News Releases

Latest News Releases

Weak governance underlies Asia’s most pressing challenges of income inequality and environmental degradation that threaten the continuation of the region’s strong economic performance, finds a study by Independent Evaluation at the ADB.

ADB has approved a $400 million program loan to help Indonesia improve its investment climate to attract greater foreign and domestic investment, needed for long-term sustainable growth and social development.

Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises, according to a new report by ADB.

ADB has welcomed a new law making it easier to register businesses in the Solomon Islands. ADB provided policy guidance and support in drafting of the legislation which is part of wider reforms to regulatory frameworks for businesses in the Pacific.

ADB and World Bank signed a memorandum of agreement to harmonize their support for the Philippine government’s flagship program to rebuild areas devastated by super-typhoon Yolanda, known internationally as Haiyan. 

ADB will provide a $2 million grant from the Japan Fund for Poverty Reduction, financed by the Government of Japan, to strengthen policies and institutions to enable the Cambodian government to address disaster risks more effectively. 

ADB and New Zealand are helping the Government of Tonga reconstruct and climate and disaster-proof the electricity network and school facilities that were damaged by Cyclone Ian in January 2014.

Vietnamese startups and small- and medium-sized enterprises in clean energy and climate technology sectors are invited to submit their business ideas in a contest organized by the soon-to-be-launched Vietnam Climate Innovation Center.

ADB will provide $81.7 million, including a $6.7 million grant from the Government of Australia, in additional financing to help Cambodia recover from catastrophic floods in late 2013, which  affected 1.7 million people and caused an estimated $356 million in damage.

Almost 70 municipalities in the Philippines ravaged by Typhoon Yolanda will receive fresh support to jumpstart job opportunities and rebuild damaged infrastructure after today’s signing of a $20 million grant between the government of the Philippines and ADB.