In Short : The Asian Development Bank has appointed Yevgeniy Zhukov as Director General for Climate Change and Sustainable Development. Previously leading ADB’s Central and West Asia Department, Zhukov will now oversee climate finance, adaptation strategies, and sustainability integration across Asia-Pacific. His appointment highlights ADB’s growing emphasis on climate action and building resilience into regional […]
ADB and GCF Partner to Launch Clean Energy Financing Program in India – EQ
In Short : The Asian Development Bank and Green Climate Fund have launched a \$200 million India Green Finance Facility to boost clean energy investments. Targeting green hydrogen, round-the-clock renewables, biogas, and rural e-mobility, the program will channel funds through Indian DFIs. It includes a \$65 million credit guarantee to support smaller developers and aligns […]
ADB and AFD Expand Partnership with $6 Billion Cofinancing Target – EQ
In Short : The Asian Development Bank (ADB) and French Development Agency (AFD) have doubled their co-financing target to \$6 billion for 2025–2028. The expanded partnership will support clean energy, transport, and nature-based projects in Asia-Pacific. Having already mobilized \$4.64 billion since 2022, ADB and AFD aim to accelerate low-carbon growth and boost climate resilience […]
ADB Approves $400 Million for Resilient, Inclusive Development in Bangladesh – EQ
In Short : The Asian Development Bank has approved \$400 million to support Bangladesh’s climate-resilient and inclusive development. The funding, part of the CRID Subprogram 2, will advance climate adaptation, green growth, and disaster resilience. Co-financed by AIIB, the program strengthens policies aligned with Bangladesh’s National Adaptation Plan, aiming to enhance environmental sustainability, institutional reforms, […]
ADB Launches New 5-Year Strategy for Economic Transformation in Nepal – EQ
In Short : The Asian Development Bank has unveiled a new 5-year Country Partnership Strategy (2025–2029) for Nepal, targeting sustainable, inclusive, and climate-resilient growth. With annual support of $500–600 million, the plan focuses on green infrastructure, private sector development, education, and institutional reform. It aims to boost economic transformation through renewable energy, connectivity, agri-commercialization, and […]
ADB Approves $109.97 Million Loan to Boost Advanced Skills and Employability in Gujarat – EQ
In Short : The Asian Development Bank has approved a $109.97 million loan to enhance advanced skills and employability in Gujarat. The initiative aims to modernize technical and vocational education, align training with industry demands, and improve job prospects for youth. It will also focus on inclusivity by supporting women and underserved communities, boosting Gujarat’s […]
ADB Supports Resilient Infrastructure Development in Eastern Thailand – EQ
In Short : The Asian Development Bank is supporting resilient infrastructure in Eastern Thailand’s Eastern Economic Corridor. Key projects include extending Intercity Motorway No. 7 and developing a 2,500 MW gas power plant in Rayong. These initiatives focus on climate resilience, energy security, and inclusive growth, aligning with Thailand’s sustainable development goals and boosting economic […]
Union Minister Shri Manohar Lal meets Mr. Masato Kanda, President Asian Development Bank (ADB) – EQ
In Short : Union Minister Shri Manohar Lal met ADB President Masato Kanda to strengthen India-ADB collaboration in urban development, transport, housing, and energy. Discussions focused on sustainable urbanization, multimodal transit systems, and power infrastructure. They aligned on investment strategies for India’s 2047 vision. Kanda reaffirmed ADB’s support for India’s growth and praised its urban […]
ADB President Reaffirms Strong Support for Regional Cooperation and Integration at BIMP-EAGA and IMT-GT Summits – EQ
In Short : At the BIMP-EAGA and IMT-GT Summits, ADB President Masatsugu Asakawa reiterated strong support for regional cooperation and integration. He highlighted ADB’s role in enhancing connectivity, trade, and sustainable growth across Southeast Asia. ADB remains committed to fostering inclusive development and deeper economic ties through its continued partnership with subregional cooperation programs. In […]
ADB Breaks New Ground with Surging Private Sector Operations – EQ
In Short : The Asian Development Bank (ADB) is expanding private sector operations, marking a strategic shift toward mobilizing private capital for sustainable development. Recent growth in loans, equity, and partnerships supports sectors like clean energy, healthcare, and infrastructure. This move aligns with ADB’s Strategy 2030, aiming to boost inclusive, resilient growth across Asia and […]