Page 53 - Adb News Today

ADB President Masatsugu Asakawa and Singapore Deputy Prime Minister and Finance Minister Lawrence Wong today signed a Memorandum of Understanding to promote greater investment in the Asia and Pacific region and to recognize...

ADB retained its spot in the top “very good” category in the 2022 Aid Transparency Index, an independent measurement of aid transparency launched on 13 July.

The ADB and JICA are currently funding extensive upgrades to the country’s railways and urban mass transit systems.

Pursuing a green recovery from the pandemic in Southeast Asian countries can generate $172 billion worth of investment opportunities annually and create over 30 million jobs in the region by 2030, the Asian Development Bank said.

The government will need to strengthen interagency coordination and local government units capacity on social assistance programs, beef up its healthcare system, and expand support for micro, small and medium enterprises to sustain economic recovery from the pandemic, the Asian Development Bank said.

The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million.

The energy crisis burdening economies around the world is seen to be temporary, but a shift to clean energy should be implemented immediately to avoid further repercussions, the Asian Development Bank said.

The domestic bond market continued to grow in the first quarter, reaching P10.43 trillion largely due to issuances led by the government even amid external headwinds, the Asian Development Bank said.

Fiji secures $150 million loan to support COVID-19 recovery and climate resilience in Fiji

ADB Continues Support for Displaced Persons from Myanmar in Bangladesh