News Releases

Donors Stress Reforms Needed to Boost Results in Micronesia

Donors this week called for reforms to be stepped up in the Federated States of Micronesia to assure greater progress in future assistance programs.

ADB Partnering with Australian Govt on Private Sector Development Initiative

ADB has strengthened its long-term commitment to the Pacific region by partnering with the Australian Government to boost a private sector development initiative in the region.

Pacific Economies Set for Higher Growth in 2006-2007, ADB Says

As a group, ADB’s 14 Pacific developing member countries are forecast to grow 2.9% in 2006 and 3% in 2007 on generally favorable conditions for exports, tourism, remittances from overseas workers, and trust funds, according to a major ADB report released today. The Pacific economies grew 2.7% in 2005.

ADB to Help Reduce Spread and Impact of HIV/AIDS in Pacific

ADB will help stem the spread and effects of HIV/AIDS in small Pacific islands through a new grant of US$8 million.

ADB Calls for Pacific Plan to Focus on Governance and Creating Economic Opportunities

Strengthening governance and creating economic opportunities are the two challenges that Pacific Islands Forum leaders must prioritize when they meet in Port Moresby, Papua New Guinea, later this month, according to a senior ADB official.

Governments and Private Sector Must Do More to Fight Corruption, Conference Finds

Asia and Pacific governments and businesses need to tackle corruption more aggressively to reduce growing social inequality and sustain economic growth.

Slow Progress Being Made on Combating Corruption, ADB VP Tells Beijing Conference

One third of public investment is being lost through corruption in Asia and the Pacific, an ADB Vice-President told a major conference in Beijing.

ADB to Help Establish Pacific Aviation Safety Office

ADB will help boost aviation safety and security in the Pacific, through a loan and technical assistance package approved today totaling US$1.95 million to complete the setting up of a Pacific Aviation Safety Office.

Asia Holds Key to Solving Global Poverty Challenge, ADB President Tells UN

ADB President Haruhiko Kuroda said today that the United Nations Millennium Development Goals (MDGs), a series of global developments targets, could not be achieved unless they are met in the Asia and Pacific region.

ADB to Focus on More Effective Implementation of Projects in Micronesia

ADB will focus on ensuring the effective implementation of its ongoing projects in the Federated States of Micronesia (FSM), according to a Country Strategy and Program (CSP) Update for 2006-2007 endorsed by its Board of Directors.