Safeguards due diligence reports are prepared as part of safeguard due diligence and review to ensure compliance with ADB safeguard policy due diligence requirements.
This document dated August 2022 is provided for the ADB project 49308-002 in the People's Republic of China.
Annual audited project financial statements for sovereign operations provide project financial information prepared in accordance with generally accepted accounting principles and audited by an independent certified public accountant.
This document dated 25 July 2022 is provided for the ADB project 49308-002 in the People's Republic of China.
Environmental monitoring reports describe the environmental issues or mitigation measures of a project.
This document dated March 2022 is provided for the ADB project 49308-002 in the People's Republic of China.
Environmental monitoring reports describe the environmental issues or mitigation measures of a project.
This document dated December 2019 is provided for the ADB project 49308-002 in the People's Republic of China.
Social monitoring reports provide the status of social issues or mitigation measures related to project implementation.
This document dated December 2021 is provided for the ADB project 49308-002 in the People's Republic of China.
EAST NEW BRITAIN PROVINCE, PAPUA NEW GUINEA – More than 2,000 villagers from East New Britain, West New Britain and New Ireland provinces celebrated the completion of their financial education training at a graduation ceremony today at Rabaul (Vunapope) Catholic Hall. The training is part of the Microfinance Expansion Project, supported by the Asian Development Bank (ADB) and the Governments of Australia and Papua New Guinea.
The Deputy Governor of the Bank of Papua New Guinea, Benny Popoitai, presented the 2,100 graduates with their certificates at the ceremony, which was attended by national and provincial government representatives and project steering committee members.
“Financial education and access to financial services changes peoples’ lives giving them opportunities to plan for a better future,” said Mr. Popoitai. “It remains a challenge to provide this service to all citizens of Papua New Guinea so they can contribute to the economic development of the country.”
The project targets financial education for 130,000 people across PNG by the end of 2018. Today’s graduates included 1,122 women. The project, which was launched in April 2012, aims to increase financial inclusion in PNG.
“The Microfinance Expansion Project has enabled rural villagers to understand the fundamentals of finance and open bank accounts for the first time,” said Sabine Spohn, ADB project team leader. “The project has now reached 80,000 people, many of whom are women.”
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. In 2014, ADB assistance totaled $USD22.9 billion, including cofinancing of $USD9.2 billion.
ADB Signs $44.2 Million Blue Loan with ALBA to Reduce Ocean Plastic Waste in Indonesia
JAKARTA, INDONESIA (6 June 2023) — The Asian Development Bank (ADB) signed a $44.2 million blue loan with PT ALBA Tridi Plastics Recycling Indonesia, an ALBA Group Asia company, to establish a polyethylene terephthalate (PET) recycling facility in Central Java.
ADB and the Leading Asia's Private Infrastructure Fund (LEAP) will each provide $22.1 million in funding for the project. Blue loans are financing instruments that aim to safeguard access to clean water, protect underwater environments, and invest in a sustainable water economy.
ADB Records $11.4 Billion in Cofinancing, Focused on Resilience Against Economic Shocks
The financing partners of the Asian Development Bank (ADB) committed $11.4 billion in cofinancing of ADB projects in 2022 to help build the resilience of developing member countries and enable them to withstand economic shocks, according to the Partnership Report 2022: Driving Growth, Boosting Resilience.
ADB Helps Launch Vocational Education Project in PNG
ADB and the governments of Australia and Papua New Guinea today launched a cofinanced project to improve the country’s technical and vocational education and training program.
ADB to Focus on Robust, Climate-Resilient, and Inclusive Growth in India
ADB has launched a new country partnership strategy for India with a focus on deepening its engagement with the country and supporting India’s drive for robust, climate-resilient, and inclusive growth.
Madrasah are known to receive insufficient funding to carry out quality education, and in the case of private madrasah, are significantly under-funded in comparison with state schools.
Education and skills are central to Indonesia’s growth prospects in the next decade. It now has the opportunity to capitalise on the substantial progress that has been made in expanding access to education.
Consultant’s reports describe activities by a consultant or group of consultants related to preparing a technical assistance project.
This document dated July 2014 is provided for the ADB project 45181-001 in Bangladesh.
Rising costs in higher education are outstripping the capacity of students to pay for fees and of states to fund the sector, raising questions about how to make it more inclusive in the future. Here's a by-the-numbers look at some of the issues leading to rising higher education costs in the Asia and Pacific region.
12-fold increase in the number of Asian students enrolled in higher education, which rose from 3.9 million in 1970 to 46.7 million in 2007. Southeast and East Asia now have 31% of global enrollments, the largest share globally.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
450% increase of income from sources other than state subsidies in Thailand's public universities following the decline of state support after the regional currency crisis of the late 1990s.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
3.3% of Indonesia's higher education students stem from the lowest 20% of income groups, whereas 30.9% come from the highest quintile.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
1.7 million Vietnamese students had availed themselves of student loans by 2009, with no reported cases of dropout on financial grounds.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
4 times higher income level. The monthly wage of an individual with a degree in Thailand is four times that of someone who has completed only primary schooling and more than double that of an individual who has completed the secondary level of education.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
$5.1 billion spent by the People's Republic of China in 2004 to send its students to study in five leading countries - Australia, Canada, New Zealand, UK and US. In the same year, India is estimated to have spent close to $4 billion to support its students studying abroad.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
500% planned increase in spending on higher and technical education in India in its current 5-year plan.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
240,000 international students enrolled in the People's Republic of China, an almost six-fold increase over 1998, and around 40 times more than in 1988, when a mere 5,835 international students were enrolled in its universities.
Source: Counting the Cost - Financing Asian Higher Education for Inclusive Growth
Q&A: Narrowing the Development Gap: Follow-Up Monitor of the ASEAN Framework for Equitable Economic Development
A new ADB report finds that the path to recovery has proven uneven and diverse, yielding development gaps among member countries of ASEAN.
SEADS 2023: Call for Accelerated Climate Action Towards a Net-Zero ASEAN
SEADS 2023 amplified the urgent call for climate action to ensure Southeast Asia’s carbon neutrality by 2050, and highlighted the importance of partnerships to accelerate climate financing and decarbonization.
Ties That Bind: BIMP-EAGA and IMT-GT Are Vital Building Blocks for ASEAN
At their respective leaders’ summits in Indonesia, both subregional programs demonstrated their ongoing contribution to regional economic resilience, with key support from ADB and other development partners.
Seven Funding Innovations to Boost Climate Finance
Devastating floods, deadly heatwaves, and intense droughts in Asia and the Pacific over the past year confirm what scientists have been warning for years: the impacts of climate change are here and they’re getting worse.
