Developing Asia's growth is slowing faster than anticipated in the Asian Development Outlook 2012. Deceleration in the region's two giants - the People's Republic of China and India - and major exporting economies is tempering earlier optimism.
Service sector development will be the central theme of Asia's structural change in the coming years. Rising income levels and rapid expansion of the middle class are driving the demand for services, and some countries are at or approaching the post-industrial stage where services typically assume a bigger role.
Over the course of two decades, the GMS Program has invested about $15 billion in projects covering subregional roads, airports and railways, power facilities, tourism infrastructure, and communicable disease prevention.
By 2025, possibly 21 out of 37 of the world's megacities - cities with 10 million or more people - will be from the Asia and Pacific region. How can the region cope with this rapid urbanization while maintaining environmental sustainability?
In the People's Republic of China, there is a rapid increase in electricity demand and a heavy realiance on its vast coal reserves as a result of an energy-intensive economic growth. Here's how ADB is helping the country decarbonize its power sector.
In the Philippines, a $625 million private equity fund - the largest and first of its kind in the country - will invest in core infrastructure assets. Find out which sectors this fund will initially focus on.