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.
21 Aug 2013

High Speed Broadband Goes Live in Tonga

ADB, Tonga Cable Corporation (TCC), and World Bank Group joined the Government of Tonga at a ceremony today to celebrate the arrival of high speed internet in Tonga.
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.
11 Jun 2013

High-Speed Broadband One Step Closer with the Arrival of the Submarine Cable

The World Bank Group, ADB, and Tonga Cable Limited, media, and others joined the Government of the Kingdom of Tonga at a ceremony today to celebrate the landing of the fiber optic cable in Tongatapu.
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.
18 Feb 2013

Companies Registry Goes Online in Samoa

A new online Companies Registry, which was funded by ADB and will improve efficiency of business processes in Samoa, will be launched today by the Ministry of Commerce.
28 Dec 2012

ADB Provides $500,000 to Samoa for Cyclone Relief Efforts

ADB is providing a $500,000 emergency grant to the Government of Samoa to help fund humanitarian and relief efforts for those affected by Cyclone Evan. The funds will be used to supply a wide variety of essential needs and services to people affected by the disaster, and will also support rehabilitation work.
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.