#ADBNews
: ADB President Masa Asakawa today announced a $5 billion replenishment for the Asian Development Fund.
The ADF is ADBโs largest source of grants to support the poorest and most vulnerable developing member countries.
The Fund is replenished by ADB and donorโฆ
ADB is supporting the construction of a 103.5-kilometer railway line in Bangladesh, connecting Dohazari to Cox's Bazar in Chittagong.
The project aims to stimulate economic development, boost tourism, and enhance regional connectivity.
The prosperity of Asia and the Pacific depends on healthy oceans.
ADB works with governments to protect and restore coastal and marine ecosystems, promote inclusive development and boost food security.
By 2050, heat stress could force significant changes in job structures and labor demand, highlighting a pressing need for adaptive policies.
How can government interventions make a difference?
Find out more in our blog:
Nature is critical in building climate resilience.
ADBโs new initiative aims to help conserve Asia and the Pacificโs biodiversity and strengthen the resilience of vulnerable communities.
Here's how:
Indonesia has the worldโs largest geothermal potential.
ADB has approved a new loan to help expand geothermal power generation capacity in Java, the countryโs largest electricity grid.
Watch the video to learn more.
Asia and the Pacific is aging significantly faster than many developed countries.
Our recent blog discusses how governments in the region are preparing to deal with the changing demographics and their impact on economies and societies:
In 2023, ADB helped its development members address the climate crisis, impacts of conflicts, food insecurity, debt burdens, and many other complex challenges.
Read our
#ADBAnnualReport
here:
The number of people aged 60 and older in developing Asia and the Pacific is set to nearly double by 2050.
Policy reforms are urgently needed to support their welfare, says ADBโs Aiko Kikkawa.
Read our report to learn more:
ADB and the government of Sri Lanka have built a large-scale wind farm on Mannar Island.
The project aligns with the country's goal of generating 70% of its electricity from renewables by 2030 and achieving carbon neutrality by 2050.
Robust consumption and a continued recovery in tourism will drive Southeast Asia's economic growth this year. ADB's John Beirne shares more insights, including inflation outlook and potential risks ahead.
Explore
#ADO2024
to see our growth forecasts for individual economies.
The Asian Development Fund provides grants to ADB's poorest and most vulnerable developing member countries in Asia and the Pacific.
Learn how ADF has been changing lives across the region since 1974.
Extreme heat has a unique impact on women's lives in Asia and the Pacific.
In her blog, ADB's Zonibel Woods shares how effective gender-responsive strategies can help build resilience and protect women's health and economic security:
According to a recent report, generative AI could add between $2.6 trillion and $4.4 trillion to the worldโs GDP.
How can we ensure this new technology will expand financial inclusion in Asia and the Pacific?
Find out in our blog:
ADB will provide up to $2.1 billion for the construction of one of the worldโs longest marine bridges, a 32km climate-resilient bridge to better connect the Philippinesโ capital Manila with provincial areas.
Learn more:
Wrapped up a productive and engaging 57th
#ADBAnnualMeeting
in the vibrant city of Tbilisi. A huge thank you to the government and people of Georgia for their warm hospitality.
This year's theme, โBridge to the Future,โ steered our discussions on building a sustainable,โฆ
#ADBNews
: We have partnered with Citi to enhance access to supply chain financing for small and medium-sized enterprises and support additional annual trade across Asia and the Pacific.
Read more:
#ADBNews
: The meetings will be held in Milan, marking Italyโs first time to host and the first
#ADBAnnualMeeting
in Europe in almost a decade.
The theme will be โSharing Experience, Building Tomorrowโ.
Read more:
Thank you for following our coverage in Tbilisi this week.
ADB Vice President Roberta Casali, supported by staff, reveals the host of the bankโs 58th Annual Meeting, set for May 4-7 2025.
Madloba, Georgia! ๐ฌ๐ช
We conclude an engaging and enriching week in the beautiful city of Tbilisi, where delegates from across the globe gathered at the
#ADBAnnualMeeting
to discuss key development issues.
๐ Donors and ADB agreed to a replenishment of $5 billion for theโฆ