North American Representative Office
In the Spotlight
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.
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.
Infrastructure Asset Management: Can the Canadian Municipal Experience Help Inform Better Practices in Southeast Asia?
Local government units everywhere are struggling with how to meet increasing demands for municipal services. Field observations in Southeast Asia in 2014 indicate that local governments are experiencing many of the same issues as their counterparts in Canada.
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.
The North American Representative Office (NARO) was established in 1995 in Washington, DC, to enhance ADB's presence in Canada and the United States. The office acts as a liaison between ADB's Manila Headquarters and American policymakers and major stakeholders. It serves to strengthen collaboration with other multilateral institutions based in North America, and conducts public and media outreach.
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