News Releases

ADB today concluded the 45th Annual Meeting of its Board of Governors in Manila, Philippines and announced that the 2013 meeting will take place in New Delhi, India.

The system of international financial safety nets needs to be reorganized to ensure sufficient liquidity to combat systemic crises, an ADB seminar heard today. The seminar, Reforming International Financial Safety Nets, took place at ADB’s 45th Annual Meeting of the Board of Governors.

ADB President Haruhiko Kuroda and Inter-American Development Bank President Luis Moreno spoke today about ways the two development banks can strengthen trade and investment between Asia and the Pacific and Latin America and the Caribbean during ADB’s 45th Annual Meeting in Manila.

Growth in the Asia and Pacific region is strong, but growth alone is not enough for the region to succeed in an era of global change, ADB President Haruhiko Kuroda said in his annual address to the ADB Board of Governors.

Asian and Pacific governments must find ways to reduce food waste and storage losses, encourage rural development, and provide well-targeted safety nets to protect the poor from hunger, says a new report presented today at the 45th Annual Meeting of the Board of Governors of ADB.

Getting banking services to all of the region’s poor by 2020 is possible – albeit daunting – if leadership from the public and private sectors work together to boost financial literacy and increase investment in infrastructure and technology, delegates at the 45th Annual Meeting of the Asian Development Bank’s (ADB) heard today.

While developing Asia must build a firewall against possible escalation of the global financial crisis, it must not veer from long-term structural reforms already underway to further its economic transformation, delegates at the Governors’ Seminar at the 45th Annual Meeting of ADB heard today.

Asian Development Bank (ADB) President Haruhiko Kuroda and Kiribati Finance Minister Tom Murdoch have signed grant and loan agreements totaling $21.5 million for the South Tarawa Sanitation Improvement Sector Project at the ADB’s 45th Annual Meeting being held in Manila.

Asian Development Bank (ADB) President Haruhiko Kuroda and Timor-Leste’s Finance Minister Emilia Pires have signed the country’s first loans with the multilateral lender to fund the Road Network Upgrading Project, which will rehabilitate sections of roads from Dili to Liquica and Tibar to Gleno.

ADB and Government of Singapore have signed a Memorandum of Understanding to strengthen cooperation in sharing knowledge, research and innovation, and project preparation and capacity development activities.