News Releases

ADB and the Government of Viet Nam today signed an agreement for a US$1 million grant to help improve the quality of life and livelihoods of poor communities in Viet Nam's central region through an innovative urban environmental improvement project.

The Asia and Pacific region is moving into a new era of development, ADB President Haruhiko Kuroda told the opening of the 38th Annual Meeting of the Board of Governors today.

ADB has approved a US$1 million grant from its Japan Fund for Poverty Reduction, financed by the Government of Japan, to help restore the livelihoods of farmers in the Maldives affected by the December tsunami disaster.

ADB today approved a US$197 million grant and loan package for two projects that will help rebuild tsunami- and conflict-affected areas of Sri Lanka. External funding for the projects will total $256 million including grant cofinancing by the European Commission and Sweden.

ADB will assist Government agencies in harnessing and managing the abundant water resources of the Agusan River in southern Philippines, through an integrated master plan to be drawn up with the help of a technical assistance grant of $970,000.

ADB will provide clean water and sanitation facilities to about 1,500 communities of rural Indonesia, including tsunami-affected areas, through an assistance package approved today comprising loans amounting to US$64.7 million and $16.5 million in an emergency assistance grant.

ADB will help the Government of Pakistan prepare a project to improve livelihood opportunities and promote sustainable natural resource management in the coastal and inland communities of Sindh province through a technical assistance grant approved for US$650,000.

ADB expects to significantly increase its public and private investment in infrastructure in the next five years, Vice-President Geert van der Linden told an infrastructure meeting in Tokyo today.

Developing countries in East Asia need to spend more than a trillion dollars over the next five years in roads, water, communications, power, and other infrastructure, says a new study released here today by the ADB, Japan Bank for International Cooperation, and the World Bank.

ADB will prepare a project to improve water supply and sanitation in areas of the southern Central region of Viet Nam, through a technical assistance (TA) grant approved for US$950,000.