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

Published on June 28, 2024 - 07:33 GMT

ADB, Bogd Bank Partner to Provide Green Financing for Women-Owned MSMEs in Mongolia

ULAANBAATAR, MONGOLIA (28 June 2024) — The Asian Development Bank (ADB) and Bogd Bank JSC have signed a $15 million loan to provide financing for micro, small, and medium-sized enterprises (MSMEs) in Mongolia, with a strong focus on women-led MSMEs and …

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Published on June 28, 2024 - 06:51 GMT

ADB to Help Ningbo City Develop into a Low-Carbon Economy

MANILA, PHILIPPINES (28 June 2024) — The Asian Development Bank (ADB) has approved a $200 million loan to promote inclusive, low-carbon, and environmentally sustainable development in Ningbo City, Zhejiang province in the People's Republic of China ( …

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Published on June 28, 2024 - 02:33 GMT

ADB Provides $41 Million to Help Cook Islands, FSM, Marshall Islands, Tuvalu and Vanuatu Respond to Disasters

MANILA, PHILIPPINES (28 June 2024) — The Asian Development Bank (ADB) has approved $41 million in contingent disaster financing to help the Cook Islands, Marshall Islands, the Federated States of Micronesia (FSM), Tuvalu, and Vanuatu respond to disasters …

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Published on June 28, 2024 - 01:57 GMT

Q&A: Trade is Key to Climate Action. How Can Multilateral Development Banks Help Make it Sustainable?

International trade is widely recognized as an important driver of prosperity and development, an engine for economic growth and poverty reduction, and a crucial tool for achieving the global Sustainable Development Goals. The COVID-19 pandemic brought the …

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Published on June 27, 2024 - 15:48 GMT

ADB President and President of Azerbaijan Discuss Development Priorities

BAKU, AZERBAIJAN (27 June 2024) — Asian Development Bank (ADB) President Masatsugu Asakawa and Azerbaijan President Ilham Aliyev met today to discuss Azerbaijan’s strategic development priorities including its green transition. On his first official visit …

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Published on June 27, 2024 - 10:11 GMT

Expanding Microinsurance for Low-Income Households via Private Sector Support

Low-income groups are more vulnerable to shocks from illness, death, and disasters. Despite needing insurance the most, their enrollment rates are low due to economic constraints. For example,[1] while 90.8% of households earning more than KRW 60 million ( …

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Published on June 26, 2024 - 08:13 GMT

Sustainable Finance in the Indo-Pacific Conference - Scott Morris

Opening remarks by Scott Morris, ADB Vice-President (East Asia, Southeast Asia, and the Pacific), at the Sustainable Finance in the Indo-Pacific Conference, 24 June 2024, Bangkok, Thailand Good morning evening. I want to welcome Bertrand Walckenaer and the …

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Published on June 26, 2024 - 07:44 GMT

Striving for Inclusive Economic Growth in Asia and the Pacific: A Research Conference in Honor of Peter McCawley

Time of Event 9:00–17:00 Manila time Summary Despite strong economic growth in Asia and the Pacific, inequality has not fallen. Parts of society enjoy a smaller piece of the larger pie. With economies recovering from the COVID-19 pandemic, efforts to make …

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Published on June 26, 2024 - 03:20 GMT

Emerging East Asia’s Bond Yields Rise Amid Uncertainty Over Disinflation

MANILA, PHILIPPINES (26 June 2024) — Bond yields in emerging East Asia increased amid strengthened expectations that interest rates will remain elevated for a longer period, according to a new report by the Asian Development Bank (ADB). Bond outflows from …

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Published on June 25, 2024 - 16:28 GMT

ADBI-ADB-APAEA-GUFE Joint Workshop on Climate Change, Debt Management, and Monetary and Fiscal Policy

Time of Event TBC Summary The design of monetary and fiscal policy has become increasingly challenging for emerging Asian economies in recent years because of multiple global challenges, such as geopolitical tensions, the COVID-19 pandemic, unconventional …

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Published on June 25, 2024 - 11:23 GMT

Enhancing Agri-Food Traceability in the Greater Mekong Subregion

Interoperable protocols and standards play a critical role in enhancing cross-border traceability, particularly in response to increasingly strict import requirements set by a few countries in the GMS. This demand for interoperability not only ensures …

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Published on June 25, 2024 - 11:23 GMT

ADB, AHFL Sign $60 Million Deal to Expand Women’s Access to Housing Loans in India

NEW DELHI, INDIA (25 June 2024) — The Asian Development Bank (ADB) has signed a $60 million (in Indian rupee equivalent) nonconvertible debentures financing agreement, $30 million of which has been disbursed as of today, to help Aadhar Housing Finance …

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Published on June 25, 2024 - 10:47 GMT

Coastal Protection in Binh Thuan, Viet Nam

Transcript Coastal Protection in Binh Thuan Viet Nam Protecting Viet Nam’s long coastline against erosion is a major challenge in an era of accelerating climate change, sea level rise, and extreme weather events. A project now in preparation by the …

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Published on June 25, 2024 - 06:23 GMT

Teachers in Asia and the Pacific Need More Support

Achieving universal education by 2030 demands significant improvements in teacher recruitment, training, and retention across developing countries in Asia and the Pacific. Improving the status of teachers, expanding certification programs, and …

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Published on June 24, 2024 - 09:13 GMT

ADB to Improve Wastewater Management and Boost Sustainable Tourism in Kyrgyz Republic

MANILA, PHILIPPINES (24 June 2024) — The Asian Development Bank (ADB) is providing $56 million funding to the Kyrgyz Republic to improve wastewater management and enhance sustainable and inclusive tourism in Issyk-Kul region, renowned for its touristic …

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Published on June 24, 2024 - 09:13 GMT

ADB, Ananta Group Sign Deal to Promote Energy-Efficient Fabric Manufacturing, Create Jobs in Bangladesh

DHAKA, BANGLADESH (24 June 2024) — The Asian Development Bank (ADB) has signed a $40 million financing package with Ananta Knitwear Limited (AKL) to finance a new knit fabric factory in Narshingdi, Bangladesh. AKL is part of the Ananta Group, one of the …

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Published on June 24, 2024 - 04:40 GMT

Enhancing Renewable Energy Integration through Regional Cooperation

The main sources of FRR in CAREC countries are hydropower plants and gas-fired thermal power plants (balancing reserve suppliers, or BRS). By enabling frequency regulation reserve procurement across borders, the region could save $230 million annually by …

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Published on June 21, 2024 - 11:02 GMT

Four Ways to Manage Rural Solid Waste

Research in Shanxi Province, in the People’s Republic of China, provides insights into how to achieve quality and sustainable management of rural sanitation, wastewater, and solid waste. Like many areas of Asia and the Pacific, rural areas of the People’s …

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Published on June 21, 2024 - 10:34 GMT

Investing in Climate Change Adaptation: Innovations in Malaria and Tuberculosis Control

Time of Event 17 July 2024: 9:00–16:30 18 July 2024: 9:00–17:05 Summary Climate change has been significantly impacting human health globally, with increased deaths due to temperature and heat-related causes. Variations in temperature, precipitation, and …

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Published on June 20, 2024 - 03:26 GMT

ADB Expands Support for Bhutan Fiscal Management and Green Growth

MANILA, PHILIPPINES (20 June 2024) — The Asian Development Bank (ADB) has approved a $40 million policy-based loan to help Bhutan further strengthen its public financial management and green growth. The concessional loan builds on the Fiscal Sustainability …

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