03:05 02-09-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Asian Development Bank approves $21.02 bln in financing operations in 2013

Bishkek (AKIpress) - adb The Asian Development Bank (ADB) approved $21.02 billion in financing operations in 2013, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

The substantial lending volume reflects the Asia and Pacific region’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. The report notes that an estimated 733 million people in the region still live on less than $1.25 a day, and the gap between rich and poor is widening.

Of the financing total, $14.375 billion came from ADB’s ordinary capital resources and Special Funds, and $6.648 billion from cofinancing partners.

With much of the region vulnerable to climate change and natural hazards, the theme of the report is environmentally sustainable growth. It highlights ADB’s work to develop sustainable infrastructure, manage critical ecosystems, respond to the effects of climate change, and support renewable electricity generation. In 2013, ADB’s clean energy investments reached $2.35 billion.

After an earthquake and then Typhoon Haiyan (Yolanda) struck the Philippines in late 2013, claiming more than 6,000 lives, ADB provided nearly $900 million in assistance for immediate recovery efforts and long-term work to rebuild infrastructure like schools and clinics, and restore sources of income in rural communities.

Other significant achievements in 2013 include:

- approval of country partnership strategies for India, the Kyrgyz Republic, Nepal, and Thailand;

- investment of $2 billion for water sector projects;investment of $644 million in education;

- approval of two electricity generation projects totaling $1.07 billion in Pakistan;

- $575 million in support for economic and social reforms and debt relief in Myanmar;

- and up to $275 million in loans to private companies in the People’s Republic of China to facilitate leases for “clean” buses.

In addition, ADB continued to boost its efficiency and effectiveness in 2013, introducing initiatives to improve business processes, cut waste, fight corruption, streamline procurement, strengthen staff skills, and enhance its presence in developing member countries.


Twitterfacebookprint
16:24 22.04.2014
LATEST NEWS
18:03 Population of Uzbekistan exceeds 31 million people17:30 Gold price makes $1,287.20 for ounce by September 1, dropping for $22.7 over a month17:28 Average pension in Kyrgyzstan amounts to 4,432 som17:26 List of products to be exported by Kyrgyzstan to Russia includes up to 50,000 tons of meat – Agriculture Minister17:20 143 cubic meters of garbage removed from Ala-Too Square after Independence Day celebrations17:17 Kyrgyz Culture Days held in Switzerland's Kriens17:10 81.2k employed at Kazakhstani enterprises in July 201417:07 Border Service of Kyrgyzstan recalls ordinary requirements for border crossing17:04 Economic growth deceleration continues in Q2 2014 in Kyrgyzstan16:53 Russia not to intervene militarily in Ukraine, says FM Lavrov16:47 YTD inflation grows up to 8.5% in Q2 2014 in Kyrgyzstan16:44 Over 2 thousand surveillance cameras to be installed in Bishkek within Safe City project16:42 Tajikistan Chamber of Commerce chair discusses prospects for cooperation with Kazakhstan's Ambassador16:32 Tajikistan to build universal sport complex in Dushanbe16:23 Kyrgyzpatent has announced campaign on fight against counterfeiting16:22 Kyrgyzstan, Urumqi discuss deepening of bilateral ties16:15 Kyrgyz State Communications Agency to increase mobile communication coverage up to 98% of country population in 201416:13 CIS Ministers of Internal Affairs meeting in Cholponata to discuss programs for combating crimes16:05 PM Otorbayev, PM Masimov discuss bilateral cooperation in Urumqi16:02 Two killed in New Zealand office shooting
Astana
+17° C
Ashgabat
+35° C
Bishkek
+31° C
Dushanbe
+26° C
Tashkent
+33° C
exchange rates
 
69.85
52.96
8.62
1.43
239.82
182.00
29.63
4.94
6.56
4.97
0.81
0.13
3127.51
2348.02
381.74
65.22
3.74
2.85
0.46
0.08

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75