ADB Forecasts Developing Asia's Economies to Grow 4.9% in 2024

ADB Forecasts Developing Asia's Economies to Grow 4.9% in 2024

Economies in Asia and the Pacific are forecast to expand this year as the region continues its resilient growth amid robust domestic demand, according to ADB's flagship economic report.

Policymakers, however, should monitor several risks. Escalating conflicts and geopolitical tensions could disrupt supply chains and amplify commodity price volatility. Uncertainty about US monetary policy, property market stress in the People's Republic of China, and the effects of adverse weather are other challenges for the region. Visit our website to learn more.


FOOD SECURITY

ADB Passes Half-Way Mark in $14 Billion Food Security Commitment

In response to food security challenges brought by climate change and biodiversity loss in the region, in 2022 ADB announced it would invest $14 billion over a 4-year period. As of the end of 2023, the bank had already committed $7.6 billion, or about 52%, of the total allocation.

Learn how the bank is scaling up operations to ease food security challenges in the region.


BLOG | AGRICULTURE AND FOOD SECURITY

How AI Can Transform Agriculture for Food Security and Sustainability

With climate change wreaking havoc on food systems, the need for sustainable agricultural practices has never been more urgent.?

In their recent blog, ADB's Stephanie King-chung Hung and Yasmin Siddiqi discuss how Innovative AI solutions can transform farming practices, enhancing efficiency and resilience.


VIDEO OF THE WEEK | CLIMATE CHANGE

Accelerating Green Infrastructure in Southeast Asia

Launched in 2019, the ACGF provides funding to de-risk projects for environmental and inclusive infrastructure in Southeast Asia. It also provides technical assistance for projects as well as knowledge services on green and innovative financing opportunities.


ANNUAL MEETING

Register Now for ADB Annual Meeting in Tbilisi, Georgia

ADB's Annual Meeting is a unique opportunity for governments, civil society, the private sector, academia, and youth to engage in focused discussions on development issues and challenges facing Asia and the Pacific.

Visit our website to learn more and register.


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Gopabandhu Satapathy

Chartered Accountant at G.Satapathy and Company, Chartered Accountants

7 个月

Thanks for sharing Regards

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I'm interested

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Asif Amin Farooqi

Chairman / Former President of Executive Committee in the Pakistan Association of the Deaf

7 个月

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Asif Amin

Education/Finance Director at CENTER OF EXCELLENCE FOR THE DEAF

7 个月

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Horst Harbers

CEO and Founder at OptiCat R2V Pte Ltd

7 个月

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