Asian Development Bank

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• ADB head points to monetary policy dilemma in Asia amid inflation

  - 2008-07-07

  TOKYO, July 4 Kyodo Asian Development Bank President Haruhiko Kuroda on Friday pointed to a ''growing dilemma of monetary policy'' in Asian countries that face upward price movements, saying interest rate hikes to combat inflation could increase hard-landing risks of their economies. Noting the...

  Tags: Asia, Asian Development Bank, bank, FINANCE, inflation

• New Asia-Pacific Network "KnowledgeHubs" Launched to Tackle Water Problems

  - 2008-06-27

  Singapore, June 27, 2008 - ACN Newswire - Twelve organizations from across the Asia-Pacific region today launched a network to share solutions for improving water management to tackle the region's many pressing water challenges. The network, known as "KnowledgeHubs," is an initiative of the Asia-Pacific Water Forum, which was...

  Tags: Asian Development Bank, knowledge, network, NETWORKING, Singapore, Strategy

• ADB President Outlines Water Agenda for Asia-Pacific Region

  - 2008-06-25

  Singapore, June 25, 2008 - ACN Newswire - Asian Development Bank ADB President Haruhiko Kuroda today unveiled a seven-point agenda to prioritize water investments in the Asia-Pacific region and said that the institution is committed to helping countries in the region boost new water investments to $20 billion to improve...

  Tags: Asian Development Bank, FINANCE, Investment

• ADB Calls for New Focus on Asian Cities

  - 2008-06-25

  Singapore, June 25, 2008 - ACN Newswire - With Asian cities growing by over 100,000 people a day, a major rethink is needed on how cities manage growth because the current approach is no longer economically, environmentally or socially sustainable, the Asian Development Bank ADB said at the World Cities...

  Tags: Asia, Asian Development Bank, E-mail, FINANCE, INTERNET, Investment

• Asian cities struggling against urbanisation woes: ADB

  - 2008-06-25

  SINGAPORE AFP — Asian cities need help to cope with an unprecedented period of urbanisation, the Asian Development Bank ADB said Wednesday, stressing that their future prosperity is at stake. Providing adequate water supplies and infrastructure are among the key issues facing urban planners and policymakers, ADB president Haruhiko...

  Tags: Asia, Asian Development Bank, FINANCE, Government, Investment, Singapore, SOFTWARE

• Asia must tighten monetary, fiscal policy to tame inflation: ADB

  - 2008-06-23

  KUALA LUMPUR, June 15 Kyodo Governments in Asia need to tighten both monetary and fiscal policies to tame runaway inflation sparked by the rise in fuel and food prices, the Asian Development Bank warned Sunday. ''If they have not tamed it by a combination of tightening...

  Tags: Asia, Asian Development Bank, FINANCE, inflation

• ADB to lend 100 million dollars to China for energy programme

  - 2008-06-04

  MANILA AFP — The Manila-based Asian Development Bank said on Thursday it would lend 100 million dollars to China to bring energy-efficient technology to the industrialised province of Guangdong. The long-term, low-cost loan to the Guangdong provincial government will be used to provide credit to major energy consumers for...

  Tags: Agence France-Presse, Asian Development Bank, China, FINANCE, Government, SOFTWARE

• ADB to invest 1 billion dollars a year for 'clean energy' in Asia

  - 2008-06-03

  MANILA AFP — The Asian Development Bank ADB is to invest one billion dollars annually in "clean energy" projects as part of an effort to encourage their use, the Manila-based bank said Tuesday. ADB vice-president for sustainable development Ursula Schafer-Preuss made the announcement at a special forum sponsored by...

  Tags: Asian Development Bank, FINANCE

• US warns Asian Development Bank it risks becoming 'irrelevant'

  - 2008-05-06

  MADRID AFP — The United States, the Asian Development Bank's second-biggest donor, warned the institution on Tuesday it risked becoming irrelevant if it fails to adapt to the region's rapid economic expansion. "It's important for the ADB to stick to its overall mission, but at the same time it's...

  Tags: Agence France-Presse, Asian Development Bank, bank, board, Governor, job, Strategy, U.S.

• Japan warns rising food prices could lead to unrest in Asia

  - 2008-05-04

  MADRID AFP — Soaring prices for food staples, especially for rice which have tripled over the past year, could lead to social unrest in Asia, Japanese Finance Minister Fukushiro Nukaga warned Sunday in Spain. "The recent hike in the price of rice will hit Asian countries particularly hard. The...

