News Releases

Latest News Releases


ADB will continue to support growing small- and medium-sized enterprises in Lao People’s Democratic Republic with a $15 million loan and another $4.378 in technical assistance (TA) designed to help promote and develop the private sector, including improving the registration of enterprises.

As Asian economies continue to improve their relative comparative advantage in exporting sectors, it is also important to increase competitiveness and productivity through more research and development and innovation – two essential elements for sustainable wage growth and job creation in the region, a new study by ADB suggests.

The Kyrgyz Republic and ADB have agreed on a new Country Partnership Strategy for 2013 – 2017 to reduce poverty and advance inclusive economic growth. 

Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new ADB report.

Ministers and senior government officials from the six Greater Mekong Subregion (GMS) countries met today to discuss multi-billion dollar projects and activities that will be pursued under the Regional Investment Framework (RIF) as the means of widening and deepening economic corridors.

The newly expanded Colombo Port formally opened for business today, a move that will allow Sri Lanka to regain its role as a leading South Asia trans-shipment hub.

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation Program met on 27-28 June in Almaty to review the implementation of the program aimed to develop regional transport networks, boost regional trade, and secure an efficient, reliable energy supply.

Consultations began yesterday in Honiara on an updated Customs and Excise Act which will boost trade and lift the economy in the Solomon Islands.

The Government of Myanmar, alongside ADB and the Government of Norway, today unveiled a Tourism Master Plan which outlines 38 development projects valued at nearly a half billion dollars that will help increase Myanmar’s tourism competitiveness, protect environmentally important areas, and safeguard ethnic communities.

Vendors in three economic corridor towns in Cambodia, Lao People’s Democratic Republic, and Viet Nam will see greater access to microfinance and more space available to set up shop with a $2.5 million Japan Fund for Poverty Reduction grant that will build new markets and enhance financing.