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Asia and the Pacific's economic gains must be matched by stepped-up efforts on governance so that growth benefits can be more evenly shared and development progress locked in, says a new ADB report.

ADB will help the Government of Tonga in its efforts to achieve fiscal stability and improve the country’s long-term growth prospects through a policy-based program grant.

The government of Myanmar will use a $1.2 million Technical Assistance grant from the Japan Fund for Poverty Reduction, administered by ADB, to strengthen institutional, strategic, and technical capacity for collecting better statistics to chart the country’s development and progress.

Consultations began yesterday in Honiara on an updated Customs and Excise Act which will boost trade and lift the economy in the Solomon Islands.

Results of the first-ever ASEAN Corporate Governance Scorecard will be released on 5 June 2013, resulting from the completion of the inaugural assessment of publicly-listed companies using the standardized ASEAN Corporate Governance Scorecard.

Public services in developing Asia’s are frequently failing to reach the needy, says a new ADB study which recommends improvements to avoid a further widening of the region’s already sharp divide between rich and poor.

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 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.

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