News Releases

Partnership Delivering Services to Fight HIV/AIDS in The Pacific

ADB is engaged in a partnership that is delivering HIV/AIDS prevention services in 10 small Pacific developing countries.

Many Asian Countries Falling Short of MDG Targets, Joint Report Says

The Asian and Pacific region as a whole is on track to achieve most of the Millennium Development Goals, but progress in many individual countries is slow and performance on some vital targets is unsatisfactory, according to a new report released today.

ADB Raises Developing Asia 2006 Growth Forecast to 7.7%

Developing Asia's strong economic expansion is expected to continue, with growth projected at 7.7% in 2006 before easing to 7.1% in 2007, according to a major ADB report released today.

ADB Partnering with Australian Govt on Private Sector Development Initiative

ADB has strengthened its long-term commitment to the Pacific region by partnering with the Australian Government to boost a private sector development initiative in the region.

Pacific Economies Set for Higher Growth in 2006-2007, ADB Says

As a group, ADB’s 14 Pacific developing member countries are forecast to grow 2.9% in 2006 and 3% in 2007 on generally favorable conditions for exports, tourism, remittances from overseas workers, and trust funds, according to a major ADB report released today. The Pacific economies grew 2.7% in 2005.

ADB to Consider Expanding Assistance to Fiji Islands

Under its updated strategy for the country, ADB might expand its assistance program to Fiji Islands to improve the strategic value of its assistance and to promote new growth opportunities.

Helping Promote Renewable Energy in Fiji Islands

ADB will help prepare a renewable power sector development project for Fiji Islands through a US$650,000 technical assistance grant.

ADB to Help Reduce Spread and Impact of HIV/AIDS in Pacific

ADB will help stem the spread and effects of HIV/AIDS in small Pacific islands through a new grant of US$8 million.

ADB Calls for Pacific Plan to Focus on Governance and Creating Economic Opportunities

Strengthening governance and creating economic opportunities are the two challenges that Pacific Islands Forum leaders must prioritize when they meet in Port Moresby, Papua New Guinea, later this month, according to a senior ADB official.

Governments and Private Sector Must Do More to Fight Corruption, Conference Finds

Asia and Pacific governments and businesses need to tackle corruption more aggressively to reduce growing social inequality and sustain economic growth.