Finance Sector Development: News Releases
Read news releases related to the finance sector.
Latest News Releases
Mongolia Gets Support from ADB, Japan, to Resolve Banking Problems
Mongolia will receive support from the Asian Development Bank to assist with implementing reforms in the banking sector to promote growth and economic recovery in the wake of the global economic crisis.
ADB Prices 1 Billion Yuan Panda Bonds in PRC
The Asian Development Bank today priced its 2nd renminbi-denominated bonds in the domestic capital market of the People's Republic of China. The issue has a principal amount of RMB 1 billion and a bullet maturity of 10 years.
Asia's Bonds Markets Must Tackle Trio of Challenges, ADB Says
"Developing Asia's bond markets must overcome low liquidity, a narrow investor base and limited borrower access if they are to support sustainable economic development in the region," said Bindu N. Lohani, ADB Vice-President, Finance and Administration.
ADB Announces 1 Billion Yuan Panda Bonds Issuance in PRC
ADB today announced that it will issue its second renminbi-denominated "Panda" bonds in the domestic capital market of the People's Republic of China.
Cambodia Targets Financial System Reforms to Bolster Growth, Cut Poverty
Cambodia is currently implementing a series of reforms designed to modernize and deepen its financial system in order to support growth, reduce poverty and make the country more resilient in the face of external shocks.
Local Currency Bonds in Emerging East Asia Top $4 Trillion - ADB Report
Outstanding local currency bonds in emerging East Asia stood at $4.2 trillion at the end of September 2009, up 14.8% over 12 months and nearly eight times more than at the end of 1996, shortly before the onset of the Asian financial crisis.
Asia, ADB Should Work Together to Develop Local Currency Bond Markets
Governments in Asia should continue to develop their domestic bond markets and ADB stands ready to support those efforts, said Bindu Lohani, ADB's Vice-President of Finance and Administration.
Indonesia Steps Up Drive for Stronger, More Liquid Capital Markets
The Asian Development Bank is providing further financial assistance to Indonesia to support its drive to develop deeper, more liquid capital markets as part of ongoing financial reforms to strengthen the economy.
Bank Mandiri Obtains $105 Million Loan Facility from ADB
PT Bank Mandiri (Persero) Tbk. has signed a $105 million loan facility with ADB to strengthen its financing structure.
ADB Supports PRC Push for Universal Pension Coverage
ADB is providing a technical assistance grant of $500,000 to help People's Republic of China's establish an effective rural pension scheme that can help the country meet its goal of universal coverage by 2020.