News Releases

Latest News Releases


Work has begun to upgrade and rehabilitate Tatamba Wharf on the eastern end of Santa Isabel. The wharf is one of four wharves and a landing ramp to be improved under the second phase of the Domestic Maritime Support Project, which is financed by the Solomon Islands Government, ADB, Australian Government, and New Zealand Aid Programme.

ADB will invest $228 million in energy projects in the Pacific in the next 3 years to help the region reduce its heavy reliance on fossil fuels and support more sustainable and environmentally friendly growth, according to its new Pacific Energy Update 2014.

ADB has approved a $180 million equivalent loan to help Nepal overcome its crippling power shortages and export surplus power to neighboring India.

ADB has approved a $300 million loan to help India’s northeastern Assam state continue its drive to eliminate power sector inefficiencies that are hurting its consumers, its world-famous tea industry, and its environment.

ADB has made an equity investment of $50 million in a leading Indian renewable energy company ReNew Power Ventures Private Limited (ReNew Power), underscoring ADB’s commitment to help India meet its clean energy targets.

ADB is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises, and to a financing company to support the nascent leasing sector in Mongolia. 

ADB will help identify and ease constraints on international trade in the Pacific through a $2 million technical assistance grant from the Japan Fund for Poverty Reduction, financed by the Government of Japan.

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB is helping Mongolia’s micro-, small- and medium-sized enterprises (MSME) get better access to bank financing from one of its biggest banks, through a $40 million loan approved today.

ADB will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods and costing the economy an estimated $250 million a year.