News Releases

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.

ADB to Help Modernize Mongolia's Health Sector

ADB is providing $55 million concessional lending to help Mongolia improve its health sector with a new hospital, and safer blood transfusions and hospital services.

ADB, Japan to Help Mongolia Address Rising Inequality

ADB and the Government today signed an agreement to help Mongolia address rising inequality among its people.

Southeast Asia's Strength Keeps Asia Growth on Track - ADB Report

The surging economies of Southeast Asia have been a bright spot in developing Asia’s otherwise subdued 2012 growth performance, but the broader region should still pick up steam in 2013, says a new ADB report.

Huge Financing Gap Must Be Filled to Promote Climate-Friendly Technology - ADB

Massive investment is required to develop and deploy climate-friendly technology if global warming is to be halted and developing countries prepared to cope with the adverse consequences of climate change, delegates heard today at the annual global conference on climate change.

ADB, OFID Sign Risk-sharing Agreement on Trade Finance Program

ADB and the OPEC Fund for International Development signed a risk distribution agreement to support trade in emerging Asian countries under ADB’s Trade Finance Program.

CAREC Ministers Agree on $23 Billion Action Plan to Boost Central Asia Links

Ministers of the 10 Central Asia Regional Economic Cooperation Program nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at creating seamless connectivity and greater prosperity in the region.

Education Reforms Underway to Transform Mongolia into a Knowledge Society

The education sector in Mongolia is undergoing a comprehensive reform to address the country’s needs for skilled workers under a knowledge-based market economy.