News Releases

The Asian Development Bank (ADB) and the University of the South Pacific (USP) today signed the first loan agreement for a US$19 million loan package to help USP upgrade its regional campuses and ensure that students have access to innovative distance and e-learning. 

ADB is providing fresh assistance to the Government of the Maldives to build up the micro, small, and medium-sized enterprises sector in a bid to bring more people into the economy and to reduce growing income gaps between the capital Malé and outer atolls.

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

ADB Vice President Xiaoyu Zhao wrapped up a two-day visit to the Kyrgyz Republic today after several consultations with government officials on long-term development goals, short-term issues facing the country, and the role of ADB in the economic development of the country.

ADB returned to the US dollar bond market yesterday with the pricing of a $3 billion 5-year global benchmark bond issue. The proceeds of the Bank's first global bond issue of the year will form part of the Bank's ordinary capital resources and will be used in its non-concessional operations.

ADB has approved a financing facility of up to $170 million for road improvements along a transport corridor in western Mongolia that will help reduce the region’s isolation and spur development in one of the country’s poorest areas.

ADB will help Indonesia upgrade low-quality roads along key national routes to unlock growth, investment and livelihood opportunities in some of the country’s less developed, impoverished areas.

ADB is extending a $150 million loan to improve urban transport in Xi’an City, Shaanxi Province―one of the poorest and least developed provinces in the People’s Republic of China.

ADB will help Viet Nam upgrade roads in remote northern provinces to reduce the area’s isolation and deliver new economic opportunities to some of the country’s poorest people.

ADB is financing ‘smart’ electricity meters for Uzbekistan to help the energy-intensive Central Asian nation use its power resources more efficiently.

ADB is to help the Lao People’s Democratic Republic address key gaps in its secondary education system that impede its contributions to growth and the country’s transition to a market economy.

ADB has approved $754 million in assistance to rebuild Afghanistan’s shattered road and rail network, bringing to more than $1.7 billion the amount it has contributed to reconstruction of the country’s infrastructure over the past decade.

ADB is extending an $80 million loan to Nepal for water distribution improvements which will benefit more than 2.72 million people in the densely populated Kathmandu Valley.

ADB is providing a $100 million loan to the Indian state of Gujarat to help accelerate the rollout of new large-scale solar power facilities.

ADB and the Government of Timor-Leste have agreed a five-year strategic partnership that will support infrastructure, financial services, and skills training to meet the needs of a growing economy.