SAMARKAND, 04 MAY 2026 (ADB)—The Asian Development Bank (ADB) will back US$70 billion in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific. “Energy and digital access will define the region’s future,” said ADB President Masato Kanda. “These […]
Tag: Asian Development Bank
Posted inPacific News
ADB warns of Middle East shock, pushes ASEAN to act on markets and Energy security
MANILA, 09 APRIL 2026 (PACNEWS) — Asian Development Bank President Masato Kanda has warned that the conflict in the Middle East is hitting Southeast Asia hard, driving inflation, raising costs and threatening food security across the region. Kanda said the impact of the crisis goes beyond energy, with Southeast Asia heavily exposed to oil imports. […]
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President Whipps Attends Pacific Islands Forum Troika Meeting in Brisbane Ahead of PIF 2026
By: L.N. Reklai KOROR, Palau (Jan. 26, 2026) — President Surangel Whipps Jr. departed Palau on Monday for Brisbane, Australia, where he will attend a high-level Pacific Islands Forum Troika meeting this week as preparations intensify for the 2026 Pacific Islands Forum (PIF) Leaders Meeting, which Palau is set to host later this year. The […]
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Palau, ADB working on debt ratio analysis
The Palau government is working with the Asian Development Bank (ADB) for a debt-to-gross domestic product (GDP) analysis which is expected to be pushed higher following a planned loan to mitigate the COVID-19 economic impact. Finance Minister Elbuchel Sadang last week said that debt-to-GDP ratio is currently at 30 percent and that they plan to keep the […]
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ADB report assists Palau’s next compact negotiation; Shows Palau has done well over last 24 years of the compact
Asian Development Bank presented a draft report to Palau’s national leadership on Wednesday, January 22, of a study it commissioned for the three Freely Associated States (FAS) including Palau. The study looked at economic trends of the three countries over the past Compact periods, impact of each country’s Compact on their economy and the potential […]
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ADB opens its first north Pacific office in Palau
The Asian Development Bank inaugurated the opening of its first north pacific office in Palau last night at the PDC building in downtown Koror. The historic event was marked by a ribbon cutting ceremony witnessed by Palau’s President Tommy E. Remengesau Jr., ADB’s Deputy Director General Jim Lynch (Pacific Department) and representatives from ADB, members […]