Finance Sector Development: News Releases
Read news releases related to the finance sector.
Latest News Releases
ADB $200 Million Loan to YES Bank Helps Rural Women, Small Holder Farmers
The Asian Development Bank (ADB) has signed a loan of up to $200 million with YES Bank Ltd which will provide financing assistance to low income women borrowers and small-scale farmers in rural India.
ADB’s 1st Private Investment in Tajikistan Supports Small Business Finance Through AccessBank
ADB has approved its first private investment in Tajikistan, a package of equity and loans for Access Bank Tajikistan to support its business growth and boost financing for micro, small and medium-sized enterprises and services.
ADB to Help Kiribati Improve Fiscal Management to Build Long-Term Resilience
TARAWA, KIRIBATI – The Asian Development Bank (ADB) has approved a $3 million grant which is expected to improve fiscal sustainability in Kiribati in line with the government’s fiscal framework and the Kiribati Economic Reform Plan (KERP).
Emerging East Asia’s Bond Markets Resilient But Risks Are Rising
Emerging East Asia’s local currency bond markets are resilient but a faster-than-expected US interest rate hike and a stronger dollar could pose problems, says the ADB's latest Asia Bond Monitor.
Unlocking the Value of Movable Assets Is Key to Pacific Prosperity—New ADB Report
Unlocking the value of “movable property” through legal reform and public online registries key to removing constraints to economic growth and access to finance in developing Pacific island economies a PSDI report says.
ADB To Help Spur SME Growth In Kazakhstan
ADB is providing a $122 million loan to develop small- and medium-sized enterprises (SMEs) through participating banks and the state-owned JSC Damu Entrepreneurship Development Fund (Damu) in Kazakhstan.
7,200 Graduates Celebrate Completion of Financial Education Supported by ADB and Australia
Thousands of villagers from Enga Province in Papua New Guinea celebrated the completion of their financial education training in a mass graduation ceremony today—marking another milestone for a Microfinance Expansion Project supported by ADB and Australia.
Asia's Bonds Face Rising Risks from US Rates, Mid-East Tensions, PRC Property
Emerging East Asia’s local currency bonds have performed well so far in 2014 but an earlier-than-anticipated US rate hike, a slowing property market in the People’s Republic of China, and higher risk aversion and inflation due to Middle East tensions could undermine that, says a new report from the ADB.
Multilateral Development Banks Agree to Reinforce Climate Financing in Advance of UN Summit
The world’s six multilateral development banks today reaffirmed their shared commitment to lead by example by continuing to reinforce and further develop climate financing through a joint statement issued in advance of the United Nations Secretary-General’s Climate Summit being convened in New York on 23 September.
ADB's Inaugural Rupee-Linked Bond Raises $50 Million
ADB has raised Rs3 billion (about $50 million) from its maiden issuance of offshore Indian rupee-linked bonds. This issuance is the first bond issued under ADB’s $500 million offshore rupee-linked bond program and aims to deepen India’s capital markets.