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The Latest Breaking News from the Asian Development Bank

Economic growth in the Pacific could slow as energy disruptions spread, ADB warns

Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.

Euronews

Asian Development Bank announces €65bn regional investment plan across Asia

At its annual meeting in Samarkand, the Bank outlined a programme focused on cross-border energy and digital infrastructure.

Euronews

The Asian Infrastructure Investment Bank's first president defends China's role as 'responsible stakeholder' in a less multilateral world

Jin Liqun, the first president of the AIIB, talks international cooperation, infrastructure, and investment in an interview with Fortune.

Fortune

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Heading towards net-zero: Azerbaijani railway operator on the way to green transformation

Baku has set an ambitious national target to reduce greenhouse gas emissions by 35% by 2030 and 40% by 2050.

Euronews

ADB Acting On US Concerns Over China, Bank Chief Tells AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

International Business Times

‘It’s not Chinese assistance’: Australia accuses China of taking undue credit for aid projects in the Pacific

Minister Pat Conroy says Chinese ‘branding’ of multilateral development projects to bolster its influence in the region is a consistent frustration

The Guardian - AU

Economic growth to moderate in the Pacific: report

Fresh economic forecasts for the Pacific show the blue continent can expect moderating growth in the next two years.

AAP

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Multilateral banks are key to financing the fight against global warming. Here is how they work

International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world

The Independent UK

Asia Faces Climate Crisis Impact, Urgent Action Needed

Learn about the Asian Development Bank report highlighting Asia's vulnerability to climate change and the urgent need for increased investment and coordina...

Top News

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The Hindu

Indian tourists’ boycott call post Modi visit to Lakshadweep may impact Maldives | Data

A recent diplomatic row between India and the Maldives, sparked by disparaging remarks made by Maldivian ministers on social media regarding Prime Minister Narendra Modi’s visit to Lakshadweep, led to an uproar on Indian social media. The Maldivian government, distancing itself from the comments, suspended the ministers. Concerns arose about…

The Independent UK

Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

The Asian Development Bank says it approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country’s finance sector

WEKU

Climate funding is in short supply. So some want to rework the financial system

Efforts to boost climate financing have moved beyond national pledges. Now the focus is on overhauling organizations like the World Bank and providing countries debt relief.

The Independent UK

Chinese officials voice faith in economy and keep interest rates steady as forecasts darken

Leading Chinese planners have voiced confidence in the outlook for the world's second-largest economy, holding key interest rates steady amid signs of improvement in some areas such as services

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The Guardian - AU

Albanese government urged to push international banks to stop funding fossil fuel development

Exclusive: Report claims Australia’s shareholdings in development banks has made it responsible for investing $828m in fossil fuel projects over five years

WEKU

Vietnam's human rights record is being scrutinized ahead of $15 billion climate deal

Environmental and human rights groups say Vietnam's crackdown on civil society will undermine an international climate program that's also aimed at boosting the country's economic development.

Bangkok Post

Agencies predict economic uptick

Prime Minister Prayut Chan-o-cha is feeling upbeat regarding Thailand's economic recovery, citing the forecasts of several reputable economic agencies including the Asian Development Bank (ADB) and Japan Center for Economic Research (JCER) that anticipate a rebound in 2023 and 2024.

Bangkok Post

Region told to rev up decarbonisation

Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).

Bangkok Post

ADB gauges 2023 growth rate at 3.3%

Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).

The Independent UK

ADB forecasts China, India to power strong growth in '23

The Asian Development Bank says China's recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year

Reuters

Chinese company wins tender to redevelop Solomon Islands port - official

The Solomon Islands has awarded a Chinese state company a multi-million dollar contract to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official from the island nation said on Wednesday.

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