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

Published on December 11, 2024 - 13:24 GMT

ADB Approves $600 Million Budget Support to Bangladesh to Strengthen Economic Management and Governance

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) will provide a $600 million policy-based loan (PBL) to the Government of Bangladesh, with a package of structural reforms supporting mobilization of domestic resources, efficiency of …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 07:06 GMT

ADB to Help Boost Efficiency of Public Funds in the Philippines

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) approved a $500 million policy-based loan to help the Philippines pursue its public financial management (PFM) reform agenda and ensure quality public services for the Filipino …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 07:06 GMT

ADB Scales Up Support for Pakistan Social Protection Program

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) has approved $330 million in additional financing to strengthen Pakistan’s federally administered social protection programs and services. The result-based loan for the ongoing …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 07:06 GMT

ADB, NaBFID to Collaborate on Financing India’s Infrastructure Sector

NEW DELHI, INDIA (11 December 2024) — The Asian Development Bank (ADB) and India’s National Bank for Financing Infrastructure Development (NaBFID) have signed a letter of intent (LOI) to enhance their collaboration in financing the country’s infrastructure …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 01:24 GMT

ADB to Help Modernize Power Distribution in Pakistan

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) has approved a $200 million loan to modernize power distribution infrastructure in Pakistan and improve distribution companies’ ability to deliver reliable electricity. ADB’s Power …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 01:24 GMT

US Policy Changes Likely to Impact Asia and Pacific’s Growth

MANILA, PHILIPPINES (11 December 2024) — Asia and the Pacific’s economic growth will remain steady this year and next, but expected US policy changes under the incoming administration of President-elect Donald Trump are likely to affect the region’s longer …

Distribution channels: Banking, Finance & Investment Industry

Published on December 11, 2024 - 01:24 GMT

ADB Boosts Support for Solomon Islands to Develop Climate-Resilient Water, Sanitation

MANILA, PHILIPPINES (11 December 2024) — The Asian Development Bank (ADB) has approved a $25.45 million grant to help Solomon Islands develop a sustainable, inclusive, and climate resilient water supply and sanitation services. This second additional …

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Published on December 10, 2024 - 05:52 GMT

Maldives Monetary Authority-ADBI-APAEA Joint Workshop on Monetary Policy and Central Banking Issues in Asia and the Pacific

Time of Event 8:45 Maldives Time Summary The conduct of monetary policy has become increasingly challenging for emerging Asian economies in recent years because of Russia’s war in Ukraine, the COVID-19 pandemic, unconventional monetary policy and rising …

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Published on December 10, 2024 - 05:52 GMT

ADB Business Opportunities in Hong Kong, China

Description The Asian Development Bank (ADB) will host a Business Opportunities Event (BOE) as a side event during the Asian Financial Forum in Hong Kong, China, on 14 January 2025. This event aims to present ADB’s business opportunities to the private …

Distribution channels: Banking, Finance & Investment Industry

Published on December 10, 2024 - 05:17 GMT

ADB, Samoa Sign Landmark Agreement for Solar Power Projects

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) has signed a transaction advisory services agreement with Samoa’s Electric Power Corporation (EPC) to support the development of a solar photovoltaic and battery energy storage …

Distribution channels: Banking, Finance & Investment Industry

Published on December 10, 2024 - 05:17 GMT

ADB Approves Financing Facility for Sri Lanka’s Energy Sector Sustainability

MANILA, PHILIPPINES (10 December 2024) — The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri Lanka, to …

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Published on December 9, 2024 - 09:54 GMT

ADB Approves Additional Support for Financing Infrastructure Development in Bangladesh

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) today approved a $100 million loan in additional financing to support critical infrastructure development through public–private partnerships (PPP) in Bangladesh. “This project will …

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Published on December 9, 2024 - 09:54 GMT

ADB Supports Asia’s First Sovereign Sustainability-Linked Bond in Thailand

BANGKOK, THAILAND (9 December 2024) — The Asian Development Bank (ADB) assisted the Public Debt Management Office (PDMO) under the Ministry of Finance of Thailand in issuing the first sustainability-linked sovereign bond (SLB) in Asia. This was the third …

Distribution channels: Banking, Finance & Investment Industry

Published on December 9, 2024 - 03:45 GMT

Value Chains, Rural Areas, Nutrition-Centered Food Systems Key to Food Security in Lao PDR: ADB Report

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (9 December 2024) — The Lao People’s Democratic Republic (Lao PDR) can improve health and food security by strengthening agricultural value chains, supporting rural areas, and scaling up nutrition-centered food …

Distribution channels: Banking, Finance & Investment Industry

Published on December 9, 2024 - 03:45 GMT

ADB, Asialink Sign Deal to Boost Women-Owned Businesses in Philippines

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) has signed a $115 million (in Philippine peso equivalent) financing package with Asialink Finance Corporation to expand its working capital and support small and medium-sized …

Distribution channels: Banking, Finance & Investment Industry

Published on December 9, 2024 - 03:45 GMT

ADB, Merchant Finance Sign Agreement to Support Inclusive Finance in Fiji

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) and Merchant Finance Pte Limited (MFL) have signed loan and grant agreements to boost access to finance for women-owned and led small and medium-sized enterprises (SMEs) in Fiji. ADB …

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Published on December 8, 2024 - 16:06 GMT

$100 Million Grant from Education Above All Foundation to Cofinance ADB Education Projects

DOHA, QATAR (8 December 2024) — The global education foundation Education Above All (EAA) will provide $100 million in cofinancing for Asian Development Bank (ADB) projects that get out-of-school children into quality education programs, teach green skills …

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Published on December 6, 2024 - 12:22 GMT

$350 Million ADB Loan to Enhance India’s Logistics Sector and Export Competitiveness

MANILA, PHILIPPINES (6 December 2024) — The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support the Government of India’s wide-ranging reforms to strengthen and modernize the country’s logistics sector and achieve …

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Published on December 6, 2024 - 12:22 GMT

ADB and China Education Group Sign $200 Million Deal to Support Higher Vocational Education in PRC

BEIJING, PEOPLE’S REPUBLIC OF CHINA (6 December 2024) — The Asian Development Bank (ADB), China Education Group Holdings Limited (CEG), and Yantai Institute of Science and Technology (YIST) signed a $200 million (in CNY equivalent) finance package to …

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Published on December 6, 2024 - 04:41 GMT

ADB, Orchlon School Sign $13.5 Million Loan for Mongolia’s First Internationally Certified Green Campus

ULAANBAATAR, MONGOLIA (6 December 2024) — The Asian Development Bank (ADB) signed a senior secured 45.7 billion Mongolian togrog (equivalent to $13.5 million) loan with Orchlon School and Kindergarten Complex LLC to support Mongolia’s first internationally …

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