Asian Development Bank trims regional outlook, citing trade wars and global slowdown
The Asian Development Bank said in a report it expects regional growth of 5.4 percent this year and 5.5 percent in the coming year, slightly below its earlier forecasts.
Japan eyes ex-top currency diplomat Masatsugu Asakawa as next head of ADB
The government has decided to recommend former vice finance minister for international affairs Masatsugu Asakawa as the next chief of the Asian Development Bank by the end of this year, according to sources. The top ADB post has been held by Japanese since the launch ...
Japan calls on Asian Development Bank to reduce loans to China
Finance Minister Taro Aso called on the Asian Development Bank on Saturday to scale back easy money to countries like China that have developed to the point of no longer needing financial aid. "ADB should hold substantive discussions on a concrete path toward graduation while ...
Asian Development Bank to spend $5 billion in fight against marine waste
The Asian Development Bank has announced plans to spend $5 billion, including through syndicated loans, from 2019 to 2024 to help the Asia-Pacific region tackle plastic waste and other forms of marine pollution. The Manila-based ADB also plans to support sustainable tourism and fishery operations ...
China must “graduate from” the Asian Development Bank’s easy money if it continues to tempt emerging economies with unaffordable loans, the finance minister says at the ADB’s conference in Fiji.
Asian Development Bank sees growth in continent's developing countries slowing to 5.7% in 2019
The Asian Development Bank said Wednesday that growth in developing Asia will slow to 5.7 percent this year, down from 5.9 percent in 2018, due to slowing global demand and persistent trade tensions. In its Asian Development Outlook 2019 report, the bank said growth in ...
Japan would consider joining China-led AIIB if doubts are dispelled, Abe says
Prime Minister Shinzo Abe said Monday he could be open to joining the China-led Asian Infrastructure Investment Bank if questions surrounding its projects' environmental impacts and other issues are resolved. Abe made the remark following China's hosting of a two-day international forum on the "One ...
China-led AIIB head Jin sees opportunities for cooperation with ADB
The new China-led Asian Infrastructure Investment Bank is not competing with the long-established Asian Development Bank backed by Japan and the United States, the Beijing-based bank's leader said Thursday. Instead, the two complement each other and enjoy "very good cooperation," the Beijing-based bank's leader Jin ...
BOJ chief Kuroda jokes that former job at ADB was more exciting
Haruhiko Kuroda joked that his previous role running the Asian Development Bank was more exciting than the assignment he's taken on as governor of the Bank of Japan. Kuroda, who's spearheaded massive monetary stimulus in Japan for more than four years but still faces an ...
Faster investing, stronger private-sector cooperation key to ADB’s support of regional growth: Nakao
Speedier investing and stronger cooperation with the private sector are key for the Asian Development Bank to continue supporting further growth in the Asia-Pacific region, its president says.
Japanese, Chinese finance chiefs meet for first time since in nearly two years
The finance chiefs of Japan and China resumed their bilateral dialogue for the first time in two years Saturday, agreeing to deepen economic and financial ties. "Both sides emphasized the need to further deepen bilateral pragmatic cooperation in finance, (and to) scale up financial cooperation ...
Reflecting on Trump's first 100 days, experts say unclear East Asia policy remains huge concern
Reflecting on U.S. President Donald Trump's first 100 days, his policy toward East Asia and what lies ahead, foreign affairs experts said Saturday that his unpredictability has left many Asian leaders troubled, a trend likely to continue so long as his overall Asia policy ...
