News Releases

Latest News Releases

Papua New Guinea Headed for Record Growth, But Inclusiveness Still Lags - ADB

The commencement of Liquefied Natural Gas exports will support Papua New Guinea’s GDP growth of 6% in 2014, picking up to a record 21% in 2015, ADB says in a major new 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.

Pacific Growth to Pick Up in 2014 - ADB

Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to ADB's latest Asian Development Outlook 2014, launched in Sydney today.

Senior Pacific Media Gather in Sydney to Talk Business

Media industry professionals, publishers, proprietors, editors, and journalists from across the Pacific are gathering in Sydney today for the inaugural Asian Development Bank (ADB) Pacific Business Media Summit.

Loans Signed for Road and Aviation Improvements in Papua New Guinea

ADB and the Papua New Guinea Government today signed two loans to fund improvements to the Highlands region road network and air services in Papua New Guinea.

PNG Business Survey Says Law & Order, Corruption Still Biggest Challenges

Despite improvements in the business environment over the last decade, law and order and corruption remain the most severe constraints to doing business in Papua New Guinea, new analysis from ADB reveals.

Urban Management Can Boost Living Standards and Climate Change Resilience in Pacific - ADB Report

Improved urban management in the Pacific region can boost living standards and resilience to climate change, according to a new report from ADB.

ADB Investment in Transport in Pacific Projected at $484 Million for 2014-2016

ADB will continue to play a prominent role in Pacific region transport infrastructure investment, while supporting efforts to expand capacity as well as institutional and policy reform, according to the organization’s latest Pacific Transport Update 2013.

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.