News Releases

Latest News Releases


The Government of Timor-Leste, ADB and vocational training centers-Don Bosco Comoro, Dili Institute of Technology Baucau, SENAI Becora, and CNEFP Tibar will join forces today to support a series of demonstrations of skills gained by trainees who have participated in the Timor-Leste Mid-Level Skills Training Project.

A new Creative Productivity Index developed by ADB and Economist Intelligence Unit ranks Japan and the Republic of Korea as countries most efficient in the Asia and Pacific region at turning creative inputs into tangible innovation. Myanmar, Pakistan, and Cambodia, by contrast, are ranked as the least efficient innovators.

India, with its youthful population and thriving information and communication technology industry, can become a leading knowledge-driven economy as long as regulatory, education, and infrastructure barriers are overcome, says a new report from ADB. 

Indonesia is projected to be the world’s 7th largest economy by 2030, but sustaining recent dramatic gains will require a transformation of its current growth model, with much more focus on high-end technologies, skills, and services, says a new ADB report.

Kazakhstan needs to intensify its push for economic diversification and innovation if it is to achieve its goal of being among the top 30 most developed countries by 2050, says a new ADB report.

The Government of Nepal today opened the Khurkot Bridge over the Sunkoshi River, substantially enhancing connectivity between hilly regions of the country particularly Ramechhap, Dolakha, and Sindhupalchowk districts and  the Terai districts. 

The Government of Kiribati, the University of the South Pacific  and ADB participated in a ground-breaking ceremony today to officially mark the first step toward upgrading the USP’s Tarawa Campus, which will boost students’ access to higher education.

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.

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB President Takehiko Nakao today met with Sri Lanka’s President Mahinda Rajapaksa, as well as several ministers and senior officials, to discuss global, regional and bilateral issues, including challenges and opportunities for the Sri Lankan economy over the short to medium term.