News Releases

Latest News Releases


Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report

Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new ADB report.

Challenge for Asia to Maintain Growth Momentum - ADB Report

Continued tepid demand from the major industrial economies coupled with slower growth in the People’s Republic of China are weighing on the outlook for developing Asia, says a new ADB report.

ADB Trims Pacific 2013 Economic Outlook as Risks to Growth Emerge

ADB latest Pacific Economic Monitor has trimmed the 2013 economic growth forecast for the Pacific region to 5.0% on the back of lower-than-expected government capital spending in Timor-Leste, slower gold production in Solomon Islands, and lower growth prospects in Kiribati and Nauru.

ADB Supports Streamlined Customs and Excise Service in Solomon Islands

Consultations began yesterday in Honiara on an updated Customs and Excise Act which will boost trade and lift the economy in the Solomon Islands.

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.

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.

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.

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.

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.

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).