Feature
 ADB President Wraps Up First Official Visit to Washington on the Heels of Canada Mission
In a whirlwind three-day visit, ADB President Haruhiko Kuroda met with key US policymakers and multilateral and bilateral partners including US Treasury Secretary John Snow; Senator Richard Lugar; Deputy Secretary of State Bob Zoellick; USAID Administrator Andrew Natsios; and the heads of World Bank, IMF, and Inter-American Development Bank. Mr. Kuroda delivered two presentations to the Center for Global Development in partnership with the Institute for International Economics and the Center for Strategic and International Studies.
Prior to visiting Washington, the President spoke at the International Economic Forum of the Americas in Montreal and met with Canadian Prime Minister Paul Martin and other senior officials in Ottawa, Canada.
View photos
For Speeches:
http://www.adb.org/Documents/Speeches/default.asp?spkr=75&name=President+Haruhiko+Kuroda
For Press Releases and Photos from the US Visit:
http://www.adb.org/Documents/News/2005/nr2005086.asp
Financial & Economic News
The Region
Global Payments Imbalance can Adversely Affect East Asia’s Economy
http://news.xinhuanet.com/english/2005-06/26/content_3138104.htm
Integrated Resort Operators see Great Growth Opportunities in Asia
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/154343/1/.html
US Trade Deficit is not All Bad News: Commentary
http://www.chinadaily.com.cn/english/doc/2005-06/10/content_450188.htm
China
Japan Push on Yuan Reform
http://www.thestandard.com.hk/stdn/std/Markets/GF24Ag03.html
China Seeks new Round of Textile Talks with the US
http://news.xinhuanet.com/english/2005-06/22/content_3121269.htm
China: Too Many Factories? (Commentary)
http://www.businessweek.com/magazine/content/05_26/b3939084.htm
Cisco May Move Outsourced Manufacturing to China
http://news.xinhuanet.com/english/2005-06/24/content_3128277.htm
Oil Imports Climb, Product Imports Slide
http://news.xinhuanet.com/english/2005-06/27/content_3140830.htm
India
IT Exports Grow 33 per cent in FY 2005
http://www.hindustantimes.com/news/181_1411856,0003.htm
Planning Commission Sets Tax Growth at 22 per cent for 2004-2009
http://www.hindustantimes.com/news/181_1407517,0002.htm
Posco Gives India its Biggest FDI
http://www.hindustantimes.com/news/181_1408159,0002.htm
Republic of Korea
Is There a Real Estate Market Bubble in Korea?
http://times.hankooki.com/lpage/biz/200506/kt2005062618470311910.htm
Korea’s State Subsidy for Farmers Remains High: OECD
http://times.hankooki.com/lpage/biz/200506/kt2005062220014311910.htm
Private Spending Won’t Boost Economy
http://times.hankooki.com/lpage/biz/200506/kt2005062120265711910.htm
Viet Nam
PM’s First US Visit Deemed Successful
http://vietnamnews.vnagency.com.vn/showarticle.php?num=01POL270605
Foreign Banks Eye National Banks
http://vietnamnews.vnagency.com.vn/showarticle.php?num=02BAN250605
Inside ADB
ADB Issues Debut Thai Baht Bonds
Led by Citigroup and Siam Commercial Bank, the bonds were issued in Thailand’s capital markets with a principal amount of THB4 Billion.
http://www.adb.org/Documents/News/2005/nr2005077.asp
ADB to Help Conserve Ecosystems and Wildlife Resources in Afghanistan
With a technical grant of more than US$1.5 million, the Global Environment Facility and ADB will help conserve biodiversity in key protected areas while the UK Government will finance the linking up of development interventions to conservation goals.
Please view the papers and guidelines at http://www.adb.org/Documents/News/2005/nr2005085.asp
Business Survey Highlights Investment Climate Challenge in Indonesia
The Report, Investment Climate and Productivity Study, analyzes the results of a survey of more than 700 medium and large manufacturers doing business in Indonesia in 2003.The study indicated that decentralization has weakened economic and regulatory policy and increased corruption. It underscores the importance of improving the business climate in Indonesia.
http://www.adb.org/Documents/News/2005/nr2005081.asp
ADB Institute Launches Two Daily E-Mail Notification Services
The Asian Development Bank Institute (ADBI) recently launched two free notification services. The first provides news and analysis on development-related topics from around our region and the second allows you to identify areas of interest to which the system will then notify you of related publications and opportunities.
Based in Tokyo, Japan, ADBI was established shortly after the financial crisis in 1997. Its main objective is to build capacity, skills, and knowledge in areas that will support the long-term growth and competitiveness of developing Asia and the Pacific.
To view today’s issue or subscribe:
http://www.adbi.org/email.notification/register.php
Results Matter: Ideas and Experiences on Managing for Development Results
Managing for Development Cooperation Fund: Focuses on Country-Level Approaches
The Fund, which now stands at $1.6 million, was established in 2004 with initial contributions from Canada and the Netherlands. It supports the introduction of MfDR initiatives in ADB’s developing member countries. Examples of these country-level initiatives include results-based planning and budgeting, preparation of results-oriented national development plans, and training of government officials.
For more information on MfDR Fund Projects:
http://www.adb.org/MfDRCF/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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