  Tags: Asia, Asian Development Bank, food, Manufacturing, unrest

• Asian nations agree to set up crisis fund

  - 2008-05-04

  MADRID AFP — Finance ministers of 13 Asian nations agreed here on Sunday to set up a foreign exchange pool of at least 80 billion dollars (52 billion euros) to be used in the event of another regional financial crisis. China, Japan and South Korea will provide 80 percent...

  Tags: Asian Development Bank, FINANCE, financial, Madrid, reserve

• Asia fears rising poverty, social unrest from soaring food prices

  - 2008-05-04

  MADRID AFP — Soaring food prices could push millions of people in Asia back into poverty and lead to social unrest, regional leaders warned Sunday at the Asian Development Bank's annual meeting in Spain. "The recent hike in the price of rice will hit Asian countries particularly hard. The...

  Tags: Asia, Asian Development Bank, food, Manufacturing, poverty, unrest

• Capital flows will return to Asia once credit crunch ends: ADB

  - 2008-05-03

  MADRID AFP — Once the global credit crunch eases Asia will see the return of the large capital inflows which put the squeeze on their economies, a senior Asian Development Bank ADB official said Saturday. "We can expect massive capital inflows into Asia once financial stability is restored," Masahiro...

  Tags: Asia, Asian Development Bank, FINANCE, inflow

• ADB to meet amid food crisis, growing poverty

  - 2008-05-01

  MANILA AFP — The Asian Development Bank holds its annual meeting this weekend reeling from a global food crisis that has led to stinging criticism of its international governors for failing to see it coming. The soaring price of basic foods such as rice -- the benchmark Thai variety...

  Tags: Agence France-Presse, Asian Development Bank, food, Government, Manufacturing

• One billion Asians affected by surging food prices: development bank

  - 2008-04-30

  MADRID AFP — One billion people in Asia are seriously affected by surging global food prices, the director general of the Asian Development Bank, Rajat Nag, said Wednesday. "This includes roughly about 600 million people who live on just under a dollar a day, which is the definition of...

  Tags: Asian Development Bank, bank, food, Manufacturing

• ADB invests in China wastewater treatment industry

  - 2008-04-15

  MANILA AFP — The Asian Development Bank said Wednesday it has set up a joint venture firm with three Singapore partners to help tackle China's huge wastewater problem. Manila-based ADB said it put in four million dollars for a 40 percent stake in the new company, Asia Infrastructure Project...

  Tags: Agence France-Presse, Asian Development Bank, China, FINANCE, Government, industry, SOFTWARE

• LEAD: ADB economist warns of rising inflation in Asia

  - 2008-04-07

  TOKYO, April 4 Kyodo (EDS: UPDATING WITH INTERVIEW) Overcoming mounting inflationary pressures will be a major challenge for Asian developing economies as measures to alleviate the negative impact from rising food and fuel prices will put a heavy fiscal burden on governments, the Asian Development...

  Tags: Asian Development Bank, economist, FINANCE, food, inflation, Manufacturing

• ASEAN tries to tackle soaring prices

  - 2008-04-03

  DANANG, Vietnam AFP — ASEAN finance ministers met in Vietnam on Friday to look at ways of coping with soaring prices and the global economic slowdown, which are expected to hurt growth across the region. The spiralling cost of fuel and rice has drawn warnings of unrest, and the...

  Tags: Asian Development Bank, FINANCE, financial, food, Manufacturing, Vietnam, World Bank

• Asian PMs kick off Mekong summit

  - 2008-03-30

  VIENTIANE AFP — The prime ministers of China and five other Mekong River countries on Sunday kicked off a two-day summit in the Lao capital on closer regional integration. "The development of this subregion involves six countries, therefore it is a win-win development," China's Wen Jiabao told a youth...

  Tags: Agence France-Presse, Asian Development Bank, China, FINANCE, Investment, summit

• Work has started on a $US 73 million 23-month project to rehabilitate the national railway

  - 2008-03-01

  Work has started on a $US 73 million 23-month project to rehabilitate the national railway. The project is funded by the Asian Development Bank, Opec, Malaysia, and the Cambodian government.

  Tags: Asian Development Bank, Government, Malaysia, OPEC, SOFTWARE