Philippine Economy Leads Amidst Southeast Asian Growth Challenges
The Philippines is a shining example of resilience amidst challenging regional economic conditions. The ADB’s positive growth forecast for the country reflects the unwavering strength of its consumer spending and the potential for significant contributions from the tourism and BPO sectors. However, as Southeast Asia navigates the headwinds of weakening global demand and inflationary pressures, continued vigilance and innovative strategies will be crucial to sustaining growth and promoting economic prosperity in the region.
ADB Announces New Programme to Fight Climate Change
The Asian Development Bank (ADB) on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
EXCLUSIVE ADB, Citi, HSBC, Prudential hatch plan for Asian coal-fired closures -sources
LONDON/MELBOURNE, Aug 3 (Reuters) – Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said. The novel proposal, which is being […]
Why school closure is a last resort
By Hyuncheol Bryant Kim, Sungsup Ra, Ryotaro Hayashi School reopening should be done on a risk-based approach – with situations closely monitored, particularly for the effect of COVID-19 variants – and school closure be used as a last resort. Schools have been fully or partially closed for more than a year in many developing countries. The world’s longest […]
NGOs call on ADB to end fossil fuel loans amid climate reboot
A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans to the fossil-fuels sector, as the international lender holds its annual meeting this week with a focus on a green economic recovery. The ADB, which finances initiatives aimed at boosting economic prospects for Asia’s poorest, is also reviewing […]
How ICT applications are redefining development
By Bruno Carrasco, Çiğdem Akın ADB has supported simple, yet transformative e-government solutions in the Maldives and Nepal. New technology is often described as a solution in search of a problem. This is not an uncommon qualifier across many ICT applications that seek to get ahead of the curve. For end users, behavioral change is largely adaptive […]
