Asian Development Bank Press Releases - EIN Presswire - Press Release Distribution Service

Published on October 30, 2024 - 03:55 GMT

ADB to Improve Rural Livehoods, Ecosystems and Climate Resilience in Qixia City, Shandong, PRC

MANILA, PHILIPPINES (30 October 2024) — The Asian Development Bank (ADB) has approved a $150 million loan to enhance the ecological and climate resilience, as well as rural livelihoods in Qixia City in Shandong Province, the People’s Republic of China (PRC …

Distribution channels: Banking, Finance & Investment Industry

Published on October 30, 2024 - 03:55 GMT

Replicating ADB Projects from the People's Republic of China

Transcript Projects in the PRC offer rich potential for learning and replication—both domestically and abroad. Echoes of Success assembles five case studies in demonstration and replication of ADB-financed projects in the PRC. The five projects span …

Distribution channels: Banking, Finance & Investment Industry

Published on October 29, 2024 - 16:49 GMT

ADB Approves $500 Million Loan to Support Climate and Disaster Resilience in Pakistan

MANILA, PHILIPPINES (29 October 2024) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction and resilience in Pakistan. The Climate and Disaster Resilience Enhancement Program …

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Published on October 29, 2024 - 09:58 GMT

ADB Appoints New Country Director for Bhutan

THIMPHU, BHUTAN (29 October 2024) — The Asian Development Bank (ADB) has appointed Sonomi Tanaka as its new Country Director for Bhutan. Ms. Tanaka will lead ADB’s operations in Bhutan and policy dialogue with the government, development partners, and …

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Published on October 29, 2024 - 05:25 GMT

Community Resilience Partnership Program (CRPP) Partnership Forum 2025: Call for Solutions

Description The Asian Development Bank (ADB) will hold the third Community Resilience Partnership Program (CRPP) Partnership Forum on 25-26 February 2025 in Bangkok, Thailand. The CRPP is a partnership program to help countries and communities in Asia and …

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Published on October 29, 2024 - 05:07 GMT

ADB Issues its First Biodiversity and Nature Bond

MANILA, PHILIPPINES (29 October 2024) — The Asian Development Bank (ADB) has issued its first biodiversity and nature theme bond to finance a pool of eligible projects across Asia and the Pacific. The A$150 million (equivalent to US$100 million), 10-year …

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Published on October 29, 2024 - 05:07 GMT

ADB Loan to Help Improve Connectivity, Road Safety in Kazakhstan

MANILA, PHILIPPINES (29 October 2024) — The Asian Development Bank (ADB) has approved a sovereign-guaranteed local currency loan of up to $291.49 million equivalent to “KazAvtoZhol” National Company” JSC (KazAvtoZhol) to reconstruct 208 kilometers of road …

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Published on October 28, 2024 - 06:39 GMT

Accelerating the Path to Net Zero: Financial Regulators' Role in Transition Finance

Registration Form Click to register Time of Event 11:30 AM - 12:30 PM (Baku time) Summary Reflecting a growing consensus that broader financial initiatives beyond merely supporting green activities are essential, transition finance — aimed to support an …

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Published on October 28, 2024 - 01:15 GMT

Joint Statement by Heads of Multilateral Development Banks and the WTO on Boosting Supply Chain Trade in Emerging Markets

Supply Chain Finance (SCF) is essential for enabling emerging markets firms, particularly Small and Medium sized Enterprises (SMEs), to participate in both global and local markets. Greater participation of SME firms in global value chains will increase …

Distribution channels: Banking, Finance & Investment Industry

Published on October 26, 2024 - 05:20 GMT

ADB Signs New Exposure Exchange Agreements with African Development Bank and Inter-American Development Bank

MANILA, PHILIPPINES (26 October 2024) — The Asian Development Bank (ADB) today signed two new sovereign exposure exchange agreements (EEAs), strengthening ADB’s ability to lend to borrowing members. ADB signed a $1 billion agreement with the African …

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Published on October 26, 2024 - 05:20 GMT

Q&A: Sovereign Exposure Exchanges Allow MDBs to Reduce Portfolio Concentration Risks

What is an exchange of sovereign exposures? A sovereign exposure exchange is a cost-effective risk management tool used by multilateral development banks (MDBs) to reduce sovereign portfolio concentration risks. It provides capital relief for MDBs by …

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Published on October 24, 2024 - 15:09 GMT

UNFCCC Climate Change Conference (COP29)

Description The Republic of Azerbaijan will host the 29th session of the Conference of the Parties (COP 29) of the UNFCCC, with a strong emphasis on climate finance and ambitious climate action. Azerbaijan's COP29 Presidency will focus on two main …

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Published on October 24, 2024 - 07:57 GMT

Voting Set to Open for Next ADB President

MANILA, PHILIPPINES (24 October 2024) — The Asian Development Bank (ADB) has officially closed the nomination period for its next President, with voting by ADB’s Board of Governors set to begin on 28 October 2024. ADB Presidents are nominated from among …

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Published on October 24, 2024 - 07:57 GMT

ADB Approves Support to Establish Solar Facility in Assam, India

MANILA, PHILIPPINES (24 October 2024) — The Asian Development Bank (ADB) today approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India. “Addressing the renewable energy capacity …

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Published on October 24, 2024 - 02:33 GMT

My Vision for ADB: Strive Together to Attain Sustainable and Inclusive Growth in the Region with Innovative and Tailored Solutions ...

ADB has played a vital role in the development of the Asia and Pacific region not only helping it become the engine room of global growth today but ensuring the region is resilient and inclusive. The many crises and challenges currently confronting us, …

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Published on October 23, 2024 - 14:48 GMT

Call for Session Proposals: Civil Society Program (CSP) of the 58th ADB Annual Meeting in Milan, Italy

Description Under the theme “Sharing Experience, Building Tomorrow,” the 2025 Annual Meeting is a key opportunity for Governors from ADB’s 68 members to consider development issues and challenges facing Asia and the Pacific. It will revolve around the …

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Published on October 23, 2024 - 07:39 GMT

ADB Approves $86.67 Million Grant to Develop Green Road Corridor in Tajikistan

DUSHANBE, TAJIKISTAN (23 October 2024) — The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country. The project will …

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Published on October 23, 2024 - 07:39 GMT

ADB Approves $200 Million Loan to Enhance Livability in Uttarakhand, India

MANILA, PHILIPPINES (23 October 2024) — The Asian Development Bank (ADB) has approved a $200 million loan to help upgrade water supply, sanitation, urban mobility, and other urban services to enhance the quality of life and climate resilience of the people …

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Published on October 23, 2024 - 02:24 GMT

ADB Appoints Shanny Campbell as Lao PDR Country Director

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (23 October 2024) — The Asian Development Bank (ADB) has appointed Shanny Campbell as its Country Director for the Lao People's Democratic Republic (Lao PDR). She assumed office this week. Ms. Campbell will …

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Published on October 22, 2024 - 07:44 GMT

ADB to Help Improve Power Supply in West Bengal, India

MANILA, PHILIPPINES (22 October 2024) — The Asian Development Bank (ADB) has approved a $241.3 million loan to improve the distribution of power supply in West Bengal, India, which will help enhance people’s quality of life by ensuring they have access to …

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