The Asian Development Bank says it has signed a loan agreement with a Chinese company for waste-to-energy projects to reduce the environmental impact of agricultural and municipal waste disposal. The ADB said in a statement Monday that four loans of up to $200 million will be provided to two units of China Everbright International Limited […]
ADB to Help China Create Energy From Waste
Posted November 26th, 2012 at 3:00 am (UTC-5)
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Report: Rising Income Gap Threatening Stability in Asia
Posted April 11th, 2012 at 10:00 am (UTC-5)
A report by the Asian Development Bank says the region’s rapid economic growth has created a widening income gap that threatens to undermine its growth and stability. In its annual economic development outlook, the Manila-based lender says Asia’s richest one percent of households account for six to eight percent of total income, while up to […]
Asia-Pacific Called Grossly Unprepared for Climate Change
Posted March 12th, 2012 at 1:40 am (UTC-5)
A senior development official says Asia-Pacific nations must undergo “transformational change” if they are to meet the challenges posed by climate change. Bindu Lohani, a vice president of the Asian Development Bank, said at a conference in Bangkok Monday that resources now available to make roads, sewers, bridges and pipelines safe from climate change are […]
ADB Says Livable, Clean Cities Key to Asia’s Future
Posted November 15th, 2011 at 4:20 am (UTC-5)
The head of the Asian Development Bank says Asian cities need to make continuous efforts to become livable, competitive and environmentally sustainable. Speaking before a forum at the regional lender’s Manila headquarters Tuesday, ADB President Haruhiko Kuroda noted that approximately 80 percent of gross domestic product comes from urban areas. He said the “quality and […]
ADB Announces Funding for Laos Dam
Posted November 3rd, 2011 at 3:35 am (UTC-5)
The Asian Development Bank has announced more than $450 million in financial backing for a hydro-electric project in Laos. The bank said Thursday the project will generate more than $770 million of revenue for the impoverished country, of which more than $200 million will be earmarked for poverty reduction and environmental protection programs. The 220-meter-high […]
ADB: Asia Must Plan for Unprecedented Aging of Population
Posted September 14th, 2011 at 3:15 am (UTC-5)
Asian governments are being warned to plan for the future as the region’s population ages more rapidly than ever in human history. The Asian Development Bank says in a report Wednesday that China’s ratio of elderly to working-age people will quadruple by 2050. It says other countries with fairly younger populations, like India, Pakistan and […]
Report: Philippines Needs Stronger Private Sector, Infrastructure
Posted July 20th, 2011 at 12:15 am (UTC-5)
The Asian Development Bank says the Philippines economy would benefit from greater cooperation between large corporations and smaller businesses, and from improvements to its infrastructure. A new report released Wednesday by the Manila-based lender says the Philippines’ private sector is constrained by a disconnect between large companies and domestic small and medium enterprises, many of […]
