News Releases

ADB and Government of Papua New Guinea have today signed two loans that will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to an estimated 3,000 low-income households. The loans were signed at ADB’s 46th Annual Meeting in New Delhi, India.

The ASEAN Infrastructure Fund Limited is set to begin its lending operations in the second half of 2013, with a pipeline of around $1 billion in projects for the next three years.

ADB is investing $30 million equity in NSL Renewable Power Private Ltd. (NRPPL), a leading renewable energy company in India, to support hydropower and wind power projects that will generate 530 gigawatt-hours every year, and reduce carbon dioxide emission by 400,000 tons annually from 2017 onward.

Delegates have begun arriving today at the India Expo Centre and Mart in Greater Noida, Delhi National Capital Region, to register for ADB's 46th Annual Meeting of its Board of Governors, which begins May 2nd.

The future prosperity of the Asia-Pacific region is threatened by a deepening divide between rich and poor, according to the latest issue of Development Asia magazine, which examines in a series of articles the causes and consequences of rising inequality, and options for governments to close income gaps.

Takehiko Nakao assumes office as the ninth President of ADB today.

ADB approved $21.57 billion in financing operations including cofinancing last year, according to ADB’s 2012 Annual Report, released ahead of its 46th Annual Meeting of the Board of Governors to be held 2–5 May in Delhi, India.

Ministers and senior government officials, business leaders, fellow international institutions, and civil society representatives are set to gather in Noida, India from 2-5 May for the 46th Annual Meeting of ADB, which will focus on development through empowerment.

The 46th Annual Meeting, taking place in Delhi from 2-5 May, will focus on Development through Empowerment and feature leading experts speaking on job skills for the 21st century, moving beyond "Factory Asia," finding financing for infrastructure, preparing for disasters, financing universal health care, and delivering effective public services, among other topics.