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ADB, UK to develop $134m fund to catalyse green financing in SE Asia
The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to…
ADB extends $400m loan to help Philippine government provide efficient services
The Asian Development Bank (ADB) has approved a $400 million policy-based loan to the Philippines to help improve local governments’ capacity to provide high-quality public services, especially during the coronavirus…
COVID-19 Threatens Asia and Pacific’s Progress on SDGs, ADB Data Show
The coronavirus disease (COVID-19) pandemic is threatening Asia and the Pacific’s progress toward critical targets under the Sustainable Development Goals (SDGs), according to a new report by the Asian Development…
$500 Million ADB Loan to Procure COVID-19 Vaccines for Pakistan
The Asian Development Bank (ADB) today approved a $500 million loan to help the Government of Pakistan procure and deploy safe and effective coronavirus disease (COVID-19) vaccines and strengthen the…
ADB Provides $1M Grant to Cyclone Yasa-hit Fiji
Manila-based global lender Asia Development Bank (ADB) announced that it has approved $1 million grant to the Government of Fiji to help finance the government’s recovery efforts following Tropical Cyclone…
ADB Approves $231m Loan to Construct Hydroelectric Power in India
The Asian Development Bank (ADB) has approved a $231 million loan to construct the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assam, India. This loan is the third and…
ADB, Gojek to Initiate Research on Digitization, COVID-19 Impact on MSMEs
The Asian Development Bank (ADB) and Gojek, formally known as PT Aplikasi Karya Anak Bangsa, have signed a collaboration agreement to conduct joint research on the impact of digitization and…
ADB Approves $250m COVID Loan to Papua New Guinea
The Manila-based Asian Development Bank (ADB) has approved a $250-million loan to support Papua New Guinea’s response to the coronavirus disease (COVID-19) pandemic, according to the lender’s announcement. ADB said…
ADB Trims Growth Forecasts as Asia’s Biggest Economies Slow
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in China and India is weighed down by…
Philippines Gets $400m Loan from ADB to Empower Youth
The Asian Development Bank (ADB) is extending a $400-million policy-based loan to the Philippines to reduce the number of out-of-school and unemployed youth, according to a report by Business Reporter.…
ADB Nominates Xiaohong Yang Pakistan Director
The Asian Development Bank (ADB) is now waiting for clearance from Pakistan’s Foreign Office to finalize the appointment of China’s Xiaohong Yang as the new country director for Pakistan. Yang…