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

Published on December 5, 2024 - 02:13 GMT

ADB to Support South Dongting Lake Restoration in Hunan, PRC

MANILA, PHILIPPINES (5 December 2024) — The Asian Development Bank (ADB) has approved a $150 million loan equivalent to improve the ecological and environmental restoration of Dongting Lake in Hunan Province, the People’s Republic of China (PRC). The Hunan …

Distribution channels: Banking, Finance & Investment Industry

Published on December 5, 2024 - 02:13 GMT

ADB Advances Financial Inclusion Reforms in Indonesia

MANILA, PHILIPPINES (5 December 2024) — The Asian Development Bank (ADB) has approved a $500 million loan to foster financial inclusion in Indonesia, focusing on expanding access to financial services for vulnerable groups, particularly micro, small, and …

Distribution channels: Banking, Finance & Investment Industry

Published on December 4, 2024 - 18:54 GMT

ADB, SAFCO Venture Holdings Sign $86.2 Million Deal to Boost Sustainable Aviation Fuel Production in Pakistan

ISLAMABAD, PAKISTAN (4 December 2024) — The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) have signed a landmark $86.2 million financial package to finance the construction and operation of a sustainable aviation fuel (SAF) …

Distribution channels: Banking, Finance & Investment Industry

Published on December 4, 2024 - 11:12 GMT

ADB Launches Program to Advance Knowledge Solutions for Key Development Challenges

MANILA, PHILIPPINES (4 December 2024) — The Asian Development Bank (ADB) has approved a technical assistance (TA) grant of $14.8 million to accelerate climate action, foster innovation, and strengthen private sector development across its regional …

Distribution channels: Banking, Finance & Investment Industry

Published on December 4, 2024 - 11:12 GMT

ADB, Meghna Group of Industries Sign $20 Million Deal to Enhance Food Security and Energy Efficiency in Bangladesh

DHAKA, BANGLADESH (4 December 2024) – The Asian Development Bank (ADB) and Tanveer Dal Mill and Flour Mills Limited, a member of the Meghna Group of Industries (MGI), have signed a $20 million loan agreement to support the construction of a greenfield …

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Published on December 4, 2024 - 11:12 GMT

Independent Evaluation Report Urges ADB to Deepen Gender Equality Initiatives for More Transformative Outcomes

MANILA, PHILIPPINES (4 December 2024) — The Asian Development Bank (ADB) must strengthen its gender equality initiatives by increasing incentives, improving interdepartmental collaboration, and updating its gender policy to provide a coherent framework …

Distribution channels: Banking, Finance & Investment Industry

Published on December 3, 2024 - 15:28 GMT

ADB and Nepal Mark Over 5 Decades of Partnership in the Energy Sector

KATHMANDU, NEPAL (3 December 2024) — The Asian Development Bank (ADB) launched a photo exhibition to celebrate over 5 decades of partnership with the Government of Nepal in the energy sector—a collaboration that has been instrumental in driving the country …

Distribution channels: Banking, Finance & Investment Industry

Published on December 3, 2024 - 15:28 GMT

ADB, Xacbank Sign $50 Million Deal to Boost Climate and MSME Financing in Mