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 ...
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 ...
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.
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 ...
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, ...
ADB could use some 'Abenomics'
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.
Navigating the risks of investing in Asia's future
Markets and economies need to work now to brace themselves for a period of higher borrowing costs, some market volatility and slower economic expansion in Asia.
