News Releases

Latest News Releases


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.

ADB Approves $100 Million Loan for Technical and Vocational Training

ADB's Board of Directors has approved a $100 million loan to help the government of Sri Lanka revamp its technical and vocational education and training which will equip youth with the required skills for the job market.

ADB, Gates Foundation Launch Initiatives to Spur Sanitation Innovation

ADB and the Bill & Melinda Gates Foundation are bringing together the governments of Bangladesh, India, Nepal, and Sri Lanka to create a South Asia Urban Knowledge Hub to help improve urban services, such as sanitation, in the region.

ADB Vice President Visits Sri Lanka

ADB Vice President Wencai Zhang today ended a two-day visit to Sri Lanka during which he met with government officials and visited ADB-funded flagship projects including Colombo Port, the Southern Expressway, and a school in Galle district.

Developing Asia Growth Outlook Steady As Industrial Economies Firm

An improving growth outlook in Japan and the United States paired with stronger-than-expected performance in the People’s Republic of China support a steady growth outlook for developing Asia, says a new ADB report.

Power Swaps Can Help Asia-Pacific Manage Daunting Future Energy Needs - Report

Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from ADB.

Asia Must Step Up Governance Reforms to Sustain Growth and Development

Asia and the Pacific's economic gains must be matched by stepped-up efforts on governance so that growth benefits can be more evenly shared and development progress locked in, says a new ADB report.