In Short : An independent evaluation has called for a strategic shift in the Asian Development Bank’s (ADB) engagement with Kazakhstan. The report recommends focusing on green growth, innovation, and private sector partnerships. It highlights the need for sustainable development strategies that align with Kazakhstan’s economic diversification goals and evolving regional dynamics to enhance long-term […]
ADB’s $82.5 Million Reform Program to Accelerate Cambodia’s Energy Transition – EQ
In Detail : The Asian Development Bank (ADB) has approved an $82.5 million reform program to accelerate Cambodia’s energy transition. The initiative aims to expand renewable energy capacity, enhance power sector efficiency, and reduce carbon emissions. It will strengthen policy reforms, attract private investments, and promote sustainable, affordable electricity to support Cambodia’s long-term economic growth […]
ADB’s Mr. Kanda Backs Pakistan’s Reforms, Green Transition, and $410M Reko Diq Project During 3-Day Visit – EQ
In Short : Mr. Kanda concluded a three-day visit to Pakistan, meeting Prime Minister Shehbaz Sharif and top officials to discuss reforms, investments, and critical minerals. He highlighted ADB’s $410 million financing for the Reko Diq Mining Project, signaling a return to mining after 40 years. His visit also included engagements in social welfare, education, […]
ADB’s New Operating Model Offers Opportunity to Accelerate Change, but Greater Clarity and Responsiveness Needed: Independent Evaluation Report – EQ
In Short : An independent evaluation report on the Asian Development Bank’s new operating model highlights its potential to drive significant institutional change. While the model aims to enhance development impact and adaptability, the report stresses the need for greater clarity in roles and improved responsiveness. Strengthening coordination and aligning operations with evolving regional priorities […]
ADB’s Private Sector Operations Double Climate Financing as Transactions Hit New High – EQ
In Short : The Asian Development Bank’s (ADB) private sector operations have doubled climate financing, achieving a new high in transactions. This increase underscores ADB’s commitment to addressing climate change by mobilizing private sector investments in sustainable and climate-resilient projects. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) doubled to $1 billion […]
ADB’s capital management reforms have unleashed $100 billion in new funding over the next decade, bolstering support for development projects across Asia and the Pacific region – EQ
In Short : ADB’s capital management reforms are set to unlock $100 billion in new funding over the next decade, bolstering support for development initiatives across Asia and the Pacific. This substantial funding signifies ADB’s commitment to promoting economic growth, sustainability, and infrastructure development in the region. The increased financial resources will enable ADB to […]
Update on ADB’s Energy Transition Mechanism – April 2023 – EQ Mag
Significant progress is continuing with ADB’s ETM pilot countries: Indonesia, the Philippines, Viet Nam, and now Pakistan and Kazakhstan. ADB is working extensively with stakeholders in each of the countries on their pre- and full-feasibility studies, including on safeguards and ensuring a just transition. The studies hope to ultimately identify coal and other fossil fuel […]
Coal-dependent Mongolia’s first solar-plus-storage project will use NGK’s sodium-sulfur batteries
NGK Insulators responded to a request for more info from Energy-Storage.news and confirmed that the NAS battery storage system will be sited at the 5MW Uliastai solar PV project which is included in the ADB’s Upscaling Renewable Energy Sector project for Mongolia. According to an October 2020 Procurement Plan published by the development bank, the […]
