MANILA, PHILIPPINES (8 July 2026) — The Asian Development Bank (ADB) has lowered its growth forecast for developing Asia and the Pacific economies to 4.9% for 2026 compared to 5.5% growth in 2025. This is a reduction of 0.2 percentage points from April projections. Prolonged disruptions to energy markets caused by the Middle East conflict […]
Tag: Asian Development Bank
Posted inBillboard
ADB Provides Grant for Typhoon Sinlaku Relief in the Federated States of Micronesia
MANILA, PHILIPPINES (4 June 2026) — The Asian Development Bank (ADB) will provide a $500,000 grant to the Government of the Federated States of Micronesia (FSM) to help expedite recovery from Typhoon Sinlaku, which struck the country during 9–12 April this year.“ADB extends its deepest condolences to the Federated States of Micronesia for the loss […]
Posted inPacific News
ADB launches $70 billion push to connect Asia’s power grids, digital networks
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 […]
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. […]
Posted inTop Stories
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 […]
Posted inTop Stories
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 […]