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Lao People’s Democratic Republic could reap greater benefits from the country’s rapid economic growth by reducing gender inequality and vulnerability in remote rural areas while enhancing women’s ability to take full advantage of expanding economic opportunities, particularly in urban and lowland areas, according to a new ADB and World Bank report.

The Chairperson of the Board of Governors of the Asian Development Bank (ADB) and Finance Minister of India, Palaniappan Chidambaram, has issued a statement in response to President Haruhiko Kuroda’s submission of his resignation, effective March 18.

ADB, Department of Transportation and Communications, and City of Davao, together with the Embassy of Japan, have launched a $1 million technical assistance project funded by the Japan Fund for Poverty Reduction that will support the city in developing a sustainable urban public transport system.

As a result of the nomination by the Cabinet of Japanese Prime Minister Shinzo Abe of ADB President Haruhiko Kuroda as governor of the Bank of Japan, ADB announced today that Mr. Kuroda has submitted his resignation from ADB, effective March 18, 2013. An election of a successor to complete Mr. Kuroda’s term will be held by the Board of Governors of ADB in accordance with ADB’s Charter.

ADB menyediakan dukungan finansial sebesar hampir 4,5 juta dolar untuk membantu upaya konservasi kawasan hutan penting Indonesia di Kalimantan yang berada dalam kondisi terancam.

ADB is providing financial support of nearly $4.5 million to help conserve one of the world’s most critical but threatened forest areas in the Indonesian portion of the island of Borneo.

ADB is lending $150 million towards a $500 million project that will build a hydropower plant with a 140-megawatt capacity.

Tonga is taking crucial steps to mainstream climate resilience into development planning in collaboration with ADB.

A new online Companies Registry, which was funded by ADB and will improve efficiency of business processes in Samoa, will be launched today by the Ministry of Commerce.

ADB and Government of Australia are providing an extra $37 million for a project improving roads and tackling HIV and human trafficking risks along a key coastal route linking Viet Nam and Cambodia.