ADB this afternoon launched its debut renminbi-denominated ("Panda") bonds in the domestic capital market of the People's Republic of China (PRC). The issue will have a principal amount of CNY1 billion, a bullet maturity...
ADB President Haruhiko Kuroda today expressed his deep sympathy to the South Asian countries most affected by the devastating earthquake that struck on Saturday morning and said his organization stands ready to offer assistance, including $10 million in immediate funds for the worst affected areas of Pakistan.
ADB has approved the third subprogram loan of US$10 million under a Financial Sector Program for Cambodia. The Financial Sector Program comprises three subprograms of US$10 million each. The first subprogram was approved in November 2001, and the second in November 2002.
ADB will support the development of small and medium enterprises (SMEs) in the Philippines through an assistance package approved comprising a US$25 million loan, a partial credit guarantee facility of about $18.4 million, and an equity investment of up to $1 million.
Agriculture, development of basic social services, and private sector development are among the priority sectors for the Lao People's Democratic Republic in ADB's Country Strategy and Program (CSP) update endorsed by its Board of Directors.
Effective decentralization of services through local governments is key to responding to public needs and delivering services, such as health and local infrastructure, says a new report from ADB and the World Bank.