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ADB Urges Asia to Take Advantage of Global Value Chain Opportunities

Asian economies—having reaped substantial gains from global value chains in the past 25 years—can extend these gains if governments and business work together to reduce tariffs and non-tariff trade barriers, and improve logistics and transport infrastructure, says a new ADB report.

Developing Asia Fastest Growing Region as Key Economies Advance Reforms

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies in the region move ahead with structural reforms, says a new ADB report.

Fast Track Reform to Boost Indian Growth, Says ADB

Spurred in part by a new government with a strong mandate and a wide-ranging reform agenda, the Indian economy is set to benefit from a revival of investment and improved growth in advanced economies, says a new ADB report.

Structural Reforms More Important Than Growth Targets in PRC, Says ADB

teady consumption and rising external demand will support economic growth in the People’s Republic of China this year, especially if the government continues an accommodative macroeconomic policy package, the ADB said in a new report released today.

ADB Supports Reform of Commercial Government Business Enterprises in Vanuatu

Reform of Commercial Government Business Enterprises are critical to improve basic service delivery and create opportunities for private sector engagement in Vanuatu, participants at an ADB supported workshop were told today.

New ADB Report Urges Reform of Vanuatu’s Flagging State-Owned Enterprises

Vanuatu’s policymakers and private sector representatives will learn this week how a broad-based state-owned enterprise (SOE) reform program is crucial to improving the poor performance and service delivery of the country’s SOEs.

ADB Supports Work Skills Competitions in Timor-Leste To Demonstrate Quality Training

The Government of Timor-Leste, ADB and vocational training centers-Don Bosco Comoro, Dili Institute of Technology Baucau, SENAI Becora, and CNEFP Tibar will join forces today to support a series of demonstrations of skills gained by trainees who have participated in the Timor-Leste Mid-Level Skills Training Project.

ADB Vice-President Visits PNG To Discuss Private Sector Operations

ADB Vice-President Lakshmi Venkatachalam arrived today in Port Moresby, Papua New Guinea (PNG), where she will meet with senior government officials for discussions on ADB’s support for private sector development in PNG.

ADB Welcomes New Public–Private Partnership Act in PNG

ADB has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0.

ADB Launches Asia Women Leaders Program

ADB today launched the Asia Women Leaders Program to address a glaring absence of women from leadership roles in Asia and the Pacific.