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

Published on September 25, 2024 - 01:36 GMT

Slower Inflation, Higher Investment and Consumption to Support Philippine Growth through 2024, 2025 — ADB

MANILA, PHILIPPINES (25 September 2024) — Moderating inflation, monetary easing, and sustained public spending particularly on major infrastructure projects, will support Philippine economic growth this year and the next, according to a report released by …

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Published on September 24, 2024 - 13:56 GMT

ADBI-APAEA-CUEB Joint Workshop on Energy Security in Asia and the Pacific

Agenda Click to view Time of Event 8:30, Beijing time Summary Energy security is essential to national and regional security and economic growth and stability. However, it has become increasingly complex and challenging in recent decades due to several …

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Published on September 24, 2024 - 13:18 GMT

ADB President Reaffirms Strong Partnership with Bhutan during Official Visit

THIMPHU, BHUTAN (24 September 2024) — Asian Development Bank (ADB) President Masatsugu Asakawa reaffirmed ADB’s commitment to supporting Bhutan’s development goals and praised the country’s recent achievements during a 3-day official visit to the country. …

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Published on September 24, 2024 - 07:07 GMT

ADB, Bhutan Sign Loan Agreement for Solar Power Project

MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) and the Government of Bhutan have signed a $30 million loan agreement for the Distributed Solar for Public Infrastructure Project. The project aims to generate up to 35 megawatts of …

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Published on September 24, 2024 - 02:04 GMT

ADB Launches Country Partnership Strategy for Fiji for 2024-2028

MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) with Fiji for 2024–2028, which will support Fiji’s resilience to economic and climate-related shocks. “This new CPS will build …

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Published on September 24, 2024 - 02:04 GMT

ADB Joins Partnership for a Lead-Free Future

MANILA, PHILIPPINES (24 September 2024) — The Asian Development Bank (ADB) today announced a set of actions to mainstream lead exposure mitigation into its operations, as part of its participation in the newly formed Partnership for a Lead-Free Future, a …

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Published on September 23, 2024 - 08:25 GMT

UN Secretary-General and Heads of MDBs to Enhance Collaboration to Address the Challenges of Achieving the SDGs

NEW YORK, UNITED STATES (23 September 2024) — United Nations Secretary-General António Guterres and top UN officials met with the Heads of Multilateral Development Bank (MDB) Group on Sunday in a joint effort to better support countries in accelerating …

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Published on September 20, 2024 - 15:24 GMT

Climate Finance by Multilateral Development Banks Hits Record in 2023

MANILA, PHILIPPINES (20 September 2024) — Multilateral development banks (MDBs) announced today that their global climate finance reached a record high of $125 billion in 2023. The combined total last year from institutions, including the Asian Development …

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Published on September 20, 2024 - 03:59 GMT

ADB Approves Support to Improve Water Security and Management in India

MANILA, PHILIPPINES (20 September 2024) — The Asian Development Bank (ADB) has approved a $50 million loan to improve water resources management, access to water, and community resilience to the effects of climate change in the state of Meghalaya, India. “ …

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Published on September 20, 2024 - 03:59 GMT

ADB Approves Policy Loan to Support Indonesia’s Energy Transition

MANILA, PHILIPPINES (20 September 2024) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to help Indonesia accelerate its energy transition. The Affordable and Sustainable Energy Transition Program will support various …

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Published on September 19, 2024 - 10:10 GMT

ADB Program to Boost Financial Development and Inclusion in Uzbekistan

MANILA, PHILIPPINES (19 September 2024) — The Asian Development Bank (ADB) today approved a $300 million sector development program to support the Government of Uzbekistan’s efforts to expand access to finance for unbanked and underbanked microenterprises, …

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Published on September 19, 2024 - 04:49 GMT

ADB Approves Financing to Enhance Safety, Climate Resilience of Issyk-Kul Ring Road in Kyrgyz Republic

MANILA, PHILIPPINES (19 September 2024) — The Asian Development Bank (ADB) has approved $109.5 million in financing to enhance the national road around the Issyk-Kul Lake, one of the most popular tourist destinations in the Kyrgyz Republic and a strategic …

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Published on September 19, 2024 - 04:49 GMT

Accelerating Growth That Leaves No One Behind

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) that sets a specific agenda to support the Philippines’ transformation in the next 6 years. It is designed to ensure that growth is not only sustained but is also …

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Published on September 18, 2024 - 06:14 GMT

ADB Launches Country Partnership Strategy for Bhutan for 2024-2028

ADB’s Country Partnership Strategy 2024-2028 for Bhutan will help the country address economic obstacles and enable inclusive, sustainable, resilient, and job-creating growth. It will reinforce the government’s development programs by strengthening public …

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Published on September 17, 2024 - 20:08 GMT

ADB President Visits Pakistan, Discusses Economic Recovery and Reforms

ISLAMABAD, PAKISTAN (16 September 2024) — Asian Development Bank (ADB) President Masatsugu Asakawa and Pakistan President Asif Ali Zardari met today to discuss the government’s economic recovery and reforms and ADB’s continuing partnership to support …

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Published on September 17, 2024 - 08:17 GMT

ADB Appoints New Country Director for Bangladesh

DHAKA, BANGLADESH (17 September 2024) — The Asian Development Bank (ADB) has appointed Hoe Yun Jeong as its new Country Director for Bangladesh. Mr. Jeong will lead ADB’s operations in Bangladesh and policy dialogue with the interim government, development …

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Published on September 16, 2024 - 09:54 GMT

ADB Project to Further Improve Rail Service in Azerbaijan

MANILA, PHILIPPINES (16 September 2024) — The Asian Development Bank (ADB) has approved a $131.5 million loan that will help improve a key railway line in Azerbaijan for better regional connectivity. The financing will complete the rehabilitation of about …

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Published on September 16, 2024 - 04:56 GMT

ADB, Vanuatu Sign $16.5 Million Grant to Address Skills Shortages

PORT VILA, VANUATU (16 September 2024) — The Asian Development Bank (ADB) and the Government of the Republic of Vanuatu today signed a grant agreement of almost $16.5 million to help fund Vanuatu’s Supporting the Delivery of Skills Development Project. …

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Published on September 16, 2024 - 04:56 GMT

ADB Appoints Xinning Jia as Director General for Strategy, Policy, and Partnerships

MANILA, PHILIPPINES (16 September 2024) — The Asian Development Bank (ADB) has appointed Xinning Jia as Director General of its Strategy, Policy, and Partnerships Department (SPD). She assumed office today. As Director General she will lead the planning, …

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Published on September 16, 2024 - 04:56 GMT

ADB, JBM Group Sign INR 3.6 Billion Deal to Expand Sustainable Transport in India through E-Buses

NEW DELHI, INDIA (16 September 2024) — The Asian Development Bank (ADB) and the JBM Group have signed a INR 3.6 billion (about $43.2 million) non-convertible debenture loan to expand access to electric buses in the Indian states of Haryana and Odisha. The …

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