News Releases

Results 3271-3280 of 3291

ADB will help develop a sustainable agroforestry land-use system in northern Lao People's Democratic Republic (Lao PDR) through a US$1.5 million grant approved from the Japan Fund for Poverty Reduction, financed by the Government of Japan.

ADB Vice-President Liqun Jin will visit tsunami-affected areas of the Maldives and meet senior government officials during a two-day visit from 25 to 26 January 2005.

ADB yesterday pledged new commitments for Indonesia in 2005 of up to $800 million for projects in a range of sectors to support ongoing economic development and poverty reduction efforts.

ADB has agreed to an equity investment of about US$1.3 million equivalent for a 25% stake in a Philippine credit guarantee company that protects private financial institutions and other investors in the country

ADB will help restore critical social and economic activities in Bangladesh disrupted by the devastating floods of June 2004 by rehabilitating public and community infrastructure through a loan approved for US$180 million.

A business survey conducted jointly by ADB and World Bank provides further evidence of the need for strengthened efforts to improve the investment climate and to reduce the costs of doing business in the Philippines.

ADB will help develop an efficient transport sector in the Fiji Islands by preparing a road upgrading project, through a technical assistance grant approved for US$600,000.

ADB will help develop solar energy technologies in isolated rural areas of Afghanistan, through a technical assistance grant approved for US$750,000.

Gearing itself for challenges posed by the devastation wrought by the recent earthquake and tsunami, Indonesia's concurrent adoption of a 5-year infrastructure plan and strategy, announced yesterday, is impressive and timely, says Shamshad Akhtar, ADB Director General for Southeast Asia.

"We need to use this sad occasion to lay the roots for a better future for vulnerable communities," said ADB President Tadao Chino during a visit today to tsunami-affected areas in Sri Lanka. "ADB stands ready to provide support to Sri Lanka, and will assist the reconstruction effort with about $200 million in 2005."