News Releases

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ADB has approved a $70 million grant for a project to magnify regional economic cooperation and inclusive growth in Tajikistan by improving key roads, enhancing road safety and maintenance, and promoting local community development.

The Kyrgyz Republic and ADB have agreed on a new Country Partnership Strategy for 2013 – 2017 to reduce poverty and advance inclusive economic growth. 

Ministers and senior government officials from the six Greater Mekong Subregion (GMS) countries met today to discuss multi-billion dollar projects and activities that will be pursued under the Regional Investment Framework (RIF) as the means of widening and deepening economic corridors.

ADB will lend $410 million to Viet Nam to build sections of a second arterial highway connecting Ho Chi Minh City to the Mekong Delta and southern coastal regions.

ADB is to help upgrade key sections of Nepal’s East West Highway to allow year-round travel along the country’s main transport route.

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation Program met on 27-28 June in Almaty to review the implementation of the program aimed to develop regional transport networks, boost regional trade, and secure an efficient, reliable energy supply.

Better connectivity between South Asia and Southeast Asia – through hardware and associated software – can unlock the full benefits of closer economic ties between the two subregions and help rebalance Asian growth toward domestic and regional markets, delegates at the 46th Annual Meeting of ADB heard today.

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.

ADB and International Enterprise (IE) Singapore today signed a Letter of Commitment to launch a public-private partnership initiative to catalyze infrastructure development within ASEAN.

Developing Asia must invest in skills, technologies, and the private sector to move beyond low-cost manufacturing and ensure economic growth remains strong, delegates at the Governors’ Seminar at the 46th Annual Meeting of the Board of Governors of ADB heard today.