Asian Development Bank

Yam backs stronger safety net role for ADB in crisis

Hong Kong is set to urge the Asian Development Bank to take a much larger role in emergency lending to crisis-hit countries, and is prepared to lend substantial amounts to help the bank achieve this.

Thursday, 30 April, 1998, 12:00am

Korea, Indonesia bailouts bite into agency's capital resources

The Asian Development Bank has seen its annual lending to the region soar by nearly 70 per cent, as the full weight of the financial crisis bites into its capital resources.

27 Apr 1998 - 12:00am

Euro to foster greater Asian trade, says ADB

Europe's ambitious single currency project, due to be launched next year, may prove to be the much-needed engine of growth for Asia, the Asian Development Bank said yesterday.

24 Apr 1998 - 12:00am

ADB loan to lift power output

The Asia Development Bank (ADB) announced on Wednesday approval of a US$150 million loan and technical assistance to help finance a project increasing power transmission capacity in energy-hungry northeast China.

27 Nov 1997 - 12:00am

ADB front-runner to manage Asia fund

A behind-the-scenes tussle is emerging over who might manage the proposed new Asian stability fund and regional surveillance grouping.

The new Asian office of the International Monetary Fund in Tokyo was the first to put its name forward a few weeks ago.

Now the Manila-based Asian Development Bank (ADB) is lobbying hard and has emerged as the favourite.

19 Nov 1997 - 12:00am

ADB urged to develop financial infrastructure

The chief executive of the Hong Kong Monetary Authority (HKMA) yesterday called on the Asian Development Bank (ADB) to be more active in developing the region's financial infrastructure or run the risk of being marginalised.

13 May 1997 - 12:00am

ADB sees Hong Kong incomes leading the way as global trade focus switches to

Average incomes in Hong Kong are set to surpass those in the United States, according to a study by the Asian Development Bank.

12 May 1997 - 12:00am

Call for development funds

China yesterday called on the Asian Development Bank (ADB) to grant it cheap funding from the bank's development fund, from which it is excluded.

'We strongly call on the international community and the bank to support our effort in poverty alleviation by making resources available,' People's Bank of China deputy governor Yin Jieyen said at the annual ADB meeting in Manila.

2 May 1996 - 12:00am

Faster reform for China ruled out by ADB director

Any hastening of China's economic reforms was ruled out yesterday by a senior mainland banker.

In a blunt address, Asian Development Bank (ADB) Chinese executive director Li Ruogo admitted delays to financial reforms were to blame for many of the country's problems, including the development of an underground financial market and economic distortions.

30 Apr 1996 - 12:00am

US support crucial to development fund

Now that some of Asia's countries have joined the rich men's clubs, why are they not prepared to contribute to the very fund which helped them grasp their own bootstraps?

29 Apr 1996 - 12:00am

ADB strikes up global bond issue for instant US$750m

THE Asian Development Bank (ADB) has raised US$750 million through a global bond issue lead managed by Daiwa Europe and Morgan Stanley & Co International, the bank says.

20 Oct 1995 - 12:00am

ADB to grant funding for roads

THE Asian Development Bank (ADB) has approved loans and technical assistance grants to China totalling US$386.93 million.

The principal two loans, totalling $320 million, will be used to assist in the construction of the Hebei and Liaoning expressway projects.

1 Oct 1995 - 12:00am

ADB back

THE Asian Development Bank (ADB) staged a return to a Eurobond market yesterday, with the launch of a 40 billion yen 10-year issue.

With a coupon of 3.125 per cent, re-offered at a 99.594 issue price, lead managers Nikko Europe said that demand looked healthy.

16 Jun 1995 - 12:00am

Intra-national zones gain from use of growth triangles

THE use of economic and trade pacts has now filtered down from a level of national governments to involve states and economic zones within countries.

According to the Asian Development Bank (ADB), one of the most important developments in recent years is the emergence of 'growth triangles'.

22 May 1995 - 12:00am

ADB has answer to trade war

THE trade war brewing between the world's two biggest economies, the United States and Japan, has once more focused attention on trade barriers and tariff walls.

The global trend in recent years has been towards a multilateral-trading system based on economic co-operation and the free and open exchange of goods and services.

22 May 1995 - 12:00am