News Releases

1 May 2013

Two ADB Loans for Port Moresby Power Supply Signed in Delhi

ADB and Government of Papua New Guinea have today signed two loans that will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to an estimated 3,000 low-income households. The loans were signed at ADB’s 46th Annual Meeting in New Delhi, India.
22 Apr 2013

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.
9 Apr 2013

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.
9 Apr 2013

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.
9 Apr 2013

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.
2 Apr 2013

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.
26 Mar 2013

Pacific Growth Eases as Gains from Large Projects Fade

Pacific growth softened in 2012 and is expected to moderate further in 2013, as gains from major investment and public infrastructure projects fade, according to the latest Pacific Economic Monitor, released today by the Asian Development Bank (ADB).
26 Mar 2013

PNG's Growth to Remain Strong but Protection Needed against Future Shocks

While PNG's medium term growth outlook of 5.5% in 2013, and 6% in 2014 remains strong, provisions must be made to allow the economy to withstand future economic shocksaccording to the new issue of the Asian Development Bank's (ADB) Pacific Economic Monitor, released today.
26 Mar 2013

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.
21 Mar 2013

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.