News Releases

Latest News Releases


ADB and Government of Japan are providing technical assistance to help Greater Mekong Subregion member countries tackle weaknesses in sanitary and phytosanitary (SPS) procedures, which are undermining cross border trade flows.

Tourism could generate an additional $330 million in earnings and 27,000 new jobs in the Lao PDR under a project supported by ADB to upgrade the country’s tourism infrastructure, boosting the industry’s contribution to the economy.

ADB has received a US Department of Treasury award for a pioneering rail project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy.

Economies across the Pacific region will face rising challenges in generating needed jobs for their rapidly growing working-age populations in coming years, according to ADB's latest Pacific Economic Monitor launched today.

Non-oil GDP growth forecasts for Timor-Leste for 2014 and 2015 have been trimmed to 8% from an earlier projection of 8.5% as private sector credit growth stalled in the first quarter, says the ADB's new issue of Pacific Economic Monitor launched today. 

While its economy enjoys robust economic growth, Papua New Guinea will face challenges in continuing to generate formal job opportunities for a rapidly growing work force, according to the ADB's new issue of the Pacific Economic Monitor, launched today.

ADB is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises, and to a financing company to support the nascent leasing sector in Mongolia. 

ADB will help identify and ease constraints on international trade in the Pacific through a $2 million technical assistance grant from the Japan Fund for Poverty Reduction, financed by the Government of Japan.

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB is helping Mongolia’s micro-, small- and medium-sized enterprises (MSME) get better access to bank financing from one of its biggest banks, through a $40 million loan approved today.