News Releases

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.

Pacific finance ministries need to improve budgeting and staffing in order to achieve sustainable economic growth, according to delegates at a regional workshop jointly organized by the Asian Development Bank (ADB) and the Pacific Financial Technical Assistance Center (PFTAC).

ADB is lending $170 million to build a new power plant in Thailand that will provide clean, affordable electricity to help meet the country’s increasing demand for supply.

ADB will provide approximately $465 million to support the construction of a 440-megawatt hydropower plant that will supply power to energy-hungry Thailand and provide much-needed revenue to fund poverty reduction programs in the Lao People’s Democratic Republic.

ADB and the Indonesian Ministry of Finance signed two technical assistance agreements today totaling $2.8 million to improve the government’s ability to manage water resources and promote community sanitation programs in poor urban neighborhoods.

Bangladesh and ADB have forged a new Country Partnership Strategy for 2011-2015 which includes a resource investment program of around $4.5 billion.

ADB and the Government of Australia, through the Australian Agency for International Development, are assisting the Government of Tonga to improve living conditions in the Tongan capital Nuku’alofa through better service delivery.

ADB is providing fresh support to help the Lao People's Democratic Republic build up small and medium-sized enterprises in a bid to broaden sources of growth in the national economy.

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.

An ADB funded project that focuses on bridge rehabilitation and replacement on national roads in Papua New Guinea will improve road safety and connect remote rural communities to markets, health and education services.

ADB is providing a 22.2 billion Tenge loan (approximately $150 million) in a first-ever local currency financing designed to develop small- and medium-sized enterprises in Kazakhstan.

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

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.