News Releases

Latest News Releases


The Government of Timor-Leste, ADB and vocational training centers-Don Bosco Comoro, Dili Institute of Technology Baucau, SENAI Becora, and CNEFP Tibar will join forces today to support a series of demonstrations of skills gained by trainees who have participated in the Timor-Leste Mid-Level Skills Training Project.

ADB and the Government of India today signed two loans totaling $150 million to help build transmission lines that will support renewable energy development in the state of Rajasthan. 

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.

The Government of Kiribati, the University of the South Pacific  and ADB participated in a ground-breaking ceremony today to officially mark the first step toward upgrading the USP’s Tarawa Campus, which will boost students’ access to higher education.

ADB announced today the establishment of a new trust fund to support the adoption of advanced low-carbon technologies in its developing member countries (DMCs), with a grant of ¥1.8 billion (about $17.65 million) from the Government of Japan.

ADB and World Bank signed a memorandum of agreement to harmonize their support for the Philippine government’s flagship program to rebuild areas devastated by super-typhoon Yolanda, known internationally as Haiyan. 

A $400 million ADB project to improve water and wastewater management services in greater Colombo will be expanded through cofinancing of $101 million from Agence Francaise de Developpement. 

ADB and the Government of India today signed a $176 million loan that will fund the extension of Jaipur’s first metro train line. Extending the line will reduce both congestion and pollution in the fast-growing Indian heritage city.

ADB will lend $350 million to Bangladesh to help public and private institutions scale up skills training for 1.25 million young workers so they are well-equipped to find jobs and meet the changing needs of today’s labor market.

Asia and the Pacific is the most dynamic region in the world. Yet, poverty remains the biggest challenge. ADB will sharpen its operational focus to better help its clients overcome challenges, ADB President Takehiko Nakao said today in his opening address to the 47th Annual Meeting of ADB’s Board of Governors.