Health and cost-of-living crises have disproportionately affected the poor and women in developing Asian countries, hurting their chances of long-term improvement. Higher inflation coupled with the COVID-19 pandemic pushed nearly 68 million people in Asia into extreme poverty...
With a simple trick, the Asian Development Bank will greatly increase its financial firepower. Is there a catch? Is the move a reaction to competition by China’s new development bank, asks Andreas Becker in Frankfurt....
Emerging economies in the Asia-Pacific region are losing steam, which has prompted the Asian Development Bank to sharply cut its growth forecast. The bank calls for more financial stability and reforms. Gross domestic product (GDP)...
