News Releases

ADB met the majority of its operational targets in 2012 and expanded its contribution to outcomes in its developing member countries, said an ADB performance review released today.

ADB and the Government of Myanmar have agreed on a new Interim Country Partnership Strategy that sets the stage for ADB’s re-engagement in the country.

ADB Vice-President Stephen Groff today opened the new ADB Development Coordination Office for the Cook Islands.

ADB and Viet Nam have agreed on a new four year country partnership strategy that will focus on promoting inclusive and sustainable growth, and economic efficiency.

ADB met most of its key performance targets in 2011 but outcomes from recently completed operations remained below target despite improvements over the previous year, said an ADB performance report released today.

The funds will help improve the lives of millions of Asia's poorest through inclusive, sustainable growth.

The Asia-Pacific region has made great strides in reducing poverty and is moving fast towards other development goals, but levels of hunger and child and maternal mortality are still high, according to a United Nations and ADB report released here today.

Greater accountability and better fiscal management are needed to achieve more inclusive growth in developing Asia-Pacific nations, ADB President Haruhiko Kuroda said today.

Sri Lanka and ADB have agreed on a new Country Partnership Strategy for 2012 to 2016 to reduce regional disparities, catalyze private sector participation in development, and remove human resource constraints.

The Philippines and ADB have agreed on a new Country Partnership Strategy for 2011 to 2016 that will target governance reforms and other measures needed to drive broad-based growth and poverty reduction efforts. The program amounts to a total of $3.8 billion for the six year period.

ADB continued to improve the performance of its operations and advance internal reforms during 2010, although the effectiveness of its recently completed projects, approved in the early 2000s, fell short of targets, an ADB scorecard released today said.

We met in London for our regular consultations on the global economy and to discuss how we work on issues of common concerns.

ADB has set up a new multidonor trust fund to support participation of developing countries at the next global forum on aid effectiveness.

ADB is an effective, transparent, client-focused organization, and should continue with current efforts to further improve its effectiveness, says a new donor assessment report.

Tajikistan and the ADB have agreed on a new Country Partnership Strategy for 2010 to 2014 which will advance the Central Asian nation's drive to strengthen energy supplies and transport links, and to develop a vibrant private sector to help the economy diversify.