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News Releases
23 Dec 2009
ADB Approves Loan to Boost Power Supply in Central Philippines
The Asian Development Bank has approved a private-sector loan of up to $120 million to build a plant to provide essential power to the central Visayas region of the Philippines.
18 Dec 2009
ADB, Philippines Mark New Clean Energy Investment on Copenhagen Sidelines
Asian Development Bank Vice-President Ursula Schaefer-Preuss met yesterday with Philippines President Gloria Macapagal-Arroyo on the sidelines of UN Framework Convention on Climate Change talks in Copenhagen to discuss a major new investment in the Philippines under the Clean Technology Fund.
15 Dec 2009
Special ADB Assessment Upgrades Economic Forecast for Developing Asia
ADB has upgraded its economic forecast for developing Asia after third-quarter data showed a better-than-expected performance by many countries in the region.
10 Dec 2009
Poverty Reduction Key to Sustaining Economic Growth in Philippines: ADB
A package of reforms, investments and long-term strategies must be instituted by the Government of the Philippines to free the country from persistent poverty, which is constraining its economic and social development, according to a new ADB study.
26 Nov 2009
ADB Extends Budget Reform Assistance to Philippine Local Governments
ADB will support the Philippines' ongoing efforts to transfer responsibility for the delivery of basic services from the central government to the local government level.
24 Nov 2009
Local Currency Bonds in Emerging East Asia Top $4 Trillion - ADB Report
Outstanding local currency bonds in emerging East Asia stood at $4.2 trillion at the end of September 2009, up 14.8% over 12 months and nearly eight times more than at the end of 1996, shortly before the onset of the Asian financial crisis.
3 Nov 2009
Sustainable Urbanization Key to Sustainable Growth, Says ADB
With more than one billion people in the Asia and Pacific region expected to join the urban population in the next 20 years, sustainable economic development is not possible without sustainable urbanization, said a senior official from the Asian Development Bank.
26 Oct 2009
BIMP-EAGA Countries Agree on Priority Infrastructure Projects
Leaders of Brunei Darussalam, Indonesia, Malaysia, and the Philippines have agreed to start carrying out 12 priority infrastructure projects over the next two years under the BIMP East ASEAN Growth Area subregional cooperation program.
19 Oct 2009
ADB and WWF Discuss Major Programs to Protect the Environment
ADB and the World Wide Fund for Nature are seeking to strengthen their partnership toward the sustainable management of natural resources in the Asia and Pacific region.
30 Sep 2009
ADB Pledges $3 Million for Philippines Flood Victims
ADB has pledged $3 million in support of emergency relief efforts in the wake of Tropical Storm Ondoy (international code name Ketsana), which inundated the Philippines over the weekend, causing the worst flooding in Manila in over 40 years.