News Releases

Latest News Releases


KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

Japan, ADB Announce Fund to Promote Low-Carbon Technologies in Asia

ADB announced today the establishment of a new trust fund to support the adoption of advanced low-carbon technologies in its developing member countries (DMCs), with a grant of ¥1.8 billion (about $17.65 million) from the Government of Japan.

Investors Returning To Most Emerging East Asia Markets – Asia Bond Monitor

Local and offshore demand for emerging East Asia’s local currency bonds is rising again and should continue given strong economic growth prospects in the region, said the ADB's latest Asia Bond Monitor.

Coral Triangle Initiative Ratified: Nations Come Together to Establish Regional Secretariat

Ministers from Indonesia, Malaysia, Solomon Islands and Timor Leste met in Manado, Indonesia and ratified an agreement to establish a Regional Secretariat for the Coral Triangle Initiative on Coral Reefs, Fisheries, and Food Security (CTI-CFF). The Regional Secretariat will spearhead the CTI-CFF’s regional cooperation programs to strengthen the management of coastal and marine resources and address climate change impacts on fisheries and livelihoods.

Myanmar Set to Join ASEAN Infrastructure Fund in 2014

Myanmar is slated to join the shareholders of the ASEAN Infrastructure Fund, bringing all 10 ASEAN members into the AIF. With Myanmar expected to join within 2014, the existing AIF shareholders include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Philippines, Singapore, Thailand, Viet Nam, and ADB.

Coral Triangle Countries Highlight Women Leadership in Marine Conservation

The six countries of the Coral Triangle Region – Indonesia, Malaysia, Philippines, Papua New Guinea, Solomon Islands and Timor-Leste – launched an innovative platform to highlight the role of women leaders in protecting and sustaining the world’s epicenter of marine biodiversity.

ADB Approved $21.02 Billion in Financing Operations in 2013

ADB approved $21.02 billion in financing operations last year, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

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.