In Short – The Asian Development Bank (ADB) successfully issued a $3.5 billion 2-year global benchmark bond. This significant issuance supports ADB’s mission to promote social and economic development in Asia. The bond attracted diverse investor participation, reflecting confidence in ADB’s creditworthiness and the region’s growth prospects. Proceeds will fund projects aimed at sustainable development […]
ADB to Support Sustainable Development of Sikkim’s Power Distribution Sector – EQ
In Short : The Asian Development Bank (ADB) will support the sustainable development of Sikkim’s power distribution sector. This initiative aims to enhance the region’s energy infrastructure, improve efficiency, and promote reliable and sustainable electricity access, contributing to Sikkim’s overall development. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a […]
$5 Billion Asian Development Fund Replenishment Agreed to Support Most Vulnerable in Asia and Pacific – EQ
In Short : A $5 billion replenishment for the Asian Development Fund has been agreed upon to aid the most vulnerable in Asia and the Pacific. This support underscores a commitment to addressing crucial development challenges in the region. In Detail : TBILISI, GEORGIA : Donors and the Asian Development Bank (ADB) have agreed to […]
Cooperation can Cut Carbon Footprint of Trade in CAREC Region – EQ
In Short : “Collaborative efforts can significantly reduce the carbon footprint of trade in the CAREC region, highlighting the importance of cooperation in achieving sustainable development goals and mitigating environmental impact.” In Detail : TBILISI, GEORGIA : Closer cross-border collaboration and reforming trade policies in Central Asia and its neighbors can cut the carbon footprint […]
ADB Vice-President Meets Nepal Prime Minister, Reaffirms Support for Private Sector Growth and Climate Initiatives – EQ
In Short – The ADB Vice-President recently met Nepal’s Prime Minister, affirming backing for private sector expansion and climate endeavors. This collaboration aims to bolster Nepal’s economy through private sector development while prioritizing sustainable environmental practices. Such initiatives signify a concerted effort toward fostering economic resilience and environmental sustainability in the region. In Details […]
ADB operations reach $23.6 billion in 2023, achieve record climate finance of $9.8 billion – EQ
In Short – In 2023, ADB’s operations soared to $23.6 billion, marking a significant milestone. Notably, the institution achieved a record climate finance of $9.8 billion, underscoring its commitment to addressing climate change. These investments reflect ADB’s proactive approach towards sustainable development, supporting projects that promote environmental resilience and low-carbon growth across the Asia-Pacific region. […]
ADB Operations Reach $23.6 Billion in 2023, Achieve Record Climate Finance – EQ
In Short : “ADB operations reach $23.6 billion in 2023, achieving a record in climate finance, signaling a significant commitment to addressing climate change and promoting sustainable development in the Asia-Pacific region.” In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) committed $23.6 billion from its own resources in 2023, including $9.8 billion […]
ADB, Buskowitz Sign $12 Million Deal for Commercial and Industrial Rooftop Solar in the Philippines – EQ
In Short : “ADB and Buskowitz sign a $12 million deal to promote commercial and industrial rooftop solar projects in the Philippines, aiming to accelerate the adoption of renewable energy and foster sustainable development in the region.” In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) and Buskowitz Solar Inc., a subsidiary of […]
Multilateral Development Banks Deepen Collaboration to Deliver as a System – EQ
In Short : Multilateral Development Banks (MDBs) are intensifying their collaboration efforts to operate more cohesively and effectively as a unified system. This strategic move aims to maximize their collective impact on global development initiatives. In Detail : WASHINGTON, DC : The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work […]
ADB Readies ASEAN Climate Finance Policy Platform – EQ
In Short : ADB prepares to launch the ASEAN Climate Finance Policy Platform, aimed at facilitating discussions and collaborations among ASEAN countries to address climate finance challenges and opportunities in the region. In Detail : LUANG PRABANG, LAO PEOPLE’S DEMOCRATIC REPUBLIC : The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy […]