News Releases

Latest News Releases

Non-oil GDP growth forecasts for Timor-Leste for 2014 and 2015 have been trimmed to 8% from an earlier projection of 8.5% as private sector credit growth stalled in the first quarter, says the ADB's new issue of Pacific Economic Monitor launched today. 

While its economy enjoys robust economic growth, Papua New Guinea will face challenges in continuing to generate formal job opportunities for a rapidly growing work force, according to the ADB's new issue of the Pacific Economic Monitor, launched today.

ADB is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises, and to a financing company to support the nascent leasing sector in Mongolia. 

A Rs.100 million equity investment from ADB will enable Hippocampus Learning Centers (HLC) to expand its preschool programs to over 700 villages in Karnataka by 2016.

ADB is helping Mongolia’s micro-, small- and medium-sized enterprises (MSME) get better access to bank financing from one of its biggest banks, through a $40 million loan approved today.

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.

ADB Vice-President Lakshmi Venkatachalam today arrived in New Zealand for a four-country visit to the Pacific region, where she will meet with senior government officials for discussions on ADB’s support. 

ADB and the Government of India today signed an agreement for $400 million first tranche loan under the Accelerating Infrastructure Investment Facility in India to support the government’s efforts to accelerate infrastructure growth through increased private sector investment.

ADB has approved $700 million in loans to support the Indian government’s efforts to accelerate investment in the infrastructure that the country urgently needs to ensure strong economic growth.

Up to 6,000 farmers in Gujarat, India could attain higher revenues from their crops with the construction of cold storage facilities for fruits and vegetables by Champion Agro using $18.4 million in funding from ADB.