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 […]
ADB Sells $4 Billion 5-Year Global Benchmark Bond – EQ
In Short : The Asian Development Bank (ADB) issued a $4 billion five-year global benchmark bond with a 4.50% coupon, maturing August 2028. Priced at 99.961%, it yields 14.6 basis points over U.S. Treasuries. The issuance saw broad global demand: 53% EMEA, 29% Americas, 18% Asia. ADB plans to raise $28–30 billion from capital markets […]
ADB, Huaneng Tiancheng Sign Loan to Support Distributed Wind Energy Projects in PRC – EQ
In Short : The Asian Development Bank has signed a $75 million loan agreement with Huaneng Tiancheng Financial Leasing to fund distributed wind energy projects in China. The project aims to expand clean energy, reduce emissions, and support China’s climate goals. With a total cost of $150 million, it promotes sustainable development through low-risk, environmentally […]
ADB Launches New Partnership Strategy to Support Mongolia’s Diversified, Inclusive, and Sustainable Growth – EQ
In Short : The Asian Development Bank launched a new Country Partnership Strategy for Mongolia, focusing on inclusive growth, climate-resilient infrastructure, and green development. Aligned with Mongolia’s Vision 2050, it supports social services, rural development, and private sector engagement. ADB also approved a \$100 million loan to advance climate action and policy reforms, fostering sustainable […]
ADB, Indonesia Achieve Milestone in Local Currency Loan Conversions – EQ
In Short : The Asian Development Bank and Indonesia have converted 27 sovereign loans into rupiah, reducing reliance on foreign currencies. This move enhances financial stability, minimizes exchange rate risks, and supports local capital market development. It aligns with ADB’s broader push for local currency financing across Asia, aiming to promote sustainable growth and attract […]
ADB Reaches Record $8.7 Billion in Nonsovereign Cofinancing in 2024 – EQ
In Short : The Asian Development Bank (ADB) achieved a record \$8.7 billion in nonsovereign cofinancing in 2024, a 26% increase from the previous year. Key growth areas included transaction advisory services, up by 369%, and the Trade and Supply Chain Finance Program, totaling \$2.9 billion. ADB’s efforts focused on SMEs, financial inclusion, sustainable infrastructure, […]
Uzbekistan to Host 59th ADB Annual Meeting in 2026 – EQ
In Short : Uzbekistan will host the 59th Annual Meeting of the Asian Development Bank (ADB) from May 3 to 6, 2026, in Samarkand. This marks Uzbekistan’s second time hosting, following Tashkent in 2010. The event will highlight regional cooperation and sustainable development, bringing together finance ministers, central bank governors, private sector leaders, and civil […]
ADB Welcomes Türkiye as Regional Member – EQ
In Short : The Asian Development Bank (ADB) has welcomed Türkiye as a regional member, transitioning from non-regional status since 1991. This move, announced during ADB’s 58th Annual Meeting, enhances engagement in Central and West Asia. Türkiye now gains access to ADB’s resources and support, with a focus on resilience, connectivity, sustainable infrastructure, and financial […]