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The Latest Breaking News from the Asian Development Bank

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

The Guardian - AU

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.

WEKU

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

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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).

Bangkok Post

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

The Independent UK

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.

Reuters

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Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

Reuters

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