News Releases

Latest News Releases


Bhutan's strong growth over the past 30 years has set it on the path to becoming an upper-middle-income economy by 2020, but the small, land-locked nation needs to broaden its growth sources if it is to reach that national goal, says a new ADB country study. 

Decent jobs, liveable cities, and protection against disasters should become part of a new global blueprint for development that could aim to end poverty by 2030, says a new report co-authored by ADB.

Industrialization must be an essential part of the growth formula if Asian countries want to prosper and avoid the middle income trap, says a new ADB report.

Despite Asia’s rapid growth, vast sections of its population still live in poverty and suffer hunger and other forms of deprivation, which could threaten the sustainability of the region’s growth and its integration, says a new study by ADB and the National University of Singapore.

The leaders of seven multilateral organizations today issued a joint appeal for global support of a report issued by a UN high level panel that calls for ending extreme poverty and promoting sustainable development.

Asia and the Pacific face a daunting unfinished development agenda when the Millennium Development Goals expire in 2015. The focus in this fast growing region should be on the glaring gaps in its MDG achievements: eradicating extreme poverty and making better progress on human development, especially reducing infant deaths and improving maternal health.

Growth in Asia and the Pacific has been more robust than expected after the global crisis, and must be sustained for the region to reduce poverty and increase prosperity, ADB President Takehiko Nakao said in his first address to the ADB Board of Governors.

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.

The Government of Cambodia and ADB today signed grant and loan agreements worth $230 million to reduce poverty and promote inclusive growth in Cambodia.