Indonesian President sworn in for second term
Indonesian President Joko Widodo was officially sworn in on October 20 for his second and final five-year term with a pledge to take bolder actions in infrastructure development.
Hydropower plants to boost Uzbekistan for securing a cleaner, more sustainable energy future
11:34 02/10/2019
(CPV) - ADB has approved a USD60 million loan to construct hydropower plants capable of adding 25 MW capacity, which will help Uzbekistan achieve its goal of diversifying the country’s energy mix through greater use of clean energy sources and lowering carbon emissions.
Indian media condemn China’s activities in Vietnam’s EEZ
11:01 02/10/2019
The Economic Times of India on September 30 published an article backing Vietnam and opposing China’s illegal activities in Vietnam’s exclusive economic zone (EEZ).
Indonesia marks one year since devastating twin disasters
15:05 29/09/2019
Indonesia on September 28th marked one year since a devastating earthquake and subsequent tsunami smashed the city of Palu, killing more than 4,000 people.
ADB revises down Laos’ economic growth outlook
15:05 29/09/2019
Laos’ economic growth will be moderate in 2019 and 2020, projected to be at 6.2 percent, slightly lower than April forecast of 6.5 percent, according to a new Asian Development Bank (ADB) report.
Malaysia, Indonesia sign USD-2-billion currency swap deal
15:05 29/09/2019
The central banks of Malaysia and Indonesia on September 27th signed acurrency swap agreement, which allows the exchange of local currencies between the central banks of up to USD2 billion.
Pakistan economy continue to stabilize amid strong headwinds
23:42 28/09/2019
(CPV) - Pakistan’s economy in fiscal year (FY) 2019, which ended on June 30th, is showing signs of recovery as the government’s fiscal consolidation and austerity measures to address the structural weaknesses started to take effect.
ADB, Nauru sign grant agreement for new solar project
23:19 28/09/2019
(CPV) - ADB and the Government of Nauru signed a USD22 million grant on September 27th 2019 for a project that will fund the delivery of reliable, affordable, secure, and sustainable solar energy to help meet the socioeconomic development needs of the Pacific island nation.
Lao PDR improves public finance management
19:57 28/09/2019
(CPV) - ADB has approved a USD45 million policy-based loan to help the Lao People's Democratic Republic (Lao PDR) strengthen public debt management, reform tax administration, improve medium-term fiscal planning and budgeting, and boost governance and budget credibility.
Solomon Islands reduces it’s reliance on imported fossil fuels
19:52 27/09/2019
(CPV) - ADB has approved an USD18 million loan and a USD12 million grant to help Solomon Islands reduce the country’s reliance on imported fossil fuels for power generation through the Tina River Hydropower Project.