Nature and Nurture: Poverty and Environment in Asia and the Pacific
This publication provides an overview of poverty-environment interactions and presents some of these case studies and others that show how poor communities in Asia and the Pacific have sought to break out of poverty through local actions that improved their environment or made them less vulnerable to environmental stress. Download the report. |
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Institutionalizing Gender Equality: The Experience of the Bangladesh Resident Mission
The report shows how gender has been integrated successfully into some aspects of Bangladesh policies, strategies, and programming. It also shows what challenges remain. The report aims to identify the success factors that ADB might replicate or strengthen elsewhere. Download the report. |
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Green Transport: Resource Optimization in the Road Sector in the People’s Republic of China
The purpose of the in-depth study on Resource Optimization in the Road Sector was to examine how the development of the road system in the People’s Republic of China affects the use of land, the use of energy, and the quality of the environment, and whether more efficient management of the transportation system could limit or reduce those impacts. Download the report. |
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ADB Portals and websites
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ADB publications
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For speeches of Senior ADB staff, please visit the Speeches section. |
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Contacts
Antonio Andrea Monari, Resident Director General, amonari@adb.org
Yohana Kho, Senior Liaison Specialist, ykho@adb.org
Ara Y. Kazandjian, External Relations Officer, akazandjian@adb.org
Asian Development Bank (ADB), European Representative Office (ERO)
Rahmhofstrasse 2 - 60313 Frankfurt am Main, Germany
Tel +49 69 2193 6400, E-mail: adbero@adb.org
ERO e-newsletter: View previous issues. |
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