News Releases

The future prosperity of the Asia-Pacific region is threatened by a deepening divide between rich and poor, according to the latest issue of Development Asia magazine, which examines in a series of articles the causes and consequences of rising inequality, and options for governments to close income gaps.

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 will open an office in the South Asian nation of Bhutan in early 2013 to more efficiently manage a growing portfolio focusing on transport, energy and urban development.

ADB and Viet Nam have agreed on a new four year country partnership strategy that will focus on promoting inclusive and sustainable growth, and economic efficiency.

As Asia's population ages, developing countries in the region should explore social pensions that provide cash benefits to vulnerable older citizens who are most in need of a safety net, according to a new publication from the ADB.

Six major multilateral development banks have committed to significantly expanding their investment in sustainable development – which currently totals $93 billion annually – in support of global development priorities that are expected to be agreed upon at this week’s Rio+20 meeting.

A delegation from ADB has joined discussions at the United Nations Conference on Sustainable Development, otherwise known as Rio+20, to help shape the path toward green, inclusive growth.

ADB and the People's Republic of China have agreed on a new country partnership strategy that will focus on innovative projects where ADB can play a catalytic role in addressing poverty, rising income inequality, and widening regional disparities, and in promoting a less carbon-intensive economy.

Asian and Pacific governments must find ways to reduce food waste and storage losses, encourage rural development, and provide well-targeted safety nets to protect the poor from hunger, says a new report presented today at the 45th Annual Meeting of the Board of Governors of ADB.

Growth in the Asia and Pacific region is strong, but growth alone is not enough for the region to succeed in an era of global change, ADB President Haruhiko Kuroda said in his annual address to the ADB Board of Governors.