News Releases

Over one hundred countries, from the wealthiest to the poorest, as well as development institutions have committed to a practical blueprint to provide aid in more streamlined ways that better meet the needs of developing countries. They also agreed to improve accountability by monitoring the blueprint's implementation.

ADB and the Organisation for Economic Co-operation and Development (OECD) today signed a letter of intent to provide a framework for their cooperation in areas of mutual interest, and to enhance their opportunities for collaboration.

ADB will help improve and expand financial services to the rural poor in underdeveloped areas of Guizhou and the Inner Mongolia Autonomous Region (IMAR) in the People's Republic of China (PRC), through a technical assistance (TA) grant approved for US$1 million.

ADB has approved a technical assistance grant of US$375,000 to help develop a comprehensive plan to improve access to and upgrade the quality of education in the poverty-stricken Autonomous Region in Muslim Mindanao, Philippines.

ADB has approved the reallocation of US$7 million from a Rural Finance Sector Development Project in Sri Lanka to provide emergency microcredit to tsunami-affected people in the country.

ADB has approved a US$1 million grant, from its Japan Fund for Poverty Reduction, financed by the Government of Japan, to help improve the livelihoods of poor households in the Chui and Osh regions of the Kyrgyz Republic.

The Government of Sweden today signed an agreement to set up a multidonor trust fund at ADB to assist Asia and Pacific's developing countries in their fight against HIV/AIDS, with an initial contribution of $14.3 million.

ADB and the Joint United Nations Programme on HIV/AIDS (UNAIDS) signed a memorandum of understanding (MOU) yesterday to strengthen the AIDS response in Asia and the Pacific.

ADB's new five-year strategy to help reduce poverty in Cambodia, endorsed by its Board of Directors, emphasizes broad-based inclusive growth, governance and institution building, and incorporates a specific focus on Tonle Sap and on supporting subregional efforts within the Greater Mekong Subregion.

HIV/AIDS poses one of the greatest challenges of our time, Joint United Nations Programme on HIV/AIDS (UNAIDS) Executive Director told ADB personnel and press at ADB Headquarters today.