News Releases

Latest News Releases


ADB President Speaks at ASEAN Finance Ministers’ Meeting in Myanmar

ADB Pesident Takehiko Nakao participated in the 18th ASEAN Finance Ministers’ Meeting in Nay Pyi Taw, Myanmar on 5 April. Mr. Nakao presented the economic outlook and policy challenges for ASEAN in its continued push toward the ASEAN Economic Community in his speech to the ministers.

ADB Sees Steady Growth for Developing Asia

Developing Asia will extend its steady economic growth in 2014 as higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the People’s Republic of China (PRC), says a new ADB report.

Developing Asia Should Use Public Spending to Narrow Inequality

Widening income gaps are undermining decades of successful poverty reduction in developing Asia, meaning governments should proactively use fiscal policy to close gaps and promote more inclusive growth, says a new ADB report.

Indonesia Needs to Pursue Structural Reforms Amid Widening Current Account Deficit

Indonesia’s growth is expected to dip slightly in 2014 before recovering next year, says ADB’s flagship annual economic publication Asian Development Outlook 2014, released today.

ADB Supports Renewable Energy by Investing in Indonesian Geothermal Plant

ADB has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources.

Asia's Bond Markets Must Be Ready to Face the Rising Risk of Contagion

Emerging East Asia’s local currency bond markets have weathered the recent market volatility well but risks to the markets are ticking up and countries need to be prepared, warns ADB's latest Asia Bond Monitor.

Developing Asia Growth Outlook Steady As Industrial Economies Firm

An improving growth outlook in Japan and the United States paired with stronger-than-expected performance in the People’s Republic of China support a steady growth outlook for developing Asia, says a new ADB report.

ADB Loan to Help Power Further Growth in Bali

ADB will assist in bringing more reliable and affordable access to electricity to the island of Bali with a $224 million loan for a transmission project that will connect rural households to the grid, and help power the tourism industry.

Indonesia Power Project Marks First Loan of ASEAN Infrastructure Fund

The ASEAN Infrastructure Fund Ltd. has commenced lending operations with a $25 million loan to fund power links in Indonesia, becoming a new source of funding for the development of priority infrastructure projects in the region.

ADB, Partners Aim to Protect Asia's Urban Poor from Climate Extremes

ADB, the Government of the United Kingdom (UK), and the Rockefeller Foundation are teaming up to help Asia's fast growing secondary cities protect their urban poor from the ravages of climate change.