Feature
Progress Report on Implementation of Tsunami Emergency Project Assistance: Maldives
The project, consisting of $1.8 million in loans and $20 million in grants from the Asian Tsunami Fund, is expected to be completed in 2007. The project covers rehabilitation and improvement to the country's water supply, sanitation and solid waste management, transport and power infrastructure, and agriculture.
For More Information:
http://adb.org/Documents/Others/IN196-05.pdf
Financial & Economic News
The Region
Rising Oil Prices Dampen Asian Stocks
http://www.dailytimes.com.pk/default.asp?page=story_12-8-2005_pg5_25
Record Oil Prices to Slow East Asian Economic Growth
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/162296/1/.html
Southeast Asia Backs Plan to Stockpile Flu Drugs
http://www.channelnewsasia.com/stories/afp_asiapacific/view/162666/1/.html
China
No More Yuan Moves Soon: Economist
http://news.xinhuanet.com/english/2005-08/09/content_3328646.htm
Bank of China Eyes 4 Foreign Investors for 25% Stake
http://news.xinhuanet.com/english/2005-08/09/content_3328695.htm
Tax Rise May Increase Oil, Gas Prices
http://news.xinhuanet.com/english/2005-08/11/content_3337705.htm
India
Manufacturers Ride out Fuel Price Storm on Strong Sales
http://economictimes.indiatimes.com/articleshow/1194148.cms
UK Bullish over Outsourcing to India
http://economictimes.indiatimes.com/articleshow/1195199.cms
GDP Growth Rate Comfortable at 7.2%
http://economictimes.indiatimes.com/articleshow/1198317.cms
Pakistan
Current Account Swings into Deficit
http://www.jang-group.com/thenews/aug2005-daily/12-08-2005/business/b4.htm
Korea-Canada Agree to Launch Free Trade Talks
http://times.hankooki.com/lpage/biz/200507/kt2005071520025111880.htm
Rupee under Pressure in First Half of 2005-06
http://www.dailytimes.com.pk/default.asp?page=story_10-8-2005_pg5_8
Sri Lanka
Minister Calls for Long-term Debt Restructuring
http://www.dailynews.lk/2005/08/10/bus01.htm
Tourism Ministry to Launch Billion Dollar Infrastructure Project
http://www.dailynews.lk/2005/08/08/bus01.htm
Vietnam
New Boosts in Exports to Major Markets
http://www.vneconomy.com.vn/eng/?param=article&cateid=01&id=2dc1d7af16afb5
Textile and Garment Firms Struggling with Dearth of Labour
http://www.vneconomy.com.vn/eng/?param=article&catid=01&id=6554c31d24c1f9
Inside ADB
President Kuroda Opens Sydney Office
The Pacific Liaison and Coordination Office (PLCO) will support a key ADB objective - to be more responsive to the needs of its borrowing countries. The office will focus on programs in Kiribati, Nauru, Solomon Islands, and Vanuatu in addition to building stronger ties with development partners in Australia and New Zealand.
http://adb.org/Documents/News/2005/nr2005101.asp
ADB to Close Office in Vanuatu
The decision came after a government announcement to cease borrowing from multilateral lenders in the near to medium term. ADB's newly-opened Pacific Liaison and Coordination Office in Sydney and the South Pacific Subregional Office in Fiji will continue to assume responsibility for all activities in the Pacific. ADB will continue to support Vanuatu through technical assistance grants.
http://adb.org/Documents/Others/IN199-05.pdf
Afghanistan's Civil Aviation Sector Receives a Boost
In the first step toward establishing an independent civil aviation authority, ADB has given a $1 million technical assistance grant to improve the air safety oversight of the Ministry of Transport and financial governance of airport operations.
http://adb.org/Documents/News/2005/nr2005105.asp
$1 Billion 5-year Global Benchmark Bond Issue First Since 2004
This five-year bond reinforces ADB's core funding strategy of maintaining a strong presence in key currency bond markets through regular issuance of liquid benchmark global bonds. The bond is expected to yield 20 basis points above the 3.875 US Treasury due July 2010.
http://adb.org/Documents/News/2005/nr2005097.asp
Results Matter: Ideas and Experiences on Managing for Development Results
Managing for Development Results in ADB's Pacific Department
The Pacific Strategy for 2005-2009 is a unique document. It is enabling the Department to build a Development Framework across all its operations including country programs and regional cooperation activities.
For more information:
http://adb.org/Documents/Periodicals/MfDR/july-2005.pdf
Feature Publication
Assessing the Impact of Transport and Energy Infrastructure on Poverty Reduction
This book addresses the contribution of transport and energy infrastructure to poverty reduction. This is a core issue for ADB and for the other three donors that collaborated in producing this book (DFID, JBIC, and World Bank). The country studies examined this contribution in the People's Republic of China (PRC), India, and Thailand.
http://adb.org/Documents/Reports/Assessing-Transport-Energy/default.asp
Employment Opportunities
http://www.adb.org/Opportunities/default.asp
Events In North America
http://www.adb.org/NARO/events.asp
Events In Asia & The Pacific & Europe
http://www.adb.org/News/calendar.asp
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