ADB projects that gross domestic product growth in 2019 for the People's Republic of China will moderate to 6.3% from 6.4%. The growth outlook for 2018 remains unchanged at 6.6%. Image credit: ADB.

PRC 2019 Growth Outlook Revised to 6.3%, 2018 Steady at 6.6% — ADB

HONG KONG, CHINA (26 September 2018) — Slower demand growth and an unfavorable trade environment has dampened the People’s Republic of China’s (PRC) growth outlook for 2019, although supply-side reform, strong service sector growth, as well as monetary and fiscal support will keep the PRC’s economy on track, according to a new report by the Asian Development Bank.

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Lao PDR Set for Moderate Growth in 2018 and 2019 — ADB

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (26 September 2018) — Economic growth for the Lao People’s Democratic Republic is expected to moderate in 2018, as agriculture and mining outputs are forecast to underperform, although an expansion in electricity generation, construction, and services will partially offset these adverse effects, according to a new Asian Development Bank report.

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ADB to Improve Environmental Services in Two GMS Corridor Towns in Lao PDR

VIENTIANE, LAO PEOPLE’S DEMOCRACTIC REPUBLIC (17 September 2018) — The Asian Development Bank’s Board of Directors has approved a $48 million grant to help improve urban environmental services and enhance economic connectivity in Paksan and Thakhek, two of the least developed towns along the Greater Mekong Subregion Central Corridor in the Lao People’s Democratic Republic.

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Lao PDR Deputy Minister of Finance Ms. Thipphakone Chanthavongsa (right) and ADB Country Director for Lao PDR Mr. Yasushi Negishi (left) after signing the grant agreement on 6 September 2018 in Vientiane. Senior officials from line ministries witnessed the signing.  

ADB, Lao PDR Sign Agreement to Promote Sustainable, Climate-Smart Agribusiness

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (7 September 2018) — The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement for a $40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.

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ADB President Mr. Takehiko Nakao (left) meeting with the PRC's Minister of Finance and ADB Governor Mr. Liu Kun (right).

ADB President Mr. Takehiko Nakao (left) meeting with the PRC's Minister of Finance and ADB Governor Mr. Liu Kun (right).

ADB President Visits the People's Republic of China, Reaffirms Partnership

BEIJING, PEOPLE’S REPUBLIC OF CHINA (29 August 2018) — Asian Development Bank President Takehiko Nakao and People’s Republic of China Minister of Finance and ADB Governor Liu Kun met during Mr. Nakao’s 2-day visit to the PRC, in which he reaffirmed ADB’s support for the country’s development priorities.  

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Thailand's Minister of Finance and ADB Governor Mr. Apisak Tantivorawong (left) and ADB Director General for Southeast Asia Mr. Ramesh Subramaniam (right). Photo: ADB.

ADB to Help Upgrade Highways, Improve Road Safety in Thailand

BANGKOK, THAILAND (4 July 2018) — The Asian Development Bank and the Government of Thailand today signed a $99.4 million loan agreement to help the country upgrade 125 kilometers of highways and improve road safety management in the country’s northeastern region.

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