The Asian Development Bank (ADB) has approved a $70 million grant for a project to magnify regional economic cooperation and inclusive growth in Tajikistan by improving key roads, enhancing road safety and maintenance, and promoting local community development.
Philippine President Benigno S. Aquino III today transferred 20 ADB-funded electric tricycles to the City of Mandaluyong, marking an important first step towards a sustainable, energy-efficient transport model for the country.
ADB will provide $400 million in loans to help the Indian city of Kolkata expand and improve water and sanitation systems in peripheral areas of the fast-growing metropolis which are missing out on quality services.
ADB will help overhaul a 45-year-old, inefficient water supply system in Bukhara and Navoi provinces in Uzbekistan, that will secure reliable irrigation to 6,500 farms and provide drinking water access to 725,000 consumers.
Emerging East Asia's local currency bond markets are still expanding but risks to the outlook are rising given the prospects of tighter US monetary policy, slower economic growth in Asia, and persistent capital outflows, according to the latest quarterly Asia Bond Monitor from ADB.
Larvae-eating guppy fish can help combat the spread of dengue, a mosquito-borne illness giving rise to hundreds of thousands of severe cases including 20,000 deaths worldwide every year, according to a trial study by the Governments of Cambodia and the Lao People's Democratic Republic with the support of ADB and the World Health Organization.
ADB returned to the US dollar bond market yesterday with the pricing of a $2.0 billion 5-year global benchmark bond issue, proceeds of which will be part of the bank's ordinary capital resources and used in its non-concessional operations.