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Norway, Japan, ADB to Help Bhutan Manage its Energy, Water Resources

ADB is working with the governments of Norway and Japan under two different projects to help Bhutan better manage its clean energy and water resources.

ADB, Japan Support Affordable Crop Insurance for Bangladesh Farmers

ADB and the Government of Bangladesh today signed a grant agreement of $2 million to develop innovative new crop insurance products that will give small-holder farmers in Bangladesh income protection from increasingly severe storms and natural disasters.

ADB Supporting Private Infrastructure Projects

ADB and the Government of Bangladesh today signed an agreement for $110 million in loans to support private sector infrastructure projects in Bangladesh, including in renewable energy.

ADB President Speaks at ASEAN Finance Ministers’ Meeting in Myanmar

ADB Pesident Takehiko Nakao participated in the 18th ASEAN Finance Ministers’ Meeting in Nay Pyi Taw, Myanmar on 5 April. Mr. Nakao presented the economic outlook and policy challenges for ASEAN in its continued push toward the ASEAN Economic Community in his speech to the ministers.

ADB, Japan Help Myanmar Upgrade Youth Skills to Lift Economy

ADB and Japan are to help Myanmar upgrade and modernize technical and vocational training programs to meet the country’s pressing need for skilled young workers.

ADB Sees Steady Growth for Developing Asia

Developing Asia will extend its steady economic growth in 2014 as higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the People’s Republic of China (PRC), says a new ADB report.

Developing Asia Should Use Public Spending to Narrow Inequality

Widening income gaps are undermining decades of successful poverty reduction in developing Asia, meaning governments should proactively use fiscal policy to close gaps and promote more inclusive growth, says a new ADB report.

ADB Supports Renewable Energy by Investing in Indonesian Geothermal Plant

ADB has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources.

ADB Provides Additional $30 Million for Airport Upgrades in Bhairahawa

ADB will provide an additional $30 million loan to the Government of Nepal to scale up the upgrading of the Gautam Buddha Airport (GBA) in Bhairahawa into an international airport with higher air safety standards.

Palau Signs $28.8 Million Loan for Sewage System Improvement

ADB President Takehiko Nakao and Palau’s Finance Minister and ADB Governor Elbuchel Sadang have signed a loan agreement to fund the Koror-Airai Sanitation Project, which will improve the delivery of sanitation services in Palau.