• ADB plans to invest US$100bn to maximize climate impact

    MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB) plans to invest US$100 billion of its own funds and work with the public and private sector to maximize its climate impact. With the region on the frontline of the...

  • Drought forces Panama Canal operator to cut ship traffic

    Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans, said Tuesday that it would gradually limit the number of daily crossings due to drought. Traffic will be reduced to 25 ships a day from Friday, down from 29, and...

  • ADB operations cross $20bn

    Financial results were published in ADB’s Annual Report 2022.

  • ‘Pain’ of Algerians banished to the Pacific

    Between 1864 and 1897, as French colonial troops advanced through Algeria, 2,100 people were tried by special or military courts and deported to New Caledonia.