European Representative Office
In the Spotlight
ADB approved $22.93 billion in development assistance last year, according to its 2014 Annual Report, including $13.69 billion from ADB’s ordinary capital resources and Special Funds, and a record $9.24 billion from cofinancing partners.
Thanks to robust partnerships with its development partners, ADB achieved $22.9 billion in operations in 2014 by leveraging $9.2 billion in cofinancing—a record high for ADB—with $13.7 billion of its own resources.
Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new ADB report. Read the news release or watch the video.
Widening credit spreads, a stronger United States dollar, Greece’s debt crisis, and plunging oil prices are growing risks to local currency bonds in emerging East Asia, the latest Asia Bond Monitor shows.
Three irrigation systems developed in Viet Nam’s Red River Delta with assistance from ADB and Agence Française de Développement (AFD) have helped improve the livelihood of farming communities.
The European Representative Office (ERO) was established in 1996 to enhance public awareness of and support for ADB in 17 European member countries. ERO engages with a wide range of stakeholders, in particular with key decision makers and opinion leaders in governments, development agencies, international institutions, the private sector and civil society. It also works with the media to reach out to wider audience groups, including the general public.
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