News Releases

Latest News Releases


ADB Sees Less Risks to Global Economic Outlook, But Mongolian Economy Challenged by External Imbalances

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, says a new ADB report.

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.

ADB's Assistance to Bring Improvements to Ulaanbaatar's Ger Areas

ADB will provide $163.7 million for the building of better roads, installation of more effective water supply and sewerage systems, and the provision of heating services in Ulaanbaatar to help upgrade basic urban infrastructure and services in peri-urban areas of Ulaanbaatar, also known as ger areas, where a majority of the city’s poor residents live.

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.

Modernized Payment System to Expand Access to Finance in Rural Mongolia

ADB is helping Mongolia modernize its payment system to fully serve rural residents and herders as well as small and medium-sized enterprises.

CAREC to Support Key New Routes to Boost Regional Trade

The 10 members of the Central Asia Regional Economic Cooperation program will develop key new road and rail routes linking Central Asia to People’s Republic of China and South Asia between now and 2020 to realize the huge trade potential between the three regions.

Mongolia Must Spend Up to $560 Million a Year to Climate-proof Infrastructure

Mongolia needs to spend up to $560 million per year between 2010 and 2050 to ensure its infrastructure can withstand severe weather conditions, a new report from ADB says.

0.3% of GDP Would Protect East Asia from Climate Change - ADB Report

About 12 million people in 23 East Asian cities are at risk from rising sea levels, severe storms, and more intense drought caused by climate change that could jeopardize $864 billion in assets, a new report from ADB warns.

Power Swaps Can Help Asia-Pacific Manage Daunting Future Energy Needs - Report

Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from ADB.