News Releases

Latest News Releases


ADB President Takehiko Nakao and Pakistan Prime Minister Nawaz Sharif on 17 September met in Islamabad to discuss ADB’s partnership and major development challenges. Mr. Nakao appreciated government’s efforts to put Pakistan's economy on a sustainable growth path and encouraged continued reforms to boost development, promote regional integration, and reduce poverty.

ADB President Takehiko Nakao met with India’s Prime Minister Narendra Modi and Finance Minister Arun Jaitley and stressed that ADB is committed to partnering with India in reigniting growth and reducing poverty. ADB will help India accelerate infrastructure development, boost manufacturing, improve the skills of young people to enhance their employability, expand trade through regional cooperation, and promote private sector activities.

Poverty will remain a critical challenge for Asia and the Pacific in the coming decades, requiring a greater focus on efforts to address food insecurity and economic vulnerability, says a new ADB report.

ADB has received a US Department of Treasury award for a pioneering rail project in Afghanistan that is providing a cross-border trade link crucial to the country’s post-conflict economy.

PNG’s Nationwide Microbank and ADB's Pacific Private Sector Development Initiative have agreed to join forces to assist women in two small fishing villages to gain entrepreneurial skills and take their produce to market.

ADB has approved a $125 million loan to improve services and governance in pourashavas—or municipalities— across Bangladesh, making them more livable and attractive, and helping to ease population pressures in major cities.

ADB will support watershed financing and promote inclusive and environmentally friendly development in Guizhou Province of the People’s Republic of China, under a memorandum of understanding signed at a sub-forum of the Eco-Forum Global Guiyang 2014.

Three grant projects to improve the lives and health of poor and vulnerable communities in Myanmar are set for rapid implementation following the recent signing of financing agreements between the Ministry of Finance and the ADB. The grant projects, totaling a combined $26 million, are being financed by the Japan Fund for Poverty Reduction and administered by ADB.

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. 

The 9th Asia Clean Energy Forum today saw the launch of a Sustainable Energy for All hub for Asia Pacific, aimed at mobilizing investment and finding innovative ways to bring clean, modern energy to the people of Asia and the Pacific.