In Short : The Asian Development Bank (ADB) reports that global demand for trade finance is expected to increase significantly as companies diversify and realign supply chains in response to geopolitical shifts and trade tensions. The ADB’s latest survey reveals a persistent $2.5 trillion trade finance gap, highlights rising interest in local currency financing, and […]
In Short : The Asian Development Bank (ADB) stresses that Asia and the Pacific must urgently upgrade power grids to drive the energy transition. Aging infrastructure hampers renewable integration and energy security. ADB supports regional initiatives like the ASEAN Power Grid and funds policy reforms. Without major investments, the region risks missing climate goals and […]
MANILA, PHILIPPINES : A new report by the Asian Development Bank (ADB) shows improvements in Pacific women’s economic empowerment but warns closing the gender gap will be critical to driving long-term inclusive and sustainable economic growth. The report, Women’s Economic Empowerment in the Pacific Region: A Comprehensive Analysis of Existing Research and Data, was released […]