News Releases

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.

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.

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.

ADB has approved a grant and loan totaling $35 million to help the Government of Bhutan fill a resource gap in its finances and allow it to continue to develop its economy.

ADB is providing a $5 million grant to Solomon Islands to support the government’s delivery of improved public investment and basic social services.

Creating more and better jobs in industries driving growth in the Philippines is the focus of two technical assistance grants worth more than $12.7 million that will fund a pilot youth job placement program and improve skills in the tourism sector.

ADB, Department of Transportation and Communications, and City of Davao, together with the Embassy of Japan, have launched a $1 million technical assistance project funded by the Japan Fund for Poverty Reduction that will support the city in developing a sustainable urban public transport system.

ADB is providing financial support of nearly $4.5 million to help conserve one of the world’s most critical but threatened forest areas in the Indonesian portion of the island of Borneo.

ADB is lending $150 million towards a $500 million project that will build a hydropower plant with a 140-megawatt capacity.

Tonga is taking crucial steps to mainstream climate resilience into development planning in collaboration with ADB.

ADB and Government of Australia are providing an extra $37 million for a project improving roads and tackling HIV and human trafficking risks along a key coastal route linking Viet Nam and Cambodia.

ADB is providing $55 million concessional lending to help Mongolia improve its health sector with a new hospital, and safer blood transfusions and hospital services.

ADB and the Government today signed an agreement to help Mongolia address rising inequality among its people.