News Releases

Latest News Releases


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.

Work has begun to upgrade and rehabilitate the Keru Wharf near New Georgia in Western Province. The wharf is one of four wharves to be improved under the second phase of the Domestic Maritime Support Project, which is financed by the Solomon Islands Government, ADB, the Australian Government, and the New Zealand Aid Programme.

ADB President Takehiko Nakao and Palau’s Finance Minister and ADB Governor Elbuchel Sadang have signed a loan agreement to fund the Koror-Airai Sanitation Project, which will improve the delivery of sanitation services in Palau.

ADB will provide an additional $30 million loan to the Government of Nepal to scale up the upgrading of the Gautam Buddha Airport (GBA) in Bhairahawa into an international airport with higher air safety standards.

The governments of Japan, United Kingdom (UK), and the United States (US) will continue their support for improving and maintaining Afghanistan’s key roads, power plants, and other infrastructure by providing an additional $286 million to the Afghanistan Infrastructure Trust Fund.