News Releases

Connectivity and regional cooperation remain critical to sustained economic growth, an ADB seminar heard today. The seminar, Links to Prosperity: Connectivity, Trade and Growth in Developing Asia, took place at ADB’s 47th Annual Meeting of the Board of Governors in Astana.

The post-2015 global development agenda will need to deal with unfinished business, including ongoing poverty, and tackle newer concerns like rising inequality and climate change, delegates at an ADB Annual Meeting seminar said today.

ADB President Takehiko Nakao and Kazakhstan Prime Minister Karim Massimov today signed a landmark cofinancing agreement under which ADB will help the government implement its development program.

ADB President Takehiko Nakao signed a groundbreaking cofinancing framework with Kazakhstan Prime Minister Karim Massimov at the opening ceremony of ADB’s 47th Annual Meeting today in Astana. The agreement sets forth a new paradigm for partnership on the country’s development agenda. The signing was witnessed by the President of Kazakhstan Nursultan Nazarbayev.

Asia and the Pacific is the most dynamic region in the world. Yet, poverty remains the biggest challenge. ADB will sharpen its operational focus to better help its clients overcome challenges, ADB President Takehiko Nakao said today in his opening address to the 47th Annual Meeting of ADB’s Board of Governors.

Greater international cooperation as well as domestic measures are needed if economies are to protect themselves in the face of future crises, high-level policymakers and market experts at the Governors' Seminar - titled Reducing Vulnerability: Learning From Past Crises - told delegates at the 47th Annual Meeting of the Board of Governors of ADB today.

Shifting from low-cost manufacturing to economies based on knowledge, innovation, and high-end services is imperative if developing Asia is to sustain its high growth rate, experts said today at an ADB seminar.

ADB made further operational and organizational improvements in 2013, including increasing success rates for completed projects, said an ADB performance review released today.

Asia and the Pacific has made striking progress in reducing income poverty in recent decades. Yet close to 750 million people across the region continue to live on less than $1.25 a day and income disparities have widened in 12 out of 28 Asian economies.

Developing Asian economies can and should create more public-private partnership opportunities to address the region’s infrastructure gap and steer private money and skills into much-needed infrastructure projects, said speakers at a seminar at the Annual Meeting of ADB's Board of Governors.