Business May 3, 2021
NGOs call on Asian Development Bank to end fossil fuel loans
The international lender holds its annual meeting this week with a focus on a green economic recovery.
Business Nov 12, 2020
Development banks make landmark climate pledge, but no fossil fuel phase out
The world's public development banks on Wednesday pledged to align their financial firepower with the Paris Agreement on climate change but avoided a firm commitment to phase out fossil fuel financing. As a source of funding for many large infrastructure projects, including in the energy ...
Business Dec 11, 2019
ADB downgrades 2019 and 2020 growth forecast for developing Asian nations
The Asian Development Bank expects slower growth than expected for developing nations on the continent this year and next, it said in a report Wednesday, citing weakening domestic investment due to external factors such as the U.S.-China trade war for its 5.2 percent expansion ...
Business / Economy Apr 16, 2019
Asian Development Bank chief says Japan-backed lender will continue loans to China
by Kazuaki Nagata
The bank will keep lending billions of dollars to the world’s second-biggest economy, taking a different stance from the World Bank and its plans to reduce loans to China.
Commentary / World Aug 17, 2018
When financiers can be agents of positive change
by Vinod Thomas
With Strategy 2030, the Asian Development Bank has a crucial chance to make a difference in achieving a better quality of growth in the region.
National / Politics May 4, 2018
Finance chiefs from Japan, China and South Korea hail inter-Korean summit
The finance ministers and central bank governors of the three countries also warned of risks from rising protectionism and noted the importance of free trade.
Business Mar 1, 2017
Asia needs $26 trillion infrastructure investment by 2030, report says
by Enda Curran and Karl Lester Yap
Asia's infrastructure race is just getting started. Emerging economies across the region will need to invest as much as $26 trillion on building everything from transport networks to clean water through 2030 to maintain growth, eradicate poverty and offset climate change. That's according to an Asian ...
Business Nov 24, 2016
The Asian Development Bank has appointed Yasuyuki Sawada, a professor at the University of Tokyo's Graduate School of Economics, as its chief economist. Sawada, who holds a Ph.D. in Economics and Master's in International Development Policy from Stanford University, will be the first Japanese to ...
National / Politics May 4, 2015
Financial chiefs from the Association of Southeast Asian Nations plus Japan, China and South Korea have agreed on the need to promote structural reforms in a bid to promote economic growth, and to be vigilant against risks arising from large capital outflows. Meeting on the ...
Commentary / World Dec 29, 2014
China steps in as the banker to call in a pinch
by William Pesek
Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.
Business Sep 29, 2014
Japan to propose Asian Development Bank celebrate its 50th anniversary in Yokohama
The government plans to propose that the Asian Development Bank hold its 50th anniversary annual general meeting in Yokohama, Finance Ministry sources said Monday. The event in May 2017 will take stock of the bank's progress and its plans for further poverty reduction in Asia, ...
Commentary / World May 12, 2014
ADB could use some 'Abenomics'
by Meera Kumar
As Asia's economic growth continues to drive the global economy, it is time for the Asian Development bank to bid farewell to systems that enable development money to flow without regard to results and impact.