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ADB and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.
Asia and Pacific can no longer pursue growth at any cost without embracing better governance to build economies that are socially inclusive and environmentally sustainable, according to ADB's Independent Evaluation Department.
ADB has signed a public-private partnership (PPP) co-advisory agreement with eight global commercial banks, a move aimed at accelerating the flow of private funds into critical infrastructure projects in developing Asia.
The governments of Japan, Canada and Australia are providing a total of $64 million for an ADB facility to help developing Asia and the Pacific prepare, structure, and place public-private partnership (PPP) projects in the market.
ADB President Takehiko Nakao said today, in his opening address to the 48th Annual Meeting of the ADB Board of Governors, ADB will become stronger, better and faster.
ADB hosted a Partnership Forum for Nepal today during its 48th Annual Meeting to affirm international support for the country, following the devastating 25 April earthquake.
ADB today welcomed the first planned pilot issue of a cross-border bond under an ASEAN+3 multicurrency bond issuance framework initiative. It also hailed a new report providing a roadmap for a regional bond settlement system.
President Takehiko Nakao leads the panelists of the Governors' Seminar of ADB's 48th Annual Meeting in Baku, Azerbaijan. The seminar's theme was "Rethinking Growth Potential and Growth Models".
ADB saw a rise in success rates and outcomes achieved in its operations in 2014, with most completed on budget, said an ADB performance review released today.
ADB has approved financings of up to $120 million to help three leading private sector financial institutions in Azerbaijan - AccessBank Azerbaijan, Finca Azerbaijan, and DemirBank .