Feature
ADB Bars 40 Firms, 33 Individuals on Corruption Charges
A recent report released by ADB's Integrity Division cited that 40 firms and 33 individuals were barred in 2005 from participating in ADB-financed projects, which brings the cumulative total
to nearly 250 firms and individuals banned from working for ADB since it began investigating corruption allegations in 1998.
"ADB will not tolerate corruption in ADB-financed projects or its staff," says ADB Auditor General Peter Pedersen. "The measures taken against these firms and individuals illustrate our commitment to fully investigating
allegations of corruption and taking action against those who violate the ADB Anti-Corruption Policy."
The Integrity Division, a part of ADB's Office of the Auditor General, which is tasked with enforcing the bank's Anti-Corruption Policy, received 199 complaints last year. This was a 44% increase in the number received in 2004 and resulted in 102 investigations
Read the Full Report and Press Release
The President's Corner
ADB President offers Sympathy, Support After Philippines Landslide Disaster
http://adb.org/Media/Articles/2006/9335_adb_president_offers_sympathy
_support_after_philippines_landslide_disaster/
"Challenges Ahead for ADB": The President Delivers His One-Year Address
http://adb.org/Documents/Speeches/2006/ms2006005.asp
Consensus Reached at Multilateral Meeting in Washington
 Mr. Kuroda participated in the Heads of Multilateral Development Banks meeting held from 17 to 18 February. Heads of World Bank, AfDB, IADB, EBRD, EIB, and a representative from IMF were also present. Wide-ranging discussions took place on cooperation in fighting corruption, energy efficiency, climate change, and the role of MDBs in middle-income countries. A major outcome of the meeting was a joint statement by the seven leaders on ways to further combat corruption.
The President also delivered a luncheon address to members of the Council on Foreign Relations on Emerging Asia in the Global Economy: Prospects and Challenges.
Financial & Economic News
The Region
Asia Flying High With Solid Growth in Aviation Sector
http://www.brudirect.com/DailyInfo/News/Archive/Feb06/230206/nite12.htm
China, People's Republic of
China Willing to Make Efforts to Narrow US-China Trade Deficit
http://www.forbes.com/markets/feeds/afx/2006/02/26/afx2554139.html
Decision Targets Reform of State-Owned Enterprises
http://news.xinhuanet.com/english/2006-02/23/content_4216532.htm
India
EU's Trade with India on the Rise
http://timesofindia.indiatimes.com/articleshow/1425143.cms
India Still Booming but Budget Care Urged, IMF Says
http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-02-21T235557Z_01_NOOTR_RTRJONC_0_India-237695-3.xml
Inflation Dips to 4.4%
Indonesia
Indonesia's Money Inflows Come With Risks
http://www.forbes.com/business/2006/02/22/indonesia-money-risk_cx_0223oxford.html
Foreign Investment Inflows Rise Ten Fold
http://www.antara.co.id/en/seenws/index.php?id=9293
Pakistan
China, Pakistan Vow to Expand Economic, Trade, Energy Cooperation
http://english.people.com.cn/200602/22/eng20060222_244716.html
Country Likely to Achieve $3b FDI by March
http://www.dailytimes.com.pk/default.asp?page=2006/02/24/story_24-2-2006_pg5_1
Philippines
UK Bank Sees Credit-Rating Upgrade for Philippines
http://money.inq7.net/topstories/view_topstories.php?yyyy=2006&mon=02&dd=23&file=1
Inside ADB
Larry Greenwood, Jr Appointed: ADB Vice President, Operations 2
Mr. Greenwood, Jr. was appointed for a term of three years on 15 December 2005. He succeeds Joseph B. Eichenberger. He was the Principal Deputy Assistant Secretary of the Bureau of Economic and Business Affairs, US Department of State. Mr. Greenwood will be in charge of Operations in East and Central Asia, South East Asia and the Pacific.
For more information, visit:
http://adb.org/Media/Articles/2005/8992_Lawrence_Greenwood_appointment/
Grant Supports use of Innovative ICT in Education
The US$1 million Technical Assistance grant (TA) will fund the development of policies and strategies in the area of ICT in education, focusing on the contributions the innovations can make to improving the quality of and access to education. It will also address the feasibility and sustainability of such innovations on a larger scale. In support
of this objective, the TA will also carry out pilot studies on e-textbook development and e-teacher training in Bangladesh, Mongolia, Nepal, and Samoa, where ADB has ongoing related projects.
For more information, visit:
http://adb.org/Media/Articles/2006/9369-regional-education/default.asp
Project Planned to Clean up Indonesia's Urban Areas
With Indonesia's urban population projected to rise from the current 45% of the total population to 60% by 2025, amounting to 160 million people, the country's basic urban services, including water supply and sanitation, face a growing crisis. The US$1.2 million Technical Assistance grant (TA) will support a project that is in the pipeline for 2007 by creating sanitation strategies for up to five large cities; appraisal reports and investment programs for three of these cities; and reform, public awareness, and governance programs.
For more information, visit:
http://adb.org/Media/Articles/2006/9286_Indonesia_urban_pollution/
Project in Profile
ADB Brings Microinsurance to Poor Households in Sri Lanka
Formal insurance service is almost non-existent for poor households in Sri Lanka. Poor people often have to cushion the effects of shocks such as illness, fire or theft by borrowing from informal sources, withdrawing their savings, or selling their assets.
The $600,000 Technical Assistance grant (TA) will help the Government to develop the microinsurance sector in Sri Lanka by reviewing the existing insurance policies in the country and recommending improvements based on successful microinsurance schemes in other countries. The Government will contribute US$155,000 toward the TA's total estimated cost of US$755,000. The Ministry of Finance and Planning is the executing agency for the TA, which will be carried out over eight months to September 2006.
For more information, visit:
http://adb.org/Media/Articles/2006/9361_Sri_Lanka_microinsurance/
Feature Publication
Asian Environment Outlook 2005
The AEO 2005 provides insights and advice on how governments, economic and environmental authorities, and others in the development community can collaborate with the private sector to balance regulatory control with market instruments, help create new business opportunities, and achieve sustainable development.
To download the full publication:
http://adb.org/Documents/Books/AEO/2005/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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