News Releases

The ASEAN Infrastructure Fund Limited is set to begin its lending operations in the second half of 2013, with a pipeline of around $1 billion in projects for the next three years.

Emerging East Asia’s local currency bond markets continued to expand in 2012, signaling ongoing investor interest in the region’s fast-growing economies but also raising the risk of asset price bubbles, said ADB's latest Asia Bond Monitor.

Developing Asia has become increasingly integrated over the past decade, led by growing trade and tourism and, most recently, as the region faced down the global financial crisis and subsequent eurozone crisis, according to a new integration index published in ADB's latest Asian Economic Integration Monitor.

ADB reconfirms its commitment to Myanmar’s development, ADB President Haruhiko Kuroda said today in a meeting with Myanmar President U Thein Sein.

The next phase of Greater Mekong Subregion investments should expand the program into new areas such as multisector investments towards urban development, connecting remote areas with growth centers, and extending existing corridors into Myanmar, ministers attending the 18th GMS Ministerial Conference in Nanning, People’s Republic of China said today in a joint statement.

Ministers of the 10 Central Asia Regional Economic Cooperation Program nations have agreed on a plan to implement more than $23 billion in new regional transport infrastructure projects, together with energy and trade initiatives, aimed at creating seamless connectivity and greater prosperity in the region.

Ministers from 10 nations spanning the Caucasus, Central, East, and South Asia will gather here on 29-31 October to discuss concrete ways to boost connectivity and cooperation in their region through to 2020.

The six member countries of the Greater Mekong Subregion celebrate 20 years of economic cooperation today, with the once conflict-ridden area now an Asian showcase for growth, poverty reduction, and regional integration.

For the first time, buses and trucks will be able to cross overland between the rugged southern regions of the People’s Republic of China and the remote northern regions of Viet Nam using a 1,300 kilometer route spanning from Ha Noi to Shenzhen made possible through a road transport agreement between the two countries.

Greater integration brings benefits but also potentially huge risks, meaning Asian governments must work together to put in place policies and structures to ensure the region minimizes those risks and reaps the benefits, the ADB said in its new Asian Economic Integration Monitor.