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ADB approved a $49 million loan and a technical assistance grant of $900,000 to support the sustainability of Armenia’s road and water sectors, which have deteriorated due to limited investments and challenges in the public management systems.

President Nakao met with India’s Finance Minister and ADB Governor Arun Jaitley in New Delhi on 26 August. The President assured the minister of ADB’s continued support to India in accelerating infrastructure development, boosting manufacturing, and bolstering private sector activities.

ADB President Takehiko Nakao met with India’s Prime Minister Narendra Modi and Finance Minister Arun Jaitley and stressed that ADB is committed to partnering with India in reigniting growth and reducing poverty. ADB will help India accelerate infrastructure development, boost manufacturing, improve the skills of young people to enhance their employability, expand trade through regional cooperation, and promote private sector activities.

Bhutan’s drive for gender equality has made good headway in recent decades but the country’s women still lag men in many areas, including in tertiary education, employment, and leadership posts in government, says a new ADB report.

ADB is supporting a 290-megawatt hydropower project in the Lao People’s Democratic Republic (Lao PDR) under a public-private partnership arrangement.

ADB has raised Rs3 billion (about $50 million) from its maiden issuance of offshore Indian rupee-linked bonds. This issuance is the first bond issued under ADB’s $500 million offshore rupee-linked bond program and aims to deepen India’s capital markets.

ADB has welcomed a new law making it easier to register businesses in the Solomon Islands. ADB provided policy guidance and support in drafting of the legislation which is part of wider reforms to regulatory frameworks for businesses in the Pacific.

Poverty will remain a critical challenge for Asia and the Pacific in the coming decades, requiring a greater focus on efforts to address food insecurity and economic vulnerability, says a new ADB report.

Climate change will slash up to 9% off the South Asian economy every year by the end of this century if the world continues on its current fossil-fuel intensive path. The human and financial toll could be even higher if the damage from floods, droughts, and other extreme weather events is included.

Low-lying Bangladesh is at the front line of at-risk countries from climate change and could suffer annual losses of up to 9% of its economy by the end of this century, says a new ADB climate and economics report for South Asia.