News Releases

3 Oct 2012

Asia Must Cut Red Tape to Unlock Full Potential of Service Sector - ADB Report

Booming service industries can be a powerful engine of economic growth and job creation for developing Asia, but the sector’s true potential remains blocked by restrictions and red tape, a new ADB report shows.
3 Oct 2012

Developing Asia Faces New Era of Moderate Growth - ADB Report

ADB is significantly scaling back 2012 and 2013 growth forecasts for developing Asia, saying that after years of rapid growth, the region must brace for a prolonged period of moderate expansion amidst an ongoing slump in global demand.
15 Aug 2012

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.
12 Jul 2012

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.
11 Jul 2012

CAREC Officials Discuss Cross-Border Transport Arrangements

Senior customs, transport, and finance officials from the 10 member countries of the Central Asia Regional Economic Cooperation Program reviewed cross-border transport arrangements for CAREC corridors last week at a seminar in Beijing, People’s Republic of China.
22 Jun 2012

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.
21 Jun 2012

Central Asia Officials Meet to Map Implementation of CAREC 2020

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation Program met recently in Hohhot, People’s Republic of China, to review the implementation of CAREC 2020, a strategy that aims to further develop regional transport networks, boost regional trade, and secure reliable, efficient energy over the next decade.
17 May 2012

Small and Medium Enterprises in Kyrgyz Republic to Benefit from ADB Loan

ADB is providing critical long-term funding to small- and medium-enterprises in the Kyrgyz Republic through a $10 million loan to the Kyrgyz Investment and Credit Bank.
4 May 2012

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.
3 May 2012

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.