President Nakao in India

ADB President Takehiko Nakao met with India’s Prime Minister Narendra Modi and Finance Minister Arun Jaitley in New Delhi, stressing that ADB is committed to partnering with India in reigniting growth and reducing poverty. Read More

ADB Loan to Nepal to Tackle Chronic Power Shortages, Rural Supply Gaps

ADB has approved a $180 million equivalent loan to help Nepal overcome its crippling power shortages and export surplus power to neighboring India. Read More

KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance with ADB up to $2 billion over 3 years to promote development in Asia and the Pacific, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. Read More

Hydropower Export Helps Bhutan Provide for Future Generations

Bhutan's hydropower exports are helping build the country's economy, laying a foundation of prosperity for the next generation. Watch Video

South Asia Subregional Economic Cooperation

The South Asia Subregional Economic Cooperation (SASEC) Program brings together Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka in a project-based partnership that improves the quality of life for people in one of the world’s poorest, most densely populated areas. Yet there is tremendous potential for these countries to increase trade among themselves and within South Asia. SASEC seeks to strengthen cross-border connectivity by creating multi-modal transport networks that boost intraregional trade, and open up trade opportunities with East and Southeast Asia. It helps build modern and effective customs administrations that speed up the time and reduce the costs of moving goods and vehicles across borders. SASEC also helps member countries improve energy security by developing infrastructure and promoting intraregional power trade to reduce costs and import dependence.

Since 2001, ADB has provided more than $5.4 billion in financial and technical support to 30 projects in the transport, trade facilitation, and energy sectors. ADB serves as the SASEC Secretariat.