News Releases

Latest News Releases


Conflict between Brown and Green Growth Can Be Narrowed, Says Study

Asia’s governments must make tough choices in energy investments that can provide affordable energy while meeting pressing environmental objectives, especially on climate change, says a study by ADB's Independent Evaluation Department.

ADB Maintains Developing Asia Growth Forecast

Developing Asia remains on track toward steady growth in 2014 despite slower-than-expected growth in the United States in the first quarter, says a new ADB report.

ADB $300 Million Aids Sri Lanka’s Push to Cut Fuel Oil Use, Boost Renewables

ADB has approved a $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and cut its reliance on costly petroleum oil for electricity generation.

PHOTO RELEASE: ADB President Meets with Sri Lanka President in Colombo

PHOTO RELEASE: ADB President Meets with Sri Lanka President in Colombo

ADB President Commends Strong Growth Prospects during 3-Day Visit to Sri Lanka

ADB President Takehiko Nakao today met with Sri Lanka’s President Mahinda Rajapaksa, as well as several ministers and senior officials, to discuss global, regional and bilateral issues, including challenges and opportunities for the Sri Lankan economy over the short to medium term.

AFD Adds $101 Million Cofinancing To ADB Colombo Water Services Program

A $400 million ADB project to improve water and wastewater management services in greater Colombo will be expanded through cofinancing of $101 million from Agence Francaise de Developpement. 

ADB Approved $21.02 Billion in Financing Operations in 2013

ADB approved $21.02 billion in financing operations last year, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

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.

Sri Lanka's Economy to Grow Rapidly in 2014, 2015

An improved external environment, higher investments, and a recovery in domestic consumption will sustain a rapid pace of GDP growth in Sri Lanka in the next two years, according to Asian Development Outlook 2014, the flagship annual economic publication from ADB.