News Releases

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.

ADB to Help Timor-Leste Deliver Quality Vocational Training

The Government of Timor-Leste, ADB and Don Bosco Training Center at Comoro today marked the first steps towards upgrading an automotive skills training facility that will provide vocational qualifications and help develop a skilled workforce.

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).

Powering the Pacific's Future a Challenge, but Progress is Clear - ADB

While energy security challenges faced by the Pacific are significant, energy efficiency and renewable energy options hold great promise for the region, according to the March issue of the Asian Development Bank's (ADB) Pacific Economic Monitor (PEM), released today.

ADB Vice-President to Speak at Pacific Energy Summit in New Zealand

ADB Vice-President Stephen Groff will lead an ADB delegation to the Pacific Energy Summit, to be held in Auckland on 25-26 March, hosted by the New Zealand Government and the European Union.

Infrastructure, Finance, Skills Training Priorities for New ADB Representative

Infrastructure improvements and private sector development to drive inclusive economic growth in Timor-Leste will be the main focus for Shane Rosenthal, the new Resident Representative for ADB.