News Releases

ADB toughened measures to battle fraud and corruption in 2012, as complaints reached a new annual high.

Disaster losses have risen faster than Asia-Pacific’s economy has expanded, says a new report from ADB, which recommends regional governments find ways to offer disaster risk financing instruments such as calamity funds, tax credits, and catastrophe bonds to strengthen disaster resilience.

ADB is resuming operations in Myanmar, with an assistance package for social and economic development that is designed to build a solid foundation for further reforms to alleviate poverty and foster growth.

ADB is providing $48 million to help goods move more smoothly in and out of Bangladesh, Bhutan, and Nepal, by overhauling time-consuming, costly, and often opaque customs procedures that are inhibiting intraregional trade.

ADB today approved a $400 million loan that will help the state of West Bengal in India break a cycle of debt and development spending cuts.

Policy makers in the People’s Republic of China need to initiate comprehensive fiscal, economic, and legal measures to achieve ambitious targets for reducing pollution, ADB says in a new country environmental report.

ADB and the Government of Solomon Islands have agreed to a new five-year strategy to reduce poverty and promote inclusive growth through improvements in transport, information and communications technology, renewable energy, and public sector management.

Some 225 allegations of corruption or integrity violations were submitted to ADB last year, leading to 34 individuals and 31 firms being debarred from doing business with the organization, a new report shows.

The President of ADB today met with the Philippines’ President Benigno S. Aquino III and Finance Secretary Cesar Purisima as part of preparations for the organization’s 45th Annual Meeting, which takes place 2-5 May in Manila.

The Asia-Pacific region has made great strides in reducing poverty and is moving fast towards other development goals, but levels of hunger and child and maternal mortality are still high, according to a United Nations and ADB report released here today.