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.

Investments in natural capital crucial to sustain economic growth in GMS

Member countries of the Greater Mekong Subregion face losing recent development gains unless they invest more to secure natural resource stocks, senior officials from the six countries heard at a meeting in Myanmar today.

PRC Expands Biodiversity Corridors, Environmental Protection Efforts

The People’s Republic of China will expand biodiversity corridors to link 10 nature reserves in the southwestern corner of the country – including critical habitat for the Cao Vit gibbon, one of the rarest apes in the world – following workshops conducted as part of the Greater Mekong Subregion’s Core Environment Program, supported by the Asian Development Bank.

$50 Billion Greater Mekong Plan to Focus on Building Economic Corridors

Member countries of the Greater Mekong Subregion have agreed to draw up a $50 billion pipeline of potential projects under a new Regional Investment Framework, including investments in non-traditional areas like railways and multisector projects to be made over the next decade.

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.

New Thai, Lao PDR Bridge Completes 'Missing Link' in Key Regional Corridor

A new bridge straddling the Mekong River between Thailand and Lao People’s Democratic Republic is open for business, signaling completion of physical works along one of the Greater Mekong Subregion’s most critical economic corridors.

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.

GMS Ministers Endorse Plan to Accelerate Cross Border Transport, Trade

Countries of the Greater Mekong Subregion have endorsed measures to expedite and expand cross border transport and trade, including stepping up bilateral and trilateral country agreements.