News Releases

1 May 2013

ASEAN Infrastructure Fund Readies $1 Billion Pipeline for Lending Operations

The ASEAN Infrastructure Fund Limited is set to begin its lending operations in the second half of 2013, with a pipeline of around $1 billion in projects for the next three years.
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

Philippines Growth Strong But More and Better Jobs Required

The Philippine economy is expected to sustain strong growth in 2013 and 2014, with inflation within the policy target, but the challenge is to make growth more inclusive by stimulating employment, says a new ADB report.
18 Mar 2013

Flows into Asia Bond Markets Raise Risk of Asset Price Bubbles

Emerging East Asia’s local currency bond markets continued to expand in 2012, signaling ongoing investor interest in the region’s fast-growing economies but also raising the risk of asset price bubbles, said ADB's latest Asia Bond Monitor.
6 Mar 2013

$12.5 Million Grants to Create Jobs, Improve Tourism in the Philippines

Creating more and better jobs in industries driving growth in the Philippines is the focus of two technical assistance grants worth more than $12.7 million that will fund a pilot youth job placement program and improve skills in the tourism sector.
28 Feb 2013

$1 Million ADB Project Launched to Support Davao's Sustainable Transport

ADB, Department of Transportation and Communications, and City of Davao, together with the Embassy of Japan, have launched a $1 million technical assistance project funded by the Japan Fund for Poverty Reduction that will support the city in developing a sustainable urban public transport system.
12 Dec 2012

ADB, Japan Provide Support to Mindanao Landholders in Wake of Peace Agreement

ADB and Government of Japan will provide support to help thousands of small scale landholders in the Autonomous Region in Muslim Mindanao establish agribusinesses, as part of initiatives to bring peace and stability to the area through economic development.
11 Dec 2012

$300 Million for Green Transportation Revolution in the Philippines - ADB

ADB is providing $300 million towards a groundbreaking project that will replace 100,000 gasoline-burning tricycles in the Philippines with clean, energy efficient electric tricycles, or E-Trikes.