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Sunday, 19 November 2017

Asian Development Bank 2017

A special report with IFR Asia magazine 988 (April 22 2017)

A dock worker sits next to shipping containers at the main Sri Lankan port in Colombo.

Asian Development Bank: Mobilising resources

IFR Asia - Asian Development Bank 2017

Yokohama is an apt setting for the Asian Development Bank’s 50th anniversary meeting. The Japanese port city was one of the earliest to open to international trade, and one of the first beneficiaries of infrastructure financing that combined public and private resources at home and overseas.

ADB President Takehiko Nakao answers questions from the international media at the opening press conference of the 49th Annual Meeting of the ADB Board of Governors in Frankfurt, Germany.

Learn before teaching

IFR Asia - Asian Development Bank 2017 By Steve Garton

ADB President Takehiko Nakao explains how the bank can use its 50 years of experience to meet Asia’s needs in a changing landscape for multilateral lenders.

ADB funding team set for record year

IFR Asia - Asian Development Bank 2017 By Steve Garton

The ADB’s funding team is well on the way to its busiest year in the capital markets. The bank expects to issue a total of US$25bn–$30bn in 2017, up from US$20.6bn last year.

Mobilising concessional funds

IFR Asia - Asian Development Bank 2017 By Steve Garton

For all the hype around the arrival of new multilateral lenders, concessional funding for Asian development is running scarce. Slow economic growth in much of the developed world has eaten into governments’ discretionary funding, and the migrant crisis in Europe has diverted some commitments closer to home. Asia’s growing prosperity is also leading many donors to prefer Africa and other regions where they feel their aid dollars can have more of an impact.

A labourer installs an attachment to an electricity pylon in Anqing, Anhui province.

Sharing the risk

IFR Asia - Asian Development Bank 2017 By Steve Garton

Efforts to connect institutional investors with greenfield infrastructure projects have so far yielded few results, but the ADB and others are banking on new schemes to help share the burden.

Sustainable bonds draw a crowd

IFR Asia - Asian Development Bank 2017 By Steve Garton, Takahiro Okamoto

Socially responsible investment is catching on in Asia’s capital markets, opening new opportunities for global and local companies to broaden their funding sources.

A group who identified themselves as China-U.S. Enterprise wait to view the motorcade of Chinese President Xi Jinping before his meeting with US President Donald Trump at Palm Beach International Airport in West Palm Beach, Florida.

Nouveaux riches

IFR Asia - Asian Development Bank 2017 By Steve Garton

Asia’s growing pool of homegrown capital is taking on new significance at a time when policy uncertainty looms over global money flows.

A trader from BGC, a global brokerage company in London’s Canary Wharf financial centre reacts during trading June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum.

Shock treatment

IFR Asia - Asian Development Bank 2017 By Steve Garton

Asia has benefited from a relatively benign global backdrop in recent years, and is on track to grow at close to 6% again in 2017. Global risks, however, are rising after the UK’s decision to exit the European Union and the arrival of a new US administration.

The largest container ship in world, CSCL Globe, docks during its maiden voyage, at the port of Felixstowe in south east England.

Steady as she goes

IFR Asia - Asian Development Bank 2017 By Steve Garton

Fears of a hard landing for China’s economy are off the table after the latest official GDP data pointed to a 6.9% expansion. But are investors right to ignore the risks?

China gathers friends for Silk Road summit

IFR Asia - Asian Development Bank 2017 By Ben Blanchard

(Reuters) China will gather its friends and allies together for its biggest diplomatic event of the year in May, a summit on its New Silk Road plan, with most Asian leaders due to attend but only one from a G7 nation, the Italian prime minister.

An employee works on an assembly line of Honda Motorcycle & Scooter India during a media tour to the newly inaugurated second assembly line at the manufacturing plant in Vithalapur in the western state of Gujarat, India.

Restarting the engine

IFR Asia - Asian Development Bank 2017 By Steve Garton

A weak banking sector and a hangover of failed infrastructure projects have challenged Narendra Modi’s bid to revive capital expenditure, but there are signs that the capital markets are helping revive the investment cycle.

Foreign exchange dealers rest under an electronic board displaying the Japanese yen’s exchange rate against the U.S. dollar at a trading room in Tokyo.

Sleeping Samurais

IFR Asia - Asian Development Bank 2017 By Takahiro Okamoto

Few Asian borrowers have been able to take advantage of cheap yen funding following Japan’s move into negative interest rates last year, but the market is opening up as Japanese institutions look for ways to boost their returns.