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 […]
AFRICA: Proparco Invests $10 Million in Solar Kit Supplier d.light
The solar home systems supplier d.light has just raised $10 million from Proparco, the subsidiary of the French Development Agency (AFD) group responsible for private sector financing. d.light will use this investment to develop its activities worldwide, particularly in Africa. Proparco enters the capital of d.light. The subsidiary of the French Development Agency (AFD) group […]
ADB, AFD Reaffirm Strong Cooperation in Key Sectors, Including Climate Action
MANILA, PHILIPPINES : Asian Development Bank (ADB) President Masatsugu Asakawa in a call today with Agence Française de Développement Group (AFD) Chief Executive Officer Rémy Rioux reaffirmed the importance of collaboration between the two institutions, particularly on key issues such as climate change and aspirations for COP26. “ADB’s partnership with France, through AFD, is strong […]
