In Short : The Asian Development Bank (ADB) launched an initiative to build resilience to the impacts of melting glaciers in Asia, particularly in the Himalayan region. The initiative focuses on regional cooperation, climate adaptation, disaster preparedness, and sustainable livelihoods. It aims to mitigate risks like water scarcity and flooding while supporting local communities and […]
ADB Financing to Promote Green Development, Drinking Water Security in Nepal – EQ
In Short : The Asian Development Bank (ADB) supports green development and drinking water security in Nepal through financing projects focused on clean energy, climate adaptation, and sustainable water management. ADB funds infrastructure for renewable energy, water supply, and sanitation, while promoting climate resilience and capacity-building. These initiatives aim to improve water security, enhance environmental […]
ADB, Partners Signal Commitment to Climate Change Action at COP29 Event for IF-CAP – EQ
In Short : At COP29, the Asian Development Bank (ADB), alongside its partners, reaffirmed their commitment to combating climate change through the Innovative Finance for Climate Action Partnership (IF-CAP). This initiative aims to accelerate climate financing, particularly in Asia and the Pacific, by leveraging innovative financial tools and mobilizing both public and private investments. The […]
Multilateral Development Banks to Boost Climate Finance – EQ
In Short : Multilateral Development Banks (MDBs) are crucial for boosting climate finance, particularly in developing countries. By leveraging resources, mitigating risks, and providing technical support, MDBs help mobilize large-scale investments for climate adaptation and mitigation projects. Their efforts align with global goals like the Paris Agreement, though challenges remain, including funding gaps and the […]
CAREC Ministers Endorse Climate Change Action Plan and 2030 Strategic Priorities, Launch Regional Climate Fund – EQ
In Short : The Ministers of the Central Asia Regional Economic Cooperation (CAREC) have endorsed a comprehensive Climate Change Action Plan and 2030 Strategic Priorities to address regional climate challenges. The plan focuses on climate adaptation, renewable energy, and sustainable development. Additionally, a Regional Climate Fund was launched to support climate resilience projects and facilitate […]
ADB to Help Maldives Strengthen Climate Resilience, Food Security – EQ
In Short : The Asian Development Bank (ADB) is supporting the Maldives in strengthening climate resilience and food security through projects focused on coastal protection, sustainable agriculture, and fisheries management. ADB provides financial assistance, technical expertise, and capacity building to enhance climate adaptation, reduce food insecurity, and promote sustainable practices. These efforts help safeguard the […]
ADB, Partners Mark Start of Construction of Tina River Hydropower Project in Solomon Islands – EQ
In Short : The Asian Development Bank (ADB) and its partners have officially marked the start of construction for the Tina River Hydropower Project in the Solomon Islands. This project aims to provide renewable energy, reduce reliance on costly diesel power, and enhance the country’s energy security. Once completed, it will help lower carbon emissions […]
ADB to Help Nepal Upgrade Electricity Transmission and Distribution Infrastructure – EQ
In Short : The Asian Development Bank (ADB) has approved a loan to Nepal aimed at upgrading its electricity transmission and distribution infrastructure. The project will improve the reliability and efficiency of Nepal’s power grid, ensuring a stable electricity supply, especially in rural areas. It is expected to boost energy access, support economic growth, and […]
$100 Million ADB Loan to Strengthen Armenia’s Fiscal Sustainability and Financial Markets Development – EQ
In Short : The Asian Development Bank (ADB) has approved a $100 million loan to Armenia to enhance fiscal sustainability and develop financial markets. The loan aims to improve public finance management, strengthen budget planning, and promote financial inclusion. It also supports the development of capital markets and institutional capacity, helping Armenia build economic resilience […]
ADB Says Climate Change Could Reduce GDP in Developing Asia and the Pacific by 17% by 2070 – EQ
In Short : The Asian Development Bank (ADB) warns that climate change could reduce GDP in developing Asia and the Pacific by up to 17% by 2070. The report highlights the significant economic risks posed by rising temperatures, extreme weather, and natural disasters. It emphasizes the urgent need for climate adaptation and mitigation strategies to […]