ADB Provides FJD 2 Million Grant to Fiji After Cyclone Yasa

The FINANCIAL--The Asian Development Bank (ADB) today approved a $1 million (about 2 million Fijian dollars) grant to the Government of Fiji to help fund priority recovery activities following Tropical Cyclone Yasa, which hit Fiji on 17–18 December.…

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ADB and Luxembourg discuss boosting partnership

The FINANCIAL — Asian Development Bank (ADB) President Masatsugu Asakawa and Luxembourg Minister of Finance and ADB Governor Pierre Gramegna in a call today discussed the ADB–Luxembourg partnership in Asia and the Pacific and responses to the coronavirus disease (COVID-19) pandemic. “ADB…

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ADB propses 5 ways to restore tourism in Central Asia

The FINANCIAL — From the snowy peaks of the Pamir mountains to the vast wilderness of the Karakum desert, Central Asia is a region of astonishing natural beauty and historical significance. In recent years, the region has emerged as a rising tourism…

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ADB increased operations in PNG by $1 bln

The FINANCIAL — The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming…

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Georgia’s GDP declined by 5.3% in August 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the…

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ADB maintains Georgia’s growth outlook at 4.5% for next year

The FINANCIAL — A new Asian Development Bank (ADB) report, the Asian Development Outlook 2020 Update said that Georgia is forecast to return to the economic growth of 4.5 percent in 2021 thanks to expected recoveries in tourism, private consumption, investment, and net…

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