Asian Development Bank - Latest News [Page 1]

ADB, UNICEF Support Health Care Workers In Fiji With 22,000 COVID-19 Testing Kits

Tuesday, 2 March 2021, 6:47 am | Asian Development Bank

SUVA, FIJI (1 March 2021) — The United Nations Children’s Fund (UNICEF), together with the Asian Development Bank (ADB), handed over more than 22,000 Cepheid GeneXpert test kits to the Fijian Ministry of Health and Medical Services today as part of ... More >>

ADB, New Zealand Celebrate Milestones For Safe, Resilient Power In Tonga

Thursday, 25 February 2021, 12:23 pm | Asian Development Bank

NUKU’ALOFA, TONGA (25 February 2021) — The Asian Development Bank (ADB) today joined the Government of New Zealand and the Government of Tonga to celebrate the completion of two key areas of a major electricity project providing Tongans with ... More >>

$9 Billion ADB Facility To Help Members Access And Distribute Covid-19 Vaccines

Saturday, 12 December 2020, 6:18 am | Asian Development Bank

The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus ... More >>

ADB Vows To Be Developing Asia’s Partner For Recover From Covid-19

Saturday, 19 September 2020, 6:12 am | Asian Development Bank

The Asian Development Bank (ADB) is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus disease (COVID-19) pandemic, President Masatsugu Asakawa said in an address to ADB’s Board ... More >>

ADB’s Investment For Building Urban Resilience In Pacific To Hit $900 Million

Friday, 17 July 2020, 7:16 pm | Asian Development Bank

Sewerage system construction under the ADB-funded Koror-Airai Sanitation Project in Palau MANILA, PHILIPPINES (17 July 2020) — The Asian Development Bank (ADB) and cofinancing partners’ investment to make Pacific towns and cities more livable ... More >>

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 >>