Japanese Representative Office
In the Spotlight
The 2015 growth forecast for developing countries in Asia has been trimmed from 6.3% to 6.1% amidst slower-than-expected economic activity in the United States and the People’s Republic of China, according to a new ADB report.
Bond markets in emerging East Asia remain volatile due to the Greek debt crisis and the possibility of a US interest rate hike, says ADB's latest Asia Bond Monitor.
ADB has appointed Diwakar Gupta as Vice-President for Private Sector and Cofinancing Operations, and Bambang Susantono as Vice-President for Knowledge Management and Sustainable Development.
The governments of Japan, Canada and Australia are providing a total of $64 million for an ADB facility to help developing Asia and the Pacific prepare, structure, and place public-private partnership (PPP) projects in the market.
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.
Nepal Earthquake: ADB to Provide $3 Million for Immediate Relief and up to $200 Million For Rehabilitation
ADB offers help to Nepal in the wake of the powerful 7.8 magnitude earthquake that struck the country on 25 April, as President Nakao offers his deepest condolences to those affected. Read the statement.
A $2 million technical assistance grant from the Japan Fund for Poverty Reduction, administered by ADB, will be used to train government, community officials and local volunteers in Armenia, Bangladesh, Fiji, and the Philippines to use new state-of-the-art space-based technology and other high tech tools for disaster planning.
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.
The Japanese Representative Office (JRO) serves as the focal point for interaction between ADB and its constituencies in Japan. JRO's main roles are to:
- promote public awareness about ADB and Asian and the Pacific region in Japan
- promote resource mobilization from official and private sectors in Japan for ADB operations
- assist government agencies, NGOs and other constituencies in Japan in liaising with ADB by providing necessary information and increasing interface and coordination.