PORT MORESBY, PAPUA NEW GUINEA : The Asian Development Bank (ADB) has appointed Said Zaidansyah as the Country Director for Papua New Guinea (PNG). Mr. Zaidansyah, who assumes office today, will oversee ADB’s country partnership strategy for PNG and wider engagement in the country. “Working with the Government of Papua New Guinea, we are committed […]
ADB Appoints New Regional Director for Singapore Office – EQ Mag
SINGAPORE : The Asian Development Bank (ADB) has appointed Jackie Surtani as Regional Director of its Singapore Office, where he will lead efforts to deepen cooperation between ADB and the Government of Singapore and the financial sector, as well as explore opportunities for private and public sector projects across the region with a strong focus […]
ADB Appoints New Country Director for Kyrgyz Republic – EQ Mag
BISHKEK, KYRGYZ REPUBLIC : The Asian Development Bank (ADB) has appointed Zheng Wu as its new Country Director for the Kyrgyz Republic. Mr. Wu assumed office today. Mr. Wu will lead ADB’s operations in the Kyrgyz Republic and continue to manage the bank’s relationship with the government and other stakeholders. He will oversee the implementation […]
ADB Approves $40 Million Loan for Key Reforms in Service Delivery in Cambodia – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support the Government of Cambodia’s efforts to further enhance public service delivery by local administrations through a series of reforms in public finance and decentralization. This second and last subprogram loan under the Second Decentralized Public Service and Financial […]
ADB Appoints Shantanu Chakraborty As New Country Director For Viet Nam – EQ Mag
HA NOI, VIET NAM : The Asian Development Bank (ADB) has appointed Shantanu Chakraborty as its new Country Director for Viet Nam. Mr. Chakraborty, who assumed the office today, will lead ADB’s operations in the country, represent the bank in policy dialogue, and further foster its relationship with the government and other stakeholders. He will […]
ADB Issues First Local Currency Health Bond – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has raised 35 billion Mongolian togrog (MNT) (about $10.2 million) in its first health bond denominated in the local currency of a borrowing member. The issue sets a milestone for health-focused local-currency bonds. The bond carries a 11.25% semi-annual coupon with a 2-year bullet maturity, denominated in […]
ADB, Vanuatu Initiate Groundbreaking to Deliver Renewable Energy to Espiritu Santo – EQ Mag
ESPIRITU SANTO, VANUATU : The Asian Development Bank (ADB) today joined the Government of Vanuatu and members of the Santo Community in a groundbreaking ceremony, marking the start of construction of around 22 kilometers of transmission lines in Espiritu Santo that form part of the ADB-supported Vanuatu Energy Access Project (VEAP). The transmission and distribution […]
ADB, African Development Bank Sign $1 Billion Sovereign Exposure Exchange Agreement – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) and the African Development Bank today signed a $1 billion sovereign exposure exchange that aims to strengthen their capital adequacy levels and boost their lending capacity. The exchange is the third agreement between ADB and a peer multilateral development bank (MDB). The first two contracts were signed […]
ADB to Help Improve Community Resilience, Livelihoods in Rural Bangladesh – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $120 million loan to help improve access to basic services and climate resilience of remote and rural communities in the Chittagong Hill Tracts of Bangladesh. “The Chittagong Hill Tracts is one of the regions in the country most vulnerable to climate and disaster risks. […]
ADB, Partners Launch $115 Million Coastal Pollution Reduction Program – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB), the Development Bank of Latin America (CAF), the European Bank for Reconstruction and Development (EBRD), and the United Nations Food and Agriculture Organization (FAO), have partnered to lead a new $115 million global program to reduce pollution in coastal areas and river basins. The Clean and Healthy […]