News Releases

The Republic of Korea today became the first Asian country to join the ADB's Future Carbon Fund with a $20 million commitment to acquire post-2012 carbon credits.

A partnership of government and international development agencies today announced a $24 million grant package which aims to improve access to markets, health and education services among rural and urban households in Solomon Islands through an expansion of the Solomon Islands Road Improvement Project.

ADB President Haruhiko Kuroda and the Inter-American Development Bank President Luis-Alberto Moreno signed a partnership agreement today in Tokyo that will see their two institutions work more closely in areas ranging from trade facilitation and regional cooperation to climate change.

ADB has announced a new video competition - My View: The Asia-Pacific Climate Change Video Contest - to promote awareness of climate change, stimulate debate, and encourage climate change solutions in the lead-up to the 2009 United Nations Climate Change Conference in Copenhagen.

ADB and the World Wide Fund for Nature are seeking to strengthen their partnership toward the sustainable management of natural resources in the Asia and Pacific region.

A people-focused strategy that promotes accessibility instead of mobility is key to reducing the traffic congestion that now paralyzes many Asian cities, according to a new ADB book.

Television and radio broadcasters from across the Asia-Pacific region have pledged to step up their role in the fight against climate change.

Climate change poses fundamental threats to Asia's food and energy security which, if left unchecked, will result in an upsurge of migration into already overburdened mega cities, according to three major new studies funded by ADB.

Around 2,000 poor households in Manila's Tondo district have received free energy-saving compact fluorescent lamps in exchange for their incandescent bulbs, marking the start of a nationwide campaign to save on fuel costs and mitigate climate change.

ADB's current five-year strategy for Lao People's Democratic Republic remains relevant but more work is needed to respond to challenges posed by the country's rapid economic growth, climate change and human resource and capacity constraints, a midterm review said.