News Releases

The Government of Myanmar, alongside ADB and the Government of Norway, today unveiled a Tourism Master Plan which outlines 38 development projects valued at nearly a half billion dollars that will help increase Myanmar’s tourism competitiveness, protect environmentally important areas, and safeguard ethnic communities.

Public services in developing Asia’s are frequently failing to reach the needy, says a new ADB study which recommends improvements to avoid a further widening of the region’s already sharp divide between rich and poor.

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.

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.

Disaster losses have risen faster than Asia-Pacific’s economy has expanded, says a new report from ADB, which recommends regional governments find ways to offer disaster risk financing instruments such as calamity funds, tax credits, and catastrophe bonds to strengthen disaster resilience.

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.

Joint Statement by Haruhiko Kuroda, President, Asian Development Bank, and Guy Ryder, Director- General, International Labour Organization.

Asia and the Pacific must overcome skills gaps and scale up technical training to create innovative economies able to generate sustainable, inclusive growth, says a new book by ADB.

Ministers from the Greater Mekong Subregion will review progress on the Regional Investment Framework to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China.

International experts on flood management, Philippine government officials, donors, and civil society organizations gathered at ADB for a two-day forum on flood risk reduction in an effort to identify ways of strengthening disaster risk management, while improving the country’s prevention, preparedness, response and recovery from floods.