(CPV) - Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third on May 16th 2013, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.

(CPV) - Recognizing the power of information to shape better policies, guide development programs, and increase accountability, UN Secretary-General Ban Ki-moon along with leaders of six multilateral financial institutions announced today that they would strengthen inter-agency sharing and collaboration on issues related to data and statistical capacity building.

(CPV) - Takehiko Nakao has been unanimously elected President of ADB by its Board of Governors.

The US was shocked by a twin bombing in Copley square in the centre of Boston city, where tens of thousands of people and athletes from 96 countries were attending a marathon.

(CPV) - Asia-Pacific economies will see subdued growth in 2013 after last year’s sharp slowdown caused by external factors, the United Nations said here today, adding that efforts to stimulate demand must go hand in hand with macroeconomic course correction to promote broad-based and sustainable development.

(CPV) - Strong consumption and fiscal spending in the People’s Republic of China (PRC) will fuel a rebound in growth in 2013, but government steps to cool pressures on the environment and to narrow income gaps will limit the upside in 2014, says a new ADB report.

(CPV) - Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new ADB report.

(CPV) - Rising private consumption and stronger intraregional trade will spur a pickup in growth in developing Asia in 2013 and 2014, as economic activity in the US and Europe remains in the doldrums, ADB says in a major new report.

Syria’s political crisis has reached a turning point when President Bashar Al Assad’s government was voted out of the Arab League (AL) and Syria’s representative in the AL now is the opposition party.

(CPV) - Pacific growth eased to 7.3% in 2012―down from a post global financial crisis high of 8.3% in 2011. The report forecasts a further slowdown to 5.2% in 2013, before a mild pick up to 5.5% emerges in 2014.

The fifth summit of the emerging economies, BRICS, opened in Durban, South Africa, on March 26, aiming to chart a new course for common development goals.

(CPV) - ADB returned to the US dollar bond market yesterday with the pricing of a $2.5 billion, 3-year global benchmark bond issue, proceeds of which will be part of the Bank’s ordinary capital resources and used in its non-concessional operations.

(CPV) - More than 75% of the countries in Asia and the Pacific are experiencing a serious lack of water security, with many of them facing an imminent water crisis unless immediate steps are taken to improve management of water resources, says a new study prepared jointly by the Asian Development Bank (ADB) and Asia-Pacific Water Forum (APWF).

The tense relationship between the two Koreas has heightened following a series of tough words and actions from both sides. The situation on the Korean peninsula is dire and a clash appears unavoidable if both sides don’t calm down.

March 15 marks 2 years since the political crisis and violence began in Syria, claiming the lives of nearly 70,000 people and leaving more than 1 million homeless.

(CPV) - Emerging East Asia’s local currency bond markets continued to expand in 2012, signaling ongoing investor interest in the region’s fast-growing economies but also raising the risk of asset price bubbles, said ADB’s latest Asia Bond Monitor.

(CPV) - Companies operating in developing Asia lost out on nearly $425 billion in trade finance in 2011 alone, according to a new survey by ADB.

ASEAN senior economic officials have discussed a wide range of pressing issues and economic cooperation initiatives for 2013.

(CPV) - Five countries of South Asia – Bangladesh, Bhutan, the Maldives, Nepal, and Sri Lanka - could slash greenhouse gas emissions by a fifth by 2020 at little long-term cost by introducing a variety of clean technologies, according to a new study from ADB.

Against expectations, Iran and the P5+1 (the UN Security Council’s 5 permanent members plus Germany) made some progress during their two-day negotiations in Kazakhstan, sparking new hope of resolving a decade-long nuclear deadlock.