News Releases

Vendors in three economic corridor towns in Cambodia, Lao People’s Democratic Republic, and Viet Nam will see greater access to microfinance and more space available to set up shop with a $2.5 million Japan Fund for Poverty Reduction grant that will build new markets and enhance financing.

ADB is providing a $100,000 emergency grant to the Government of the Republic of the Marshall Islands to help fund drought relief efforts in the northern areas of the Marshall Islands.

ADB is helping a private sector company in Armenia rehabilitate its hydropower plants to restore the country’s renewable energy capacity and improve the power plants’ reliability and safety.

Asia needs a robust bond market that can match the financing requirements of huge infrastructure projects in the region and the growing appetite for long-term assets among local pension and insurance companies, a seminar at ADB's 46th Annual Meeting heard today.

The Asian Development Bank (ADB) has approved an $80 million loan to modernize and expand the wastewater network and treatment facilities in the populous Kathmandu Valley.

ADB is investing $30 million equity in NSL Renewable Power Private Ltd. (NRPPL), a leading renewable energy company in India, to support hydropower and wind power projects that will generate 530 gigawatt-hours every year, and reduce carbon dioxide emission by 400,000 tons annually from 2017 onward.

The ASEAN Infrastructure Fund Limited is set to begin its lending operations in the second half of 2013, with a pipeline of around $1 billion in projects for the next three years.

ADB and Government of Papua New Guinea have today signed two loans that will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to an estimated 3,000 low-income households. The loans were signed at ADB’s 46th Annual Meeting in New Delhi, India.

ADB welcomes the passage yesterday of the State Owned Enterprises Act. ADB and the Australian Agency for International Development supported drafting of the legislation, which was prepared following extensive local consultations.

Local dairy and fruit farmers in Kazakhstan are expected to secure long-term supply contracts from the country’s leading beverage company as it expands production facilities and improves its delivery system through financial assistance from ADB.

ADB and the Government of Japan will fund the trial of innovative new crop insurance products that will give small-holder farmers in Bangladesh income protection from increasingly severe storms and natural disasters.

The Government of Timor-Leste, ADB and Don Bosco Training Center at Comoro today marked the first steps towards upgrading an automotive skills training facility that will provide vocational qualifications and help develop a skilled workforce.

ADB is extending $200 million in loans to the Dynagreen Environmental Protection Group Company to help small and medium-sized cities in the People’s Republic of China (PRC) turn their growing mountains of solid waste into a sustainable source of renewable energy. The loan agreement was signed today in Beijing.

ADB is providing $85 million for the construction of three solar power plants in central Thailand, under a public-private partnership program, that will generate 57 megawatts in contracted capacity.

Today, ADB and the Government of Tajikistan signed an agreement for a project that will improve access of isolated rural communities in eastern Tajikistan to strengthened health services.