News Releases

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.
21 Aug 2013

Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report

Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new ADB report.
16 Aug 2013

ADB & New Zealand Help Vanuatu Improve Ports And Expand Interisland Shipping

ADB and the New Zealand Government today joined the Government of Vanuatu to officially launch the Vanuatu Interisland Shipping Support Project which will improve domestic port facilities and expand shipping services to remote islands.
5 Aug 2013

ADB, Australia, Korea To Support New Transport Link in Mekong Delta

ADB will lend $410 million to Viet Nam to build sections of a second arterial highway connecting Ho Chi Minh City to the Mekong Delta and southern coastal regions.
1 Aug 2013

Australia, Canada Increase Support for Philippines' Public-Private Partnerships

The Government of Canada and the Government of Australia, through ADB, are providing further funding to strengthen the Philippine Public-Private Partnership (PPP) Center and the Project Development and Monitoring Facility, which finances project preparation costs to ensure the bankability of PPP projects.
27 Jun 2013

ADB Trims Pacific 2013 Economic Outlook as Risks to Growth Emerge

ADB latest Pacific Economic Monitor has trimmed the 2013 economic growth forecast for the Pacific region to 5.0% on the back of lower-than-expected government capital spending in Timor-Leste, slower gold production in Solomon Islands, and lower growth prospects in Kiribati and Nauru.
22 Apr 2013

ADB Assistance Tops $21.5 Billion in 2012

ADB approved $21.57 billion in financing operations including cofinancing last year, according to ADB’s 2012 Annual Report, released ahead of its 46th Annual Meeting of the Board of Governors to be held 2–5 May in Delhi, India.
2 Apr 2013

New Office to Improve Pacific Infrastructure

A partnership of government and international development agencies announced the establishment of the Pacific Region Infrastructure Facility (PRIF) Coordination Office, which will assist in improving infrastructure and services in Pacific island countries. PRIF partners consist of ADB, Australia, New Zealand, the World Bank Group, the European Commission, and European Investment Bank.
10 Dec 2012

Improved Budget Management Protects Pacific Countries Against Global Effects

Fiscal positions in small island economies of Kiribati, Nauru, Samoa, Tonga, and Tuvalu improved in 2012, largely due to improved budget performance in the face of a weakening global economic environment, according to the December issue of the Pacific Economic Monitor, released today.
10 Dec 2012

Smallest Pacific Economies Must Build Links, Boost Connections to Thrive - ADB

The smallest Pacific island economies can overcome economic growth challenges related to isolation and low populations by expanding economic links and using technology to build connections, according to the December issue of ADB's Pacific Economic Monitor, released today.