Food Security Challenges Asia’s Rising Prosperity

Food Security Challenges Asia’s Rising Prosperity

Asia’s economic growth over the last decade has been relentless, bringing with it a rising population and an influx of people from the countryside to the cities in search of prosperity. These trends are not expected to abate. By 2025 the total population of the Asia Pacific region should reach about 4.4 billion. And over […]

ADB Lends $123 Mil To Upgrade Manila’s Water Supply

ADB Lends $123 Mil To Upgrade Manila’s Water Supply

The Asian Development Bank (ADB) has approved a $123.3 million loan for a new water tunnel to help modernise Manila’s water supply, reducing the risk of shortages as demand for water rises in tandem with the city’s booming population. According to Paul van Klaveren, senior urban development specialist with ADB’s Southeast Asia Department: “The Angat […]

ADB Approves Record $27 Billion in 2015

ADB Approves Record $27 Billion in 2015

The Asian Development Bank’s (ADBs) operations – comprising loan approvals and grants, technical assistance, and cofinancing – reached an all-time high of US$ 27.15 billion in 2015, an increase of about 19 per cent over the $22.89 billion in 2014, according to provisional figures released today. The ADBs approvals of loans and grants, sovereign (government) and […]

2015 Philippines GDP Forecast Cut By 6.25%

2015 Philippines GDP Forecast Cut By 6.25%

The Philippines will see a mild pullback in 2015 GDP growth before the economy bounces back in 2016 on a pickup in government spending and a likely bounce back in exports, says a new Asian Development Bank (ADB) report. In an update to its flagship annual economic publication, Asian Development Outlook 2015, ADB projects 2015 Philippines […]

Asia Bond Markets Pressured by Interest Rate, Currency Concerns

Asia Bond Markets Pressured by Interest Rate, Currency Concerns

Emerging East Asia bond markets came under pressure in the past quarter amidst concerns over softer growth, depreciating currencies, and US interest rates, according to the Asian Development Bank’s (ADBs) Asia Bond Monitor – September 2015. “Asia bond markets were buffeted by strong headwinds, including anticipation of the US Federal Reserve rate hike, which has […]

GMS 20th Ministerial Conference Kicks Off

Opening statement by ADB vice-president Stephen Groff at the 20th Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program held 9-10 September 2015 in Nay Pyi Taw, Myanmar.

GMS 20th Ministerial Conference Kicks Off

I am very pleased to join you at this 20th Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program (GMS-ECP). I would like to thank our host, the Republic of the Union of Myanmar, for their impressive work in organizing this conference, for the hospitality extended to all of the participants. I would also […]