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ADB Provides $200,000 for Solomon Islands Flood Relief

ADB is providing a $200,000 grant to Solomon Islands government to help fund humanitarian and relief efforts following recent major floods.

Growth Up Slightly in Solomon Islands, But Fiscal Space Needed to Facilitate More Inclusive Growth – ADB Report

Economic growth in Solomon Islands is expected to pick up slightly to 3% in 2014, and remain steady at 3% in 2015 due to a fiscal stimulus from investment projects which will have a spillover effect on the economy, according to ADB’s 2014 Asian Development Outlook report.

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 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.

Pacific Growth to Pick Up in 2014 - ADB

Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to ADB's latest Asian Development Outlook 2014, launched in Sydney today.

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.

Senior Pacific Media Gather in Sydney to Talk Business

Media industry professionals, publishers, proprietors, editors, and journalists from across the Pacific are gathering in Sydney today for the inaugural Asian Development Bank (ADB) Pacific Business Media Summit.