News Releases

Asia's Booming Cities Must Go Green or Risk Disaster - ADB Study

Asia must act now to pave the way for green, resource-friendly cities or face a bleak and environmentally degraded future, says a new ADB report.

Pacific Economies Weathering Global Financial Turmoil

Pacific economies remain relatively sheltered from global financial turmoil, with growth projections largely unchanged at the mid-year point, according to the latest Pacific Economic Monitor, released today by ADB.

Private Sector Reforms Can Boost Development in Pacific - ADB Report

Reforming state-owned enterprises and improving the business environment and women’s economic empowerment are critical to building a vibrant private sector in the Pacific region, according to the latest edition of ADB's Pacific Economic Monitor.

Eurozone Crisis Dampening Developing Asia's Growth Prospects

Europe’s worsening financial and banking crisis and a sluggish recovery in the United States are weighing on developing Asia’s growth prospects, according to figures released today from the Asian Development Outlook Supplement, published by ADB.

Billions to Benefit from Rio+20 Transport Commitment

The $175 billion pledge made by the Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) was one of the largest financial commitments coming out of Rio+20, it was announced today at the UN Secretary General’s closing press conference.

ADB, Australia Enhance Development Effectiveness in the Pacific

ADB has approved a $2.06 million regional technical assistance project, supported by the Government of Australia, to boost aid coordination in the Pacific by expanding ADB’s field  presence in the region.

Inclusive, Green, Knowledge-Based Growth Keys to Asia's Future

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.

Global Crisis Must Not Disrupt Asia's Continuing Transformation: ADB Report

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.

ADB Assistance to Developing Asia Tops $21.7 Billion in 2011

ADB approved $21.72 billion in financing operations last year, a 14.5% increase on ADB’s previous year’s financing, according to its 2011 Annual Report, released ahead of the organization’s 45th Annual Meeting of the Board of Governors, to be held from 2 to 5 May in Manila, Philippines.

Asian Leaders to Focus on Inclusive Growth at ADB's 45th Annual Meeting

Ministers and senior government officials, business leaders, fellow international financial institutions, and civil society representatives are set to gather in Manila, Philippines from 2-5 May for the 45th Annual Meeting of ADB, which will focus on inclusive growth through better governance and partnerships.