News Releases

Latest News Releases


ADB to Help Develop Mongolia’s Small Enterprises, Leasing Sector via Loans

ADB is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises, and to a financing company to support the nascent leasing sector in Mongolia. 

KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB to Help Mongolia’s Small Businesses Access Bank Financing

ADB is helping Mongolia’s micro-, small- and medium-sized enterprises (MSME) get better access to bank financing from one of its biggest banks, through a $40 million loan approved today.

Japan, ADB Announce Fund to Promote Low-Carbon Technologies in Asia

ADB announced today the establishment of a new trust fund to support the adoption of advanced low-carbon technologies in its developing member countries (DMCs), with a grant of ¥1.8 billion (about $17.65 million) from the Government of Japan.

ADB, Japan Prepare Project to Address Ulaanbaatar's Power Shortcomings

Under a $2 million technical assistance grant project, ADB and Japan will study the electricity transmission and distribution constraints faced by Ulaanbaatar in preparation for a major power project that would help 1.2 million people.

ADB Approved $21.02 Billion in Financing Operations in 2013

ADB approved $21.02 billion in financing operations last year, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

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.