In Short : The Asian Development Bank has launched a High-Level Advisory Group at the World Economic Forum in Davos to strengthen private sector engagement in Asia and the Pacific. Comprising global business and financial leaders, the group will advise ADB on mobilizing private capital, reducing investment risks, and scaling sustainable development projects across emerging […]
Asia and the Pacific Needs Grid Upgrade to Drive Energy Transition, says ADB Report – EQ
In Short : The Asian Development Bank (ADB) stresses that Asia and the Pacific must urgently upgrade power grids to drive the energy transition. Aging infrastructure hampers renewable integration and energy security. ADB supports regional initiatives like the ASEAN Power Grid and funds policy reforms. Without major investments, the region risks missing climate goals and […]
ADB Deploys Almost $40 Billion for Development Across Asia and the Pacific in 2024 – EQ
In Short : In 2024, the Asian Development Bank (ADB) deployed nearly $40 billion to boost development across Asia and the Pacific. The funding supports climate action, infrastructure, health, education, and digital transformation. It also enhances private sector investment and regional cooperation, while aiding post-pandemic recovery and disaster resilience, reflecting ADB’s commitment to sustainable and […]