News Releases

The Asian Development Bank (ADB) is providing a $10 million loan and a $1.7 million grant to assist in the continued development of a sound, efficient and market-oriented financial system in Cambodia as part of efforts to sustain economic growth and eradicate poverty.

Strong economic growth and improved financial systems along with limited exposure to U.S. subprime mortgages have helped curb spillover effects of global credit woes on emerging East Asian economies, but risks loom, says a new report issued by Asian Development Bank.

Local currency bond markets in developing Asian economies have come a long way since the 1997-98 financial crisis, and now is a good time for regional investors to invest in this asset class, top government officials and investors said at a conference today.

(24 October 2007) - Top government officials, investment bankers, portfolio managers and credit rating officials will gather in Tokyo next week to discuss pros and cons of investing in local currency denominated Asian bonds.

The Asian Development Bank will lend Pakistan US$400 million to help it develop well-functioning capital markets, particularly in equity and long-term debt. This will further strengthen the economy and make it more resilient to financial shocks.

Continued strong growth in the People's Republic of China and only slightly moderating expansions in the newly industrialized economies and most of ASEAN should lead emerging East Asia to robust 8.1% GDP growth in 2007 and 7.9% in 2008, says a new report issued by the Asian Development Bank.

Managing the recent influx of capital inflows in Asia and its impact on exchange rates poses a key challenge for policymakers in the region, Thailand's Finance Minister Chalongphob Sussangkarn told an international conference today.

A variety of multimedia options will be available for those interested in following the events at the Asian Development Bank’s July 2nd international symposium, “Asia is Moving Forward: Ten Years After the Crisis.”

Top finance officials from Asia will gather at the Asian Development Bank in Manila on 2 July for an international symposium “Asia is Moving Forward: Ten Years After the Crisis.”

The Asian Development Bank returned to the Japanese bond market today with the pricing of its JPY50 billion 20-year global bond issue, proceeds of which will be part of the bank's ordinary capital resources and used in its lending operations.