Western Mongolia struggles to attract investment due to high transportation costs, but thus may soon change with the construction of a new regional corridor.
As ADB's 48th Annual Meeting draws to a close, it's time to reflect on highlights such as livable cities, partnerships, regional integration, collaboration with AIIB, the ADF-OCR merger – as well as admire the host city and look forward to next year's meeting in Frankfurt, Germany.
The countries of Central Asia and the South Caucasus have seen a surge in growth and investor interest in recent years, but the region also faces formidable obstacles. A seminar looked at how closer cross-border ties can help overcome existing challenges, and take advantage of new opportunities.
ADB and the Islamic Financial Services Board launched today a new publication about how Islamic finance can contribute to sustainable growth in Asia. Here are a few highlights.
By 2050, up to 65% of Asia’s population is expected to live in cities. With urbanization growing at such at a breakneck speed, many believe that how cities cope with it may well determine the region’s long-term productivity and overall stability.
Seven days after the earthquake in Nepal, it’s a race against time to provide food, shelter, and water to those affected. An ADB staff member in Kathmandu describes how they are still coming to grips with the devastation, and they take it one day at a time.
As developing Asia looks to continue boasting robust economic growth in the future, experts at a joint ADB-IMF seminar during ADB’s Annual Meeting in Baku discussed how the region’s financial sector needs to transform itself to deliver stable, inclusive, long-term results.
The start of May means birds, flowers and warmer weather in some parts of the world, but for ADB, it marks the biggest and busiest event in our calendar year – the Annual Meeting of the Board of Governors.