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The Latest Breaking News from Asian Development Bank

Growth forecast slashed for developing Asia as prices soar

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

Bangkok Post

Explained: How India emerged to be Sri Lanka's top lender in 2022

NEW DELHI: Crisis-hit Sri Lanka found most support in neighbour India as it emerged to be the island nation's source of assistance amidst the economic collapse.

The Times of India

The Pacific’s spiralling debt – and what governments can do about it

Rising debt and declining income seem to add up to an austere future for Pacific Island nations. But belt-tightening may make things worse.

360info

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Bangladesh marks opening of country's longest bridge

Bangladesh’s Prime Minister Sheikh Hasina has celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations

The Independent UK

Asean must seize new opportunities

As Asean economies continue their path to safely reopening and getting back to business, they must also manage growing economic challenges and identify how best to seize new opportunities for a resilient, inclusive, and sustainable recovery.

Bangkok Post

Asian Development Bank to provide $2 million loan to support urban development in Nagaland

Nagaland’s towns and cities face the long-term challenges of climate change, lack of basic amenities and poor connectivity

The Hindu

Asia set for strong growth despite Ukraine risks: ADB

Manila-based bank forecasts region’s developing economies to grow 5.2 percent in 2022 and 5.3 percent in 2023.

Al Jazeera

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Dharamshala to have Rs 150 crore international convention centre, says Himachal Pradesh CM Jai Ram Thakur

SHIMLA: Himachal Pradesh chief minister Jai Ram Thakur said in Dharamshala on Wednesday that Asian Development Bank will help build an international convention centre there for Rs 150 crore. He also talked about the new Dharamshala-McLeodganj ropeway worth Rs 207 crore.

The Times of India

Pandemic sends 4.7m more people into ‘extreme poverty’ in SE Asia

MANILA: The pandemic added 4.7 million more people to Southeast Asia's most extreme poor in 2021, reversing gains made in fighting poverty, the Asian Development Bank (ADB) said on Wednesday, while urging governments to take steps to boost economic growth.

Bangkok Post

ADB: Covid erases 9 million jobs in Southeast Asia

The Covid-19 pandemic obliterated 9.3 million jobs in Southeast Asia as lockdowns hit the region’s traditional engines of growth such as hospitality and tourism, according to the Asian Development Bank (ADB).

Bangkok Post

Pandemic sends 4.7 million more people into extreme poverty in SE Asia - ADB

The pandemic added 4.7 million more people to Southeast Asia's most extreme poor in 2021, reversing gains made in fighting poverty, the Asian Development Bank (ADB) said on Wednesday, while urging governments to take steps to boost economic growth.

Reuters

Asia Pacific trade booms despite COVID curbs: ADB

Asian Development Bank President Masatsugu Asakawa says harsh pandemic restrictions are now ‘more difficult to justify’.

Al Jazeera

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