News Releases

The Government of Sweden is extending an additional SEK35,000,000 (about $5 million equivalent) to an ADB-administered trust fund which is helping combat the spread of HIV/AIDS in Asia and the Pacific.

ADB is extending $3 million to assist in aid efforts in the wake of the Mount Merapi volcano eruptions, which destroyed homes and displaced hundreds of thousands of people in Central Java province and Yogyakarta Special region in October and November 2010.

Nam Theun 2, the Lao People's Democratic Republic's largest hydropower facility, was officially inaugurated today, signaling a new era for growth, development and poverty reduction in the landlocked Southeast Asian country.

ADB, the largest external financier in Mongolia's health sector, is providing fresh assistance to improve hospital services in the capital, Ulaanbaatar, and to strengthen the country's drug safety regime.

ADB will provide $90 million in loans to help Sri Lanka restore water supply and sanitation infrastructure to the conflict-affected Northern Province.

ADB is extending $49 million to expand surveillance response systems to help control dengue outbreaks, and prevent the spread of communicable and tropical diseases in Cambodia, Lao PDR, and Viet Nam.

ADB, along with its research partners and developing member countries, are to explore new ways of strengthening food security and improving nutrition in a region where 65% of the world's undernourished people live.

Bangladesh, with support from ADB, is stepping up efforts to upgrade rural roads and market facilities to improve growth and livelihood opportunities, and to cut poverty in underdeveloped areas.

ADB is to help Palau carry out broad reforms to improve the sustainability and cost effectiveness of its water and sanitation services.

As developing Asia's recovery from the global crisis gains firm hold, medium- and long-run growth will re-assert itself as the region's top economic priority. The central challenge now facing the region is to transform its V-shaped recovery into sustained growth beyond the recovery.