The Latest Breaking News from the Asian Development Bank

China's Realistic GDP Target Despite Challenges, ADB Reports

The Asian Development Bank assesses China's GDP target as realistic and achievable amidst challenges.

Top News · Mar 28, 2024

Indian tourists’ boycott call post Modi visit to Lakshadweep may impact Maldives | Data

A recent diplomatic row between India and the Maldives, sparked by disparaging remarks made by Maldivian ministers on social media regarding Prime Minister Narendra Modi’s visit to Lakshadweep, led to an uproar on Indian social media. The Maldivian government, distancing itself from the comments, suspended the ministers. Concerns arose about…

The Hindu · Jan 10, 2024

Asian Development Bank approves a $200M loan to debt-stricken Sri Lanka

The Asian Development Bank says it approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country’s finance sector

The Independent UK · Dec 8, 2023

Agencies predict economic uptick

Prime Minister Prayut Chan-o-cha is feeling upbeat regarding Thailand's economic recovery, citing the forecasts of several reputable economic agencies including the Asian Development Bank (ADB) and Japan Center for Economic Research (JCER) that anticipate a rebound in 2023 and 2024.

Bangkok Post · Apr 11, 2023

Region told to rev up decarbonisation

Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).

Bangkok Post · Apr 6, 2023

ADB gauges 2023 growth rate at 3.3%

Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).

Bangkok Post · Apr 4, 2023

ADB forecasts China, India to power strong growth in '23

The Asian Development Bank says China's recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year

The Independent UK · Apr 4, 2023

Chinese company wins tender to redevelop Solomon Islands port - official

The Solomon Islands has awarded a Chinese state company a multi-million dollar contract to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official from the island nation said on Wednesday.

Reuters · Mar 22, 2023

Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

Reuters · Mar 21, 2023