asian development bank

ADB Provides FJD 2 Million Grant to Fiji After Cyclone Yasa

December 24, 2020

BANKS

The FINANCIAL--The Asian Development Bank (ADB) today approved a $1 million (about 2 million Fijian dollars) grant to the Government of Fiji to help fund priority recovery activities following Tropical Cyclone Yasa, which hit Fiji on 17–18 December.

Water Security a Top Priority in COVID-19 Recovery, Says ADB Report

The FINANCIAL -- Economies of Asia and the Pacific must put water

by The FINANCIAL

December 18, 2020

2 mins read

10 of the world’s largest multilateral development banks increase commitment to road safety

The FINANCIAL — In a virtual meeting, the European Investment Bank (EIB)

by The FINANCIAL

November 17, 2020

1 min read

ADB and Luxembourg discuss boosting partnership

The FINANCIAL — Asian Development Bank (ADB) President Masatsugu Asakawa and Luxembourg

by The FINANCIAL

November 13, 2020

1 min read

WORLD

ADB to develop Asian Transport Outlook to support larger and more sustainable transport sector in Asia

The FINANCIAL — Asian Development Bank (ADB) Vice-President Bambang Susantono today launched the foundation of a new regional knowledge platform to guide sustainable transport development in Asia and the Pacific. The Asian Transport Outlook (ATO) will support the planning and delivery of

by The FINANCIAL

November 10, 2020

2 mins read

WORLD

Rethink education to prepare Developing Asia for the future of jobs and skills — ADB Book

The FINANCIAL — As technological change and automation increasingly disrupt many aspects of daily life, developing economies in Asia and the Pacific must rethink education and training to ensure students have the right skills for the jobs of the future, according to

by The FINANCIAL

November 9, 2020

1 min read

Travel News

ADB propses 5 ways to restore tourism in Central Asia

The FINANCIAL — From the snowy peaks of the Pamir mountains to the vast wilderness of the Karakum desert, Central Asia is a region of astonishing natural beauty and historical significance. In recent years, the region has emerged as a rising tourism

by The FINANCIAL

November 5, 2020

3 mins read

Finance

ADB urges Southeast Asian countries to expand investments in digital infrastructure

The FINANCIAL — Asian Development Bank (ADB) President Masatsugu Asakawa today urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the coronavirus disease (COVID-19) pandemic. “We must close the digital divide

by The FINANCIAL

October 21, 2020

2 mins read

BANKS

ADB increased operations in PNG by $1 bln

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming

by The FINANCIAL

October 8, 2020

1 min read

Business

ADB-Funded Malolos–Clark Railway Project was awarded with contracts worth $1.7 bln

The FINANCIAL — Construction of the Malolos–Clark Railway Project, a flagship Philippine project funded by the Asian Development Bank (ADB), is expected to begin soon, following the signing of three civil works contracts worth more than $1.7 billion. The signing ceremony today

by The FINANCIAL

October 8, 2020

2 mins read

Georgia

ADB approved $150 mln loan to Georgia for improving water supply and sanitation

The FINANCIAL — The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an integrated approach to the sector’s development. Under the Sustainable Water Supply

by The FINANCIAL

October 1, 2020

2 mins read

Georgia

Georgia’s GDP declined by 5.3% in August 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the

by The FINANCIAL

September 30, 2020

1 min read

Georgia

EBRD will issue a loan to help GOGC refinance a $250 Mln Eurobond

The FINANCIAL — Tthe European Bank for Reconstruction and Development (EBRD) announced that it will issue an unsecured loan of EUR 217 million to help the Georgian Oil and Gas Corporation (GOGC) refinance a USD 250 million corporate Eurobond. The Bank will

by The FINANCIAL

September 24, 2020

2 mins read

Georgia

ADB maintains Georgia’s growth outlook at 4.5% for next year

The FINANCIAL — A new Asian Development Bank (ADB) report, the Asian Development Outlook 2020 Update said that Georgia is forecast to return to the economic growth of 4.5 percent in 2021 thanks to expected recoveries in tourism, private consumption, investment, and net

by The FINANCIAL

September 16, 2020

2 mins read