News Releases

ADB Provides $100,000 to Marshall Islands for Drought Relief Efforts

ADB is providing a $100,000 emergency grant to the Government of the Republic of the Marshall Islands to help fund drought relief efforts in the northern areas of the Marshall Islands.

ADB Assistance Tops $21.5 Billion in 2012

ADB approved $21.57 billion in financing operations including cofinancing last year, according to ADB’s 2012 Annual Report, released ahead of its 46th Annual Meeting of the Board of Governors to be held 2–5 May in Delhi, India.

Asia's Future Prosperity Requires Major Change in Energy Use

Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new ADB report.

Developing Asia's Growth Steps Up to 6.6% in 2013

Rising private consumption and stronger intraregional trade will spur a pickup in growth in developing Asia in 2013 and 2014, as economic activity in the US and Europe remains in the doldrums, ADB says in a major new report.

Smaller Pacific Economies Performing Well as Regional Growth Slows - ADB

Growth in several of the smaller Pacific island economies is expected to accelerate in 2013 and 2014, despite softening growth in the Pacific region as a whole, according to the Asian Development Outlook 2013, released today by ADB.

New Office to Improve Pacific Infrastructure

A partnership of government and international development agencies announced the establishment of the Pacific Region Infrastructure Facility (PRIF) Coordination Office, which will assist in improving infrastructure and services in Pacific island countries. PRIF partners consist of ADB, Australia, New Zealand, the World Bank Group, the European Commission, and European Investment Bank.

Powering the Pacific's Future a Challenge, but Progress is Clear - ADB

While energy security challenges faced by the Pacific are significant, energy efficiency and renewable energy options hold great promise for the region, according to the March issue of the Asian Development Bank's (ADB) Pacific Economic Monitor (PEM), released today.

ADB Vice-President to Speak at Pacific Energy Summit in New Zealand

ADB Vice-President Stephen Groff will lead an ADB delegation to the Pacific Energy Summit, to be held in Auckland on 25-26 March, hosted by the New Zealand Government and the European Union.

Online Registries Critical to Pacific Private Sector Development

Developing and reforming online/electronic business registries in the Pacific Islands is essential if the region wants to build a vibrant, efficient private sector, delegates said at a workshop jointly organized by ADB and the New Zealand Companies Office.

ADB and RMI Sign $5 Million Loan for Public Sector Reform

A $5 million loan agreement with ADB was signed today in Majuro to support the Government of the Republic of the Marshall Islands as it continues implementing public sector reform initiatives to achieve long-term fiscal sustainability.