News Releases

2 Oct 2013

ADB Raises 2013 Growth Outlook for Tajikistan

In an update of its flagship annual economic publication, Asian Development Outlook 2013, released today, ADB upgraded its 2013 gross domestic product growth forecast for Tajikistan to 7.0% from 6.5% seen in April. For 2014, growth projection remains unchanged at 6.0%. In 2012, growth reached 7.5%.
2 Oct 2013

ADB Retains Cambodia's Growth Outlook for 2013 and 2014

ADB maintained its forecast for Cambodia’s economic growth at 7.2% in 2013, supported by buoyant exports and robust construction and service sectors, says a new ADB report released today. In 2014, the pace is expected to pick up to 7.5% as recovery gains traction in Europe and the United States.
2 Oct 2013

Asia Must Step Up Governance Reforms to Sustain Growth and Development

Asia and the Pacific's economic gains must be matched by stepped-up efforts on governance so that growth benefits can be more evenly shared and development progress locked in, says a new ADB report.
2 Oct 2013

Developing Asia Slowing Amid Global Financial Jitters

Softer than expected economic activity in the People’s Republic of China and India and jitters over the United States quantitative easing program will weigh on Asia and the Pacific’s growth prospects in the near term, says a new ADB report.
2 Oct 2013

Growth Moderation Highlights Need to Continue Reforms to Improve Indonesia's Competitiveness

Growth rates in Indonesia in 2013 and 2014 will fall below earlier projections, highlighting the need to continue improving the country’s competitiveness in manufactured exports, says ADB in an update of its flagship annual economic publication, Asian Development Outlook 2013, released today.
2 Oct 2013

India Facing Pressure to Accelerate Structural Reform

The Indian economy has been under pressure with the recent depreciation of the rupee and capital outflows adding to structural constraints which are weighing heavily on its prospects for returning to a high growth path, says a new ADB report.
2 Oct 2013

Philippine Economy Surging But Job Creation Lags

Booming investment and consumption continue to underpin an economic renaissance in the Philippines, but robust growth has yet to generate sizeable numbers of new jobs, says a new ADB report.
2 Oct 2013

PRC Growth Moderation Highlights Need to Quicken Structural Reforms

Growth rates in the People's Republic of China in 2013 and 2014 will fall below earlier projections, highlighting the need to quicken structural economic reforms, says ADB.
1 Oct 2013

ADB Loan to Promote Women Entrepreneurs and Small-, Medium-Sized Enterprises in Lao PDR

ADB will continue to support growing small- and medium-sized enterprises in Lao People’s Democratic Republic with a $15 million loan and another $4.378 in technical assistance (TA) designed to help promote and develop the private sector, including improving the registration of enterprises.
1 Oct 2013

ADB to Strengthen Human Capital in India's Meghalaya State

A new $100 million project funded by ADB will improve secondary education and vocational training in India’s Meghalaya state so students are better equipped to find high-quality jobs after graduation.