In Short : The Asian Development Bank has established a resident mission in the Solomon Islands to strengthen project delivery and support development efforts. Upgrading its Honiara office, ADB aims to improve coordination and decision-making. Its current portfolio includes 16 projects worth $414 million, with 13 more projects valued at $213 million planned from 2025 […]
ADB Provides Infrastructure for Ethnic Minorities in Phu Yen and Quang Tri – EQ
In Short : The Asian Development Bank is funding a $72 million project to improve infrastructure for ethnic minorities in Vietnam’s Phú Yên and Quảng Trị provinces. The project includes upgrading 133 km of roads, enhancing water supply, and improving climate data systems. It aims to boost climate resilience and benefit 363,000 people, including 187,000 […]
ADB President Affirms Support for ASEAN and Accelerated Action on ASEAN Power Grid – EQ
In Short : ADB President Masatsugu Asakawa reaffirmed support for the ASEAN Power Grid at the ASEAN Finance Ministers meeting, pledging $10 billion for cross-border and national grid projects. An additional $27 billion will support the region’s energy transition. The initiative aims to boost energy security, enable power trade, and drive sustainable development across Southeast […]
ADB Invests $20 Million in ABC Impact Fund II to Drive Sustainable Development in the Region – EQ
In Short : The Asian Development Bank (ADB) has invested $20 million in ABC Impact Fund II to support sustainable development across Asia. The $600M fund targets clean energy, inclusive finance, healthcare, and sustainable food systems. Backed by major investors, including Temasek, the fund will aid innovative companies like Aye Finance and DCDC Kidney Care […]
ADB Forecasts Moderate Growth in the Lao PDR – EQ
In Short : The Asian Development Bank forecasts 4.0% GDP growth for Lao PDR in 2024 and 2025, driven by tourism, transport, and logistics. However, challenges like high inflation—20% in 2024 and 7% in 2025—and unsustainable debt threaten economic stability. ADB stresses the need for structural reforms to address macroeconomic imbalances and ensure long-term growth. […]
Tajikistan Economy to Grow 7.4% in 2025, Digital Transformation Crucial for Sustainable Development — ADB – EQ
In Short : The Asian Development Bank forecasts Tajikistan’s economy to grow by 7.4% in 2025, driven by strong domestic demand and public investment. ADB highlights digital transformation as essential for sustainable development, urging investments in digital infrastructure, education, and innovation to enhance productivity, services, and resilience, ultimately supporting long-term economic growth and social inclusion […]
ADB Approves $85.4 Million Loan to Boost Industrial Growth in Tripura – EQ
In Short : The Asian Development Bank has approved an $85.4 million loan to enhance industrial infrastructure in Tripura, India. The project will upgrade transport, electricity, water, and sanitation facilities across industrial estates, aiming to boost manufacturing competitiveness, attract investment, and generate jobs. It forms part of broader efforts to support Tripura’s economic development through […]
ADB Signs MOU with AIIB, Azerbaijan, Kazakhstan, and Uzbekistan to Support Feasibility Study for Caspian Green Energy Corridor – EQ
In Short : The Asian Development Bank, AIIB, and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed an MOU to support a feasibility study for the Caspian Green Energy Corridor. The project aims to enhance cross-border green energy trade, interconnect regional power systems, and promote sustainable energy transmission from Central Asia to Europe, fostering […]
ADB Issues Largest Panda Bonds – EQ
In Short : The Asian Development Bank (ADB) issued its largest-ever Panda Bond, raising CNY8.3 billion ($1.15 billion) with a 1.81% coupon. The three-year bond attracted strong investor demand, supporting ADB’s development projects in Asia-Pacific. This issuance highlights ADB’s commitment to sustainable financing and reinforces the growing role of Panda Bonds in global development funding. […]
ADB and Shriram Finance Sign Deal to Boost MSME and EV Financing in India – EQ
In Short : Karan Mitroo, a seasoned Banking & Finance Partner at Luthra and Luthra Law Offices India, has moved to J. Sagar Associates (JSA). Known for his expertise in banking, capital markets, and infrastructure, Mitroo’s transition marks a significant lateral move in the legal industry. His addition is expected to strengthen JSA’s banking and […]