News Releases

25 Oct 2012

ADB $300 Million to Fund Overhaul of Ageing Water, Sewer Systems in Colombo

ADB is providing $300 million in loans to overhaul the quality, coverage, and management of water and wastewater services in the Sri Lankan capital, Colombo.
3 Oct 2012

Asia Must Cut Red Tape to Unlock Full Potential of Service Sector - ADB Report

Booming service industries can be a powerful engine of economic growth and job creation for developing Asia, but the sector’s true potential remains blocked by restrictions and red tape, a new ADB report shows.
3 Oct 2012

Developing Asia Faces New Era of Moderate Growth - ADB Report

ADB is significantly scaling back 2012 and 2013 growth forecasts for developing Asia, saying that after years of rapid growth, the region must brace for a prolonged period of moderate expansion amidst an ongoing slump in global demand.
27 Sep 2012

ADB, Sri Lanka Target Power Supply Upgrades to Aid Post-Conflict Regions

ADB is lending $130 million to help Sri Lanka expand the reach and quality of its electricity supply, with a focus on former conflict areas in the north and east of the country. It will also improve transmission and distribution network efficiency and develop renewable energy in other parts of the country.
17 Sep 2012

Expanded Road Project to Boost Growth, Opportunities in Sri Lanka's North

The Asian Development Bank (ADB) is to extend a road restoration project in the north of Sri Lanka to give more communities from the once conflict-ridden region better access to social services and economic opportunities. 
31 Aug 2012

ADB to Help Underserved Sri Lankans Access Housing Loans

Sri Lankans living in post-conflict and tsunami-hit areas will soon have better access to badly needed housing loans, after ADB approved a $15 million loan to DFCC Vardhana Bank to relend exclusively for home purchase or rehabilitation.
15 Aug 2012

Asia's Booming Cities Must Go Green or Risk Disaster - ADB Study

Asia must act now to pave the way for green, resource-friendly cities or face a bleak and environmentally degraded future, says a new ADB report.
12 Jul 2012

Eurozone Crisis Dampening Developing Asia's Growth Prospects

Europe’s worsening financial and banking crisis and a sluggish recovery in the United States are weighing on developing Asia’s growth prospects, according to figures released today from the Asian Development Outlook Supplement, published by ADB.
3 Jul 2012

Reducing Lost Water Could Bring Water to Millions in Asia - Study

Millions of people in Asia and the Pacific could have access to clean water if leaks were plugged and water utility reforms adopted, says a new study by ADB.
22 Jun 2012

Billions to Benefit from Rio+20 Transport Commitment

The $175 billion pledge made by the Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) was one of the largest financial commitments coming out of Rio+20, it was announced today at the UN Secretary General’s closing press conference.