Asian Development Bank chief says Japan-backed lender will continue loans to China
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.
When financiers can be agents of positive change
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.
Cambodia on 'Wednesday reopened the final stretch of a railway running from the capital Phnom Penh to the border with neighboring Thailand, the first time the line has been operational in 45 years. The Asian Development Bank provided $13 million in 2009 to rebuild the ...
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.
Asia needs $26 trillion infrastructure investment by 2030, report says
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 ...
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 ...
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 ...
Taiwan is not able to become a founding member of the Beijing-led Asian Infrastructure Investment Bank but is still welcome to become an ordinary member in the future, the Chinese government said on Monday. In a statement carried by the official Xinhua news agency, China's ...
U.S. proposes cooperation between new China-led bank and Western institutions: WSJ
President Barack Obama's administration is proposing that a new Chinese-led development bank over which Washington has voiced concerns work collaboratively with Western development groups like the World Bank, the Wall Street Journal reported on Sunday. The United States, worried about China's growing diplomatic clout, has ...
Abe administration develops rift over China's new development bank
Officials in the Abe administration give conflicting views over whether Japan should participate in China’s new infrastructure investment bank and risk its ties with Washington.
China steps in as the banker to call in a pinch
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.
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, ...
