News Releases

Asia's long-term objective should be monetary union with a single currency, ADB President Haruhiko Kuroda said in a lecture in Manila today.

ADB will help provide safe drinking water to more than 1 million people living around the Tonle Sap river basin in Cambodia, through a grant approved for US$18 million.

A joint team from ADB and World Bank will begin an assessment of the needs and reconstruction costs following the 7.6 magnitude earthquake that devastated parts of Pakistan on October 8.

ADB is planning $58 million in grant projects to help stem the growing avian influenza threat in Asia and the Pacific before it grows into a human pandemic that costs the region millions of lives and tens of billions of dollars.

ADB has approved a US$1 million technical assistance (TA) grant to support the Philippine Government's Health Sector Reform Agenda (HSRA).

ADB will support the Mongolian Government in promoting higher private sector-led growth and inclusive social development, in a new Country Strategy and Program (CSP) for 2006-2008.

Some $33 million in concessional funds are earmarked for Papua New Guinea over the next two years, under ADB's Country Strategy and Program (CSP) update.

ADB has approved a US$2 million grant from its Japan Fund for Poverty Reduction (JFPR), financed by the Government of Japan, to help connect tsunami-affected poor households in Sri Lanka to electricity and water supplies.

A new thrust toward private sector operations will be at the forefront of ADB's operations in Kazakhstan in 2006-2008, according to ADB's Country Strategy and Program Update.

ADB has approved a US$2 million grant from its Japan Fund for Poverty Reduction (JFPR), financed by the Government of Japan, to help restore income-generating opportunities to poor people in Sri Lanka affected by the December 26 tsunami disaster.