News Releases

Latest News Releases

ADB has approved a $500,000 technical assistance grant to support the flagship fellowship program run by the non-governmental organization Teach for the Philippines (TFP), under which 120 young Filipinos will be recruited as teaching fellows and trained in modern IT-based teaching methods.

Thousands of villagers from Enga Province in Papua New Guinea (PNG) celebrated the completion of their financial education training in a mass graduation ceremony today—marking another milestone for a Microfinance Expansion Project supported by ADB and Australia.

ADB is providing grant assistance of $22 million to help the Government of the Kyrgyz Republic address major gaps in the quality and relevance of the country’s education system, which are undermining its drive for better living standards and a more competitive economy.

ADB is extending a $30 million loan for a nationwide program to raise the quality of technical and vocational education and training in Cambodia leading to more job opportunities for women and the poor. 

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 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.