In Short : The Asian Development Bank, Ireland, and Samoa are collaborating to enhance Samoa’s climate change resilience through improved infrastructure, sustainable practices, and community initiatives, aiming to protect ecosystems and support vulnerable communities for a more sustainable and stable future. In Detail : APIA, SAMOA : The Asian Development Bank (ADB) today approved a […]
ADB Supports Alternergy’s First Green Corporate Loan – EQ
In Short : The Asian Development Bank (ADB) is backing Alternergy with its first green corporate loan. This support aims to enhance Alternergy’s renewable energy projects, promoting sustainability and contributing to the transition to clean energy solutions. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) is supporting Alternergy Holdings Corporation (AHC), a […]
ADB, Masdar Sign Deal to Build Region’s First Solar Power Plant with Battery Energy Storage Facility in Uzbekistan – EQ
In Short : The Asian Development Bank (ADB) and Masdar have signed a deal to construct the region’s first solar power plant with a battery energy storage facility in Uzbekistan. This project marks a significant milestone in integrating renewable energy with storage solutions, enhancing energy reliability and sustainability in the region. In Detail : TASHKENT, […]
ADB approves $148 mn loan to improve power supply in Sikkim – EQ
In Short – The Asian Development Bank (ADB) has approved a $148 million loan to enhance the power supply in Sikkim, India. This funding will support the development of reliable and efficient electricity infrastructure, aiming to improve energy access and sustainability. The project includes upgrading transmission and distribution systems, which will contribute to economic growth […]
ADB Sells $3.5 Billion 2-Year Global Benchmark Bond – EQ
In Short – The Asian Development Bank (ADB) successfully issued a $3.5 billion 2-year global benchmark bond. This significant issuance supports ADB’s mission to promote social and economic development in Asia. The bond attracted diverse investor participation, reflecting confidence in ADB’s creditworthiness and the region’s growth prospects. Proceeds will fund projects aimed at sustainable development […]
ADB to Support Sustainable Development of Sikkim’s Power Distribution Sector – EQ
In Short : The Asian Development Bank (ADB) will support the sustainable development of Sikkim’s power distribution sector. This initiative aims to enhance the region’s energy infrastructure, improve efficiency, and promote reliable and sustainable electricity access, contributing to Sikkim’s overall development. In Detail : MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a […]
$5 Billion Asian Development Fund Replenishment Agreed to Support Most Vulnerable in Asia and Pacific – EQ
In Short : A $5 billion replenishment for the Asian Development Fund has been agreed upon to aid the most vulnerable in Asia and the Pacific. This support underscores a commitment to addressing crucial development challenges in the region. In Detail : TBILISI, GEORGIA : Donors and the Asian Development Bank (ADB) have agreed to […]
Cooperation can Cut Carbon Footprint of Trade in CAREC Region – EQ
In Short : “Collaborative efforts can significantly reduce the carbon footprint of trade in the CAREC region, highlighting the importance of cooperation in achieving sustainable development goals and mitigating environmental impact.” In Detail : TBILISI, GEORGIA : Closer cross-border collaboration and reforming trade policies in Central Asia and its neighbors can cut the carbon footprint […]
ADB Vice-President Meets Nepal Prime Minister, Reaffirms Support for Private Sector Growth and Climate Initiatives – EQ
In Short – The ADB Vice-President recently met Nepal’s Prime Minister, affirming backing for private sector expansion and climate endeavors. This collaboration aims to bolster Nepal’s economy through private sector development while prioritizing sustainable environmental practices. Such initiatives signify a concerted effort toward fostering economic resilience and environmental sustainability in the region. In Details […]
ADB operations reach $23.6 billion in 2023, achieve record climate finance of $9.8 billion – EQ
In Short – In 2023, ADB’s operations soared to $23.6 billion, marking a significant milestone. Notably, the institution achieved a record climate finance of $9.8 billion, underscoring its commitment to addressing climate change. These investments reflect ADB’s proactive approach towards sustainable development, supporting projects that promote environmental resilience and low-carbon growth across the Asia-Pacific region. […]
