In Short : The Asian Development Bank (ADB) collaborates with the Foreign Trade Bank of Cambodia to bolster support for Micro, Small, and Medium-sized Enterprises (MSMEs) through trade and supply chain finance initiatives in Cambodia. In Detail : PHNOM PENH, CAMBODIA : The Foreign Trade Bank of Cambodia (FTB) has joined the Asian Development Bank’s […]
ADB Appoints Mio Oka as Country Director for India – EQ
In Short : The Asian Development Bank (ADB) appointing Mio Oka as the Country Director for India signifies a key leadership role in the bank’s operations related to India. This appointment reflects the ADB’s focus on effectively managing its activities and fostering partnerships for development initiatives in the country, including projects related to renewable energy, […]
ADB Issues its Largest Local Currency Green Bond in Indian Rupees – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year. The bond is […]
ADB Commits Record Climate Finance of Almost $10 Billion in 2023 – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet. ADB committed $9.8 billion in climate finance from its own resources last year—$5.5 […]
ADB, SAEL Industries Sign 12.23 Billion Indian Rupee Deal for a 400 MW Solar Power Plant in Gujarat India
ADB, SAEL Industries Sign 12.23 Billion Indian Rupee Deal for a 400 MW Solar Power Plant in Gujarat India NEW DELHI, INDIA (24 January 2024) — The Asian Development Bank (ADB) and SAEL Industries Limited, through its subsidiary SAEL Solar P4 Private Limited, have signed a loan of up to 12.23 billion Indian rupees (about […]
ADB, BII Launch New Green Trade Finance Partnership for Asia and The Pacific – EQ
In Short : The Asian Development Bank (ADB) and Bank Internasional Indonesia (BII) have jointly launched a new Green Trade Finance Partnership for Asia and the Pacific. This initiative aims to promote environmentally sustainable trade and contribute to green financing practices across the region, fostering a more sustainable and resilient economy. In Detail : MANILA, […]
Mongolia, ADB Sign Project to Spur Green and Inclusive Agribusiness – EQ
In Short : Mongolia and the Asian Development Bank (ADB) have entered into a project agreement aimed at fostering green and inclusive agribusiness. This collaboration underscores their commitment to sustainable practices and the promotion of environmentally friendly and inclusive initiatives in the agricultural sector. In Detail : ULAANBAATAR, MONGOLIA : The Government of Mongolia and […]
ADB Supports Indonesia’s First Social Bond and Sukuk Issuance – EQ
In Short : The Asian Development Bank (ADB) is backing Indonesia’s inaugural social bond and sukuk issuance. This initiative aligns with ADB’s commitment to supporting socially impactful projects in Indonesia, facilitating the country’s sustainable development through innovative financing mechanisms like social bonds and sukuk. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) […]
ADB Sells $5 Billion Dual Tranche 3- and 10-Year Global Benchmark Bonds – EQ
In Short : ADB successfully sells $5 billion dual-tranche global benchmark bonds with maturities of 3 and 10 years. This issuance underscores investor confidence in ADB’s creditworthiness and contributes to funding development projects across the Asia-Pacific region. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) yesterday priced a 3-year global benchmark United […]
ADB Marks $1.43 Billion in 2023 Sovereign Operations in PRC – EQ
In Short : In 2023, the Asian Development Bank (ADB) recorded $1.43 billion in sovereign operations within the People’s Republic of China. These operations encompass various development sectors, such as infrastructure and poverty reduction, contributing to the nation’s economic progress. In Detail : BEIJING, PEOPLE’S REPUBLIC OF CHINA : The Asian Development Bank (ADB) and […]