News Releases

Latest News Releases

North-South Railway Project Aiming For Completion Late This Year

ADB fielded a mission to Turkmenistan on 23-29 April 2014 to review the implementation progress of the North-South Railway Project, the organization’s first-ever lending intervention in the country.

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.

Accelerated Growth Projected in Turkmenistan: ADB

ADB in its flagship economic publication, Asian Development Outlook 2014, forecasts that Turkmenistan’s gross domestic product will grow by 11% this year as hydrocarbon exports and public investment expand.

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.

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.

ADB to Assume Transaction Advisory Role for Historic Regional Gas Pipeline

ADB has been appointed transaction advisor to help attract a commercial consortium leader of global repute that will build, own and operate the planned 1,800-kilometer Turkmenistan–Afghanistan–Pakistan–India natural gas pipeline.

CAREC to Support Key New Routes to Boost Regional Trade

The 10 members of the Central Asia Regional Economic Cooperation program will develop key new road and rail routes linking Central Asia to People’s Republic of China and South Asia between now and 2020 to realize the huge trade potential between the three regions.

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.