KATHMANDU, NEPAL (25 September 2024) — Nepal’s economy is anticipated to grow by 4.9% in fiscal year (FY) 2025, up from an estimated growth of 3.9% in FY2024, says the latest edition of the Asian Development Bank’s (ADB) flagship economic publication. “ …
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (25 September 2024) — Services and clean energy investments are supporting growth in the Lao People’s Democratic Republic (Lao PDR), but macroeconomic challenges from public debt continue to constrain investment …
ISLAMABAD, PAKISTAN (25 September 2024) — Pakistan’s economic growth rebounded in fiscal year 2024 (ended 30 June 2024), supported by higher domestic consumption from increased agriculture income and workers’ remittances, the Asian Development Bank (ADB) …
TBILISI, GEORGIA (25 September 2024) — A rapid expansion in services coupled with higher domestic consumption has accelerated Georgia’s economic growth in 2024, according to a new Asian Development Bank (ADB) report. The Asian Development Outlook (ADO) …
HA NOI, VIET NAM (25 September 2024) — The Asian Development Bank (ADB) projects a positive economic outlook for Viet Nam, forecasting its gross domestic product growth at 6.0% in 2024 and 6.2% in 2025, according to the Asian Development Outlook (ADO) …
ULAANBAATAR, MONGOLIA (25 September 2024) — Strong external demand, rising consumption, and government expenditure are expected to drive continued economic expansion this year, leading to a higher 2024 growth forecast for Mongolia’s gross domestic product …
Agenda Click to view Time of Event Day 1: 09.00 - 16.30 (Tokyo time) Day 2: 09.00 - 16.30 (Tokyo time) Day 3: 09.00 - 16.30 (Tokyo time) Day 4: 09.00 - 13.30 (Tokyo time) Summary Over the last decade, sustainable public procurement (SPP) has become …
MANILA, PHILIPPINES (25 September 2024) — The Asian Development Bank (ADB) has raised its economic growth forecast for developing Asia and the Pacific this year, amid solid domestic demand and continued strength in exports. ADB has also lowered its …
DILI, TIMOR-LESTE (25 September 2024) — Timor-Leste’s economic growth momentum will continue in 2024–2025, though at a more modest pace than forecast in April 2024 due to lower government expenditure and weaker investment spending than previously expected, …
MANILA, PHILIPPINES (25 September 2024) — The Asian Development Bank (ADB) has maintained its forecast of 4.8% economic growth in the People’s Republic of China (PRC) this year, according to the latest ADB report. The growth outlook remains balanced amid a …
PHNOM PENH, CAMBODIA (25 September 2024) —The Asian Development Bank (ADB) has maintained its growth forecast for Cambodia at 5.8% for 2024 and 6.0% for 2025. It has revised down its earlier inflation projection for 2024 from 2.0% to 0.5%, reflecting the …
NEW DELHI, INDIA (25 September 2024) — The Asian Development Bank (ADB) forecasts that India’s economic growth will remain robust, with gross domestic product (GDP) expected to increase by 7.0% in fiscal year (FY) 2024 (ending 31 March 2025) and 7.2% in …
MANILA, PHILIPPINES (25 September 2024) — Moderating inflation, monetary easing, and sustained public spending particularly on major infrastructure projects, will support Philippine economic growth this year and the next, according to a report released by …
Agenda Click to view Time of Event 8:30, Beijing time Summary Energy security is essential to national and regional security and economic growth and stability. However, it has become increasingly complex and challenging in recent decades due to several …
THIMPHU, BHUTAN (24 September 2024) — Asian Development Bank (ADB) President Masatsugu Asakawa reaffirmed ADB’s commitment to supporting Bhutan’s development goals and praised the country’s recent achievements during a 3-day official visit to the country. …
MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) and the Government of Bhutan have signed a $30 million loan agreement for the Distributed Solar for Public Infrastructure Project. The project aims to generate up to 35 megawatts of …
MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) with Fiji for 2024–2028, which will support Fiji’s resilience to economic and climate-related shocks. “This new CPS will build …
MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) today announced a set of actions to mainstream lead exposure mitigation into its operations, as part of its participation in the newly formed Partnership for a Lead-Free Future, a …
NEW YORK, UNITED STATES (23 September 2024) — United Nations Secretary-General António Guterres and top UN officials met with the Heads of Multilateral Development Bank (MDB) Group on Sunday in a joint effort to better support countries in accelerating …
MANILA, PHILIPPINES (20 September 2024) — Multilateral development banks (MDBs) announced today that their global climate finance reached a record high of $125 billion in 2023. The combined total last year from institutions, including the Asian Development …
