In Short : The Asian Development Bank (ADB) project aims to catalyze a green transformation in Shanxi, People’s Republic of China (PRC). This initiative underscores the commitment to environmental sustainability in the region. By promoting green practices and investments, the project seeks to drive positive environmental change, reduce carbon emissions, and contribute to a more […]
The Asian Development Bank (ADB) and Maxwealth have inked a CNY 1 billion agreement aimed at broadening access to lease financing for Micro, Small, and Medium-sized Enterprises (MSMEs) in the People’s Republic of China (PRC)
ADB Appoints Bhargav Dasgupta as Vice-President for Market Solutions – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has appointed Bhargav Dasgupta as Vice-President (Market Solutions) for a period of 3 years. He will be responsible for management of the operations of ADB’s Private Sector Operations Department and Office of Markets Development and Public–Private Partnerships. Mr. Dasgupta is a financial industry leader with over 35 […]
ADB Approves Support to Expand Renewable Energy in Maldives – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a financing package of $50.5 million to expand renewable energy development in Maldives. The package consists of $41.5 million from the Asian Development Fund (ADF), an $8.5 million concessional loan from ordinary capital resources, and a $500,000 grant from the Climate Change Fund. The ADF […]
ADB, GreenYellow Sign Deal for Commercial and Industrial Rooftop Solar in Viet Nam – EQ
HO CHI MINH, VIET NAM : The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow), have signed a loan agreement of up to $13.8 million for rooftop photovoltaic (PV) solar systems to help increase the supply of clean and affordable energy for commercial and industrial consumers in Viet Nam. The loan […]
ADB, Deutsche Bank Sign Risk Sharing Agreement to Boost Supply Chain Financing in Asia – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) and Deutsche Bank have signed a risk participation agreement to enhance access to financing for small and medium-sized enterprises (SMEs) in Asia and the Pacific. The agreement was signed between ADB’s Trade and Supply Chain Finance Program (TSCFP) and Deutsche Bank AG through its Singapore branch. “Partnering […]
ADB Launches Grid-Connected Solar Photovoltaic Power Plant in Altai City, Mongolia – EQ
GOVI-ALTAI, MONGOLIA : The Asian Development Bank (ADB) and the Government of Mongolia has inaugurated a 10-megawatt solar photovoltaic power plant in Govi-Altai province. The new plant, Serven, will provide about 20 million kilowatt-hour energy annually and is estimated to cut 15,000 tons of carbon dioxide greenhouse gas emission per year during its lifetime. The […]
ADB Provides Support for Fiscal Reforms in Maldives – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved an $18.7 million policy-based grant for Maldives to help the country strengthen its fiscal management and create a pathway to restore fiscal sustainability over the medium to long term. The Strengthening Fiscal Management and Sustainability Program supports structural fiscal reforms until 2025 by focusing on […]
ADB Supports Development of Technical and Vocational Education in Bhutan – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $30 million loan to improve Bhutan’s technical and vocational education and training (TVET) system and enhance the skills and employability of its youth. “Against the rising youth unemployment in Bhutan, ADB is ramping up support for the country’s TVET reform strategic plan implementation for […]
Asian Development Bank (ADB) and Fourth Partner Energy Collaborate for 25 MW Solar Power Plant in Tamil Nadu – EQ
NEW DELHI : The Asian Development Bank (ADB) and Fourth Partner Energy Private Limited (Fourth Partner) signed a long-term loan of up to 1.2 billion Indian rupees (about $14.7 million) to construct and operate a 25-megawatt solar photovoltaic-based power plant to increase clean and low-cost energy supply to commercial and industrial customers. The power plant, […]
