News Releases

Trade Crucial for Inclusive, Sustainable Growth in Asia-Pacific - ADB

Trade has been a key tool for driving growth and poverty reduction in Asia and should be expanded and improved so the benefits are shared by all economies in the region, ADB President Haruhiko Kuroda said today.

ADB to Help GMS Boost Biomass Use for Clean Energy, Food Needs

ADB is to help the Greater Mekong Subregion scale up the use of biomass waste in the agriculture sector to meet its growing need for clean energy and food security for poor rural households.

ADB, Swiss Re Sign Agreement to Boost Trade in Asia

As part of an innovative agreement to boost exports and imports in developing Asia, re/insurance giant Swiss Re will insure $250 million of trade finance conducted via ADB's Trade Finance Program.

ADB Praises Maldives' Climate Change Efforts, Urges Continued Fiscal Reforms

Efforts by the Maldives to tackle the effects of climate change are highly encouraging, but the country must continue with reforms to address its fiscal deficit, and promote inclusive and regionally-balanced growth, ADB President Haruhiko Kuroda said today.

ADB Invests in Three Climate Change Technology Venture Capital Funds

ADB is investing $60 million to help set up three venture capital funds dedicated to nurturing new climate change technologies. The funds will primarily target the markets of the People's Republic of China and India, which are actively promoting clean energy and sustainable technologies.

ADB Supports Shanghai Pudong Development Bank Lending for Green Buildings

ADB is providing CNY300 million in partial credit guarantees to Shanghai Pudong Development Bank, or SPD Bank, to support private-sector financing of energy-efficient buildings across the People’s Republic of China (PRC).

ADB President Urges Asian Leadership, Good Governance to Ensure Prosperous Future

Asia can lead the world to more balanced, equitable, and sustainable growth if it confronts its medium- and long-term challenges “with purpose and passion,” ADB President Haruhiko Kuroda told the opening session of the 44th ADB Annual Meeting today in Ha Noi, Viet Nam.

Asia Must Address Climate Change Impact on Water and Food - ADB Panel

Climate change will create unprecedented challenges in the Asia-Pacific region in coming years, intensifying existing pressures on water and food supplies, while exacerbating weather related disasters, a panel of experts stressed today.

Window of Opportunity for Asia to Improve Gender Equality at Work - ADB, ILO

Asian countries have a window of opportunity to tackle gender inequality in their labor markets and support sustainable crisis recovery, according to a new report published today by ADB and the International Labour Organization.

Soaring Food Prices Again Threaten to Push Millions of Asians into Poverty - ADB

Resurgent global food prices, which posted record increases in the first two months of 2011, are again threatening to push millions of people in developing Asia into extreme poverty, says a new report from ADB titled 'Global Food Price Inflation and Developing Asia'.