News Releases

ADB is extending a $170 million multitranche financing facility to help the Indian states of Bihar and Maharashtra modernize their horticulture industries, boosting the incomes of farmers and other vulnerable rural groups.

ADB and the Government of Japan are providing financial assistance to help Sri Lanka restore infrastructure and provide livelihood training for thousands of internally displaced people who are returning to their homes following the end of the country's civil conflict.

ADB today announced that it would extend $2 billion to Pakistan to help with the rehabilitation and reconstruction work resulting from the devastating floods.

Stronger than expected economic growth in resource rich Timor-Leste has resulted in an upgrade of ADB's forecast of economic growth in the Pacific region, according to the latest edition of ADB's Pacific Economic Monitor.

Asia's rebounding economies must boost investment in agriculture in order to tackle widespread hunger and cushion billions of people from future spikes in food prices, main speakers at a food security forum at ADB said today.

Hundreds of policymakers, development experts and representatives from the public and private sectors will meet in the Philippines this week to explore new opportunities to boost investment in Asia and the Pacific's agriculture sector.

ADB is extending financial assistance to Bangladesh to grow high-value crops including vegetables, spices, and fruits that will boost incomes for poor farmers and support the nation's food security.

ADB is extending a $100 million loan for rural infrastructure improvement projects in Chongqing municipality in the People's Republic of China that will reduce the income gap between urban and rural areas and provide a potential model for national replication.

The People's Republic of China needs 413.5 billion yuan (or roughly $60.5 billion) in investments over the next 10 years to harness its biomass energy potential in rural areas, an ADB report issued today said.

ADB has addressed a range of challenging issues involved in an ADB-funded irrigation project in Pakistan, and compliance requirements have now been met, the independent Compliance Review Panel says.