Asian Development Bank - Latest News [Page 1]

ADB Expands Presence in the Solomon Islands

Sunday, 26 February 2017, 8:17 pm | Asian Development Bank

ADB Expands Presence in the Solomon Islands HONIARA, SOLOMON ISLANDS (24 February 2017) — The Prime Minister of Solomon Islands Manasseh Sogavarejoined the Director General of the Asian Development Bank’s (ADB) Pacific Department Xianbin Yao today ... More >>

ADB Unveils New Pacific Strategy

Thursday, 1 September 2016, 1:55 pm | Asian Development Bank

MANILA, PHILIPPINES (1 September 2016) – The Asian Development Bank’s (ADB) new 5-year strategic framework for the 11 smallest Pacific countries focusses on reducing the high costs of business and services; better managing economic, financial, ... More >>

Tonga: Funds to Cut Diesel, Boost Solar in Outer Islands

Thursday, 22 October 2015, 5:21 pm | Asian Development Bank

NUKU’ALOFA, TONGA (22 October, 2015) – The Asian Development Bank (ADB) and development partners are extending assistance of nearly $5.8 million to help Tonga scale up the existing Outer Island Renewable Energy Project aimed at cutting reliance ... More >>

Overcoming Skill Shortages Provides a Major Boost to Growth

Tuesday, 20 October 2015, 5:32 pm | Asian Development Bank

HONG KONG, CHINA (20 October 2015) — Improving the quality of education, as defined by higher cognitive abilities, can reap huge dividends for economic growth in developing Asia in coming decades, says a new Asian Development Bank (ADB) report. More >>

Asia's SMEs Need Growth Capital to Become more Competitive

Monday, 7 September 2015, 2:00 pm | Asian Development Bank

Asia’s small- and medium-sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies. This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says ... More >>

Banks Provided $28 Billion in Climate Finance

Thursday, 18 June 2015, 4:13 pm | Asian Development Bank

MANILA, PHILIPPINES (18 June 2015) — The world’s six large multilateral development banks (MDBs) delivered over $28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate ... More >>

Australia Increases Funding for ADB Private Sector

Wednesday, 17 June 2015, 9:30 pm | Asian Development Bank

SYDNEY, AUSTRALIA (16 June 2015) – The Government of Australia has agreed to provide an additional $8 million to an Asian Development Bank (ADB) initiative to support private sector development in Papua New Guinea (PNG), ADB announced today. More >>

ADB President Offers Sympathy to the People of Nepal

Tuesday, 28 April 2015, 10:05 am | Asian Development Bank

MANILA, PHILIPPINES – Asian Development Bank (ADB) President Takehiko Nakao has offered his deepest condolences to the Government and people of Nepal for the tragic loss of lives caused by the earthquake which hit the country on April 25. More >>

Interisland shipping support project gets funding boost

Wednesday, 15 April 2015, 12:11 pm | Asian Development Bank

PORT VILA, VANUATU (13 APRIL, 2015) — The Asian Development Bank (ADB), with the Governments of New Zealand and Vanuatu, have provided additional financing of $18.48 million, $4.65 million, and $1.607 million respectively to the Vanuatu Interisland ... More >>

Pacific Insurance Regulators Develop Action Plans

Saturday, 28 March 2015, 11:17 am | Asian Development Bank

SYDNEY, AUSTRALIA (27 March 2015) — Pacific Island insurance regulators have developed regional and individual country action plans to improve supervision of insurance and reinsurance regulatory regimes in the Pacific region. More >>

ADB Provides $1 Million Grant for Vanuatu

Wednesday, 25 March 2015, 10:19 pm | Asian Development Bank

PORT VILA, VANUATU (25 March 2015) – The Asian Development Bank (ADB) is providing a $1 million emergency grant, as part of a broader $5 million assistance package to the Government of Vanuatu in the wake of Tropical Cyclone Pam. More >>

Asian Development Bank to review Sarawak Energy loan

Saturday, 21 March 2015, 11:39 am | Asian Development Bank

Malaysian NGOs score victory in visit to ADB headquarters in Manila - Proposed loan to power supplier Sarawak Energy delayed in order to undergo enhanced due diligence More >>

ADB to Help Cook Islands Generate Solar Power

Monday, 24 November 2014, 2:07 pm | Asian Development Bank

The Cook Islands’ dependence on fossil fuels will be reduced under a project to build solar-powered plants on six of its islands, funded by the Asian Development Bank (ADB), the European Union (EU), and the Government of Cook Islands. More >>

Construction Begins on Susubona Wharf in Santa Isabel

Monday, 13 October 2014, 12:26 pm | Asian Development Bank

Work has begun to upgrade and rehabilitate Susubona Wharf on the southern shore of Santa Isabel. The Government of New Zealand is providing additional finance to upgrade the wharf which will involve the demolition of the existing wharf head and causeway ... More >>

Greater Employment Challenges Loom in the Pacific

Thursday, 3 July 2014, 1:29 pm | Asian Development Bank

MANILA, PHILIPPINES (3 July 2014) – Economies across the Pacific region will face rising challenges in generating needed jobs for their rapidly growing working-age populations in coming years, according to the Asian Development Bank’s (ADB) latest ... More >>

$2 Million ADB grant from Japan to boost trade in Pacific

Thursday, 3 July 2014, 10:20 am | Asian Development Bank

MANILA, PHILIPPINES– The Asian Development Bank (ADB) will help identify and ease constraints on international trade in the Pacific through a $2 million technical assistance grant from the Japan Fund for Poverty Reduction, financed by the Government ... More >>

Rising Fiscal Challenges In The Pacific In 2014 ADB

Monday, 2 December 2013, 2:42 pm | Asian Development Bank

WELLINGTON, NEW ZEALAND (2 December 2013) – Fiscal pressures are expected to increase in the Pacific in 2014, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor , launched today at the offices of the New Zealand ... More >>

A New State-owned Enterprise Policy for Vanuatu

Friday, 1 November 2013, 11:58 am | Asian Development Bank

PORT VILA, VANUATU – The Asian Development Bank (ADB) welcomes the approval of the state owned enterprises (SOE) policy by the Vanuatu Council of Ministers. ADB supported drafting of the policy, which was prepared following extensive government ... More >>

Pacific Fuel Demand is High But Alternatives Are in Sight

Monday, 14 October 2013, 7:39 pm | Asian Development Bank

MANILA, PHILIPPINES (14 October 2013) – The Pacific region’s primary energy demand is projected to more than double from 3.6 million tons of oil equivalent in 2010 to 8.8 tons of oil equivalent in 2035 at an annual rate of 3.7%, the Asian Development ... More >>

ADB to Help Roll Out Energy Savings in Samoa

Tuesday, 10 September 2013, 1:44 pm | Asian Development Bank

Replacing inefficient streetlights and installing energy efficient lamps and air conditioners in government buildings and some hotels are just some of the energy efficiency initiatives planned for Samoa as part of the Promoting Energy Efficiency ... More >>