News Releases

Latest News Releases

Emerging East Asia’s local currency bonds have performed well so far in 2014 but an earlier-than-anticipated US rate hike, a slowing property market in the People’s Republic of China, and higher risk aversion and inflation due to Middle East tensions could undermine that, says a new report from the ADB.

Vanuatu’s policymakers and private sector representatives will learn this week how a broad-based state-owned enterprise (SOE) reform program is crucial to improving the poor performance and service delivery of the country’s SOEs.

ADB has approved project loans of $150 million to upgrade two key barrages in Pakistan’s Punjab region, which will support livelihoods for hundreds of thousands of farm families and reduce flood risks.

ADB has approved a $60 million concessional loan to build water supply and sanitation facilities in 26 small towns across Nepal to meet the rising demand for basic services, improve community health, and reduce flood risks.

ADB President Takehiko Nakao met with Viet Nam’s State President Truong Tan Sang, Prime Minister Nguyen Tan Dung, the State Bank’s Governor Nguyen Van Binh, and the Minister of Planning and Investment Bui Quang Vinh, during his two-day visit to the country. President Nakao reaffirmed ADB support in accelerating structural reforms and boosting competitiveness.

Six leading multilateral development banks provided almost $24 billion worldwide in financing in 2013 for projects in developing and emerging economies that address the challenges of climate change, according to the third annual joint MDB report on climate finance.

ADB President Takehiko Nakao on 18 September met with Viet Nam’s State President Truong Tan Sang.

ADB President Takehiko Nakao today met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss ADB’s partnership with Pakistan and the country’s development opportunities.

ADB President Takehiko Nakao and Pakistan Prime Minister Nawaz Sharif on 17 September met in Islamabad to discuss ADB’s partnership and major development challenges. Mr. Nakao appreciated government’s efforts to put Pakistan's economy on a sustainable growth path and encouraged continued reforms to boost development, promote regional integration, and reduce poverty.

The Government of Timor-Leste, ADB and vocational training centers-Don Bosco Comoro, Dili Institute of Technology Baucau, SENAI Becora, and CNEFP Tibar will join forces today to support a series of demonstrations of skills gained by trainees who have participated in the Timor-Leste Mid-Level Skills Training Project.