Multilateral development assistance

Asian Development Bank (ADB)

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19

The borrowing is a part of an executive emergency decree empowering the Thailand’s Finance Ministry to seek loans up to one trillion baht ($32 Bln) to combat economic and social problems resulting from COVID-19 . Finance Minister Arkhom Termpitayapaisith and Hideaki Iwasaki, country director for the ...

Changyong Rhee

ADB Approves $484-Million Loan for Expressway Linking Myanmar’s Bago Region, Mon State

The Asian Development Bank (ADB) has approved a US$484-million (624.52-billion-kyat) loan to construct a new expressway connecting Bago Region and Mon State, which lie along Japan’s planned East-West Economic Corridor, a grand infrastructure scheme for the Greater Mekong Subregion (GMS). The ADB said the new GMS ...

NAN LWIN

ADB supports Thailand green bonds for Covid-19 recovery

The Asian Development Bank (ADB) is assisting the government of Thailand in designing, issuing and monitoring innovative capital market initiatives as part of the country’s recovery from the Covid-19 pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals. ADB’s ...

Chito Santiago

Asia sees first regional recession in 60 years

The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy ...

The Asia Development Bank Extends a $250 million loan to Cambodia

The Asian Development Bank (ADB) on July 8 approved a $250 million loan to help the Cambodian government rebuild the country’s economy that has been severely affected by the Coronavirus Disease 2019 (COVID-19) pandemic. According to the ADB’s press release, this loan will go toward strengthening ...

ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal ...

THIHA KO KO

Vietnam’s Economy to Grow Fastest in Southeast Asia Despite COVID-19: ADB

According to the Asian Development Bank (ADB), Vietnam’s economy has shown strong growth in 2019, as a result of high domestic demand, a strong manufacturing and processing industry, and high Foreign Direct Investment (FDI). The second outbreak of COVID-19 in March started a new phase in the fight against the pandemic, severely ...

Do Thanh Ha

Viet Nam's Economy to Remain One of the Fastest Growing in Asia Despite Sharp Slowdown Due to COVID-19

Viet Nam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, from the initial supply shock to economic activity from the outbreak of the novel coronavirus (COVID-19) and the subsequent and ongoing drop in demand from Viet Nam’s principal trade and investment ...

Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ...

Nan Lwin

ADB seeks co-financing of Thai projects

The Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom.  He said Thai government is in a strong fiscal position and has not borrowed much ...

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