News Releases

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.

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.

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.

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.

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.

Southeast Asia's Strength Keeps Asia Growth on Track - ADB Report

The surging economies of Southeast Asia have been a bright spot in developing Asia’s otherwise subdued 2012 growth performance, but the broader region should still pick up steam in 2013, says a new ADB report.

ADB Appoints New Vice-President

ADB appointed Bruce Davis as Vice-President (Administration and Corporate Management) on 5 December.

Huge Financing Gap Must Be Filled to Promote Climate-Friendly Technology - ADB

Massive investment is required to develop and deploy climate-friendly technology if global warming is to be halted and developing countries prepared to cope with the adverse consequences of climate change, delegates heard today at the annual global conference on climate change.

Developing Asian Economies Must Focus on Greener, More Inclusive Growth - ADB

While advanced economies gradually rebuild their balance sheets, Asia’s emerging markets need to diversify sources of growth to boost GDP, ADB President Haruhiko Kuroda said today during an address at the Association of Southeast Asian Nations Global Dialogue in Phnom Penh, Cambodia.

Asia and Pacific Countries Receive $160 Million for Climate Change Action

The Climate Investment Funds wrapped up week-long meetings with more than $160 million allocated for developing countries in Asia and the Pacific to expand access to renewable energy, manage forests to conserve their carbon, and build resilience to the adverse impacts of climate change.