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ADB President Commits to Partnering With India in Reigniting Growth and Reducing Poverty

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.

PHOTO RELEASE: President Nakao meets India’s Finance Minister

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.

Broader View of Poverty Underscores Critical Long-Term Challenge—ADB

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.

Shang-Jin Wei Takes Office As ADB Chief Economist

Shang-Jin Wei, a professor of finance and economics at Columbia University’s Graduate School of Business located in New York City, started work today as Chief Economist of the Asian Development Bank (ADB).

New Joint Venture Established for Private Equity Investments in Climate-Related Transactions Throughout Asia

ADB, ORIX Corporation and Robeco Institutional Asset Management B.V. today announced the formation of Asia Climate Partners, a joint venture that will undertake commercially-oriented private equity investments across a variety of environmentally supportive, low-carbon transactions throughout Asia.

ADB’s Private Sector Investments Top $4.7 Billion at End 2013

ADB private sector operations performed strongly in 2013, with better project success rates and more than $4.75 billion of cumulative investments in sectors including clean energy, agriculture, and health, a performance report shows.

Conflict between Brown and Green Growth Can Be Narrowed, Says Study

Asia’s governments must make tough choices in energy investments that can provide affordable energy while meeting pressing environmental objectives, especially on climate change, says a study by ADB's Independent Evaluation Department.

ADB Maintains Developing Asia Growth Forecast

Developing Asia remains on track toward steady growth in 2014 despite slower-than-expected growth in the United States in the first quarter, says a new ADB report.

KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

Japan, ADB Announce Fund to Promote Low-Carbon Technologies in Asia

ADB announced today the establishment of a new trust fund to support the adoption of advanced low-carbon technologies in its developing member countries (DMCs), with a grant of ¥1.8 billion (about $17.65 million) from the Government of Japan.