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 ...
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 ...
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.
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.
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, ...
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.
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.
The Asian Development Bank will closely monitor how China's economic slowdown and the U.S. central bank's possible scaling down of its asset purchases will affect the economies in the region, ADB President Takehiko Nakao indicated Wednesday. "Chinese exports are clearly slowing down . . . ...
Once again a leader from Japan has the opportunity to bring the Asian Development Bank into the modern world and to elevate the organization above backroom deals.
