Emerging risks and destabilizers as diverse as widening income inequality, slower growth, and climate change are reshaping Asia’s economic landscape so rapidly that governments must build far greater resilience into their plans.
The Asian Development Bank (ADB) met the bulk of its operational targets in 2015, with most projects completed within budget, while financing hit new record highs over the year, said an ADB performance review released today.
FRANKFURT, GERMANY – Creating quality jobs, developing the private sector, and combating climate change are critical for a vibrant and sustainable region, Asian Development Bank (ADB) President Takehiko Nakao said here today in the opening address at the 49th Annual Meeting of ADB’s Board of Governors. He also said that Asia-Pacific’s long-term outlook is “strong”, despite a slowdown in some economies this year.
The Asian Development Bank (ADB) leveraged a record $10.74 billion in cofinancing in 2015. The cofinancing figure includes $6.17 billion to support 69 investment projects and 85 technical assistance projects.
In their “Frankfurt Declaration”, the ADB and Germany's BMZ agreed to join forces for progress on climate action and technical and vocational education and training (TVET).
The Asian Development Bank (ADB) and CNBC today presented best transaction awards for 2015 to Credo LLC, a microfinance organization based in the Republic of Georgia, and Mountain Hazelnuts, an agribusiness company from Bhutan.
ADB President Takehiko Nakao and AIIB President Liqun Jin signed a memorandum of understanding (MOU) here today on the sidelines of ADB’s 49th Annual Meeting of the Board of Governors.
The Asian Development Bank (ADB) and the Government of Nauru signed agreements today to provide a combined $3.8 million in grants to help Nauru strengthen its fiscal sustainability.
Thirty-two donors today agreed to the 11th replenishment of the Asian Development Fund (ADF 12) for the 4-year period from 2017 to 2020. ADF finances grant operations in its poorest and most debt-distressed member countries.
Senior government officials, business leaders, journalists, academics, and representatives from civil society and development organizations started arriving today for the ADB's 49th Annual Meeting of its Board of Governors.