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Reforms are needed in India to facilitate the turnaround from growth deceleration due to structural bottlenecks, deteriorating investment and a worsening current account deficit, says a new ADB report.

Strong consumption and fiscal spending in the People’s Republic of China will fuel a rebound in growth in 2013, but government steps to cool pressures on the environment and to narrow income gaps will limit the upside in 2014, says a new ADB report.

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.

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.

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.

Senior agriculture and environment officials from the six Greater Mekong Subregion countries met today to discuss environmentally sustainable agriculture and natural resource management in the region.

The Asian Development Bank (ADB) welcomes the passage of Samoa's Personal Property Securities Act, which will make it easier for people and businesses to secure loans, obtain credit, and conduct business. 

The 46th Annual Meeting, taking place in Delhi from 2-5 May, will focus on Development through Empowerment and feature leading experts speaking on job skills for the 21st century, moving beyond "Factory Asia," finding financing for infrastructure, preparing for disasters, financing universal health care, and delivering effective public services, among other topics.

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).

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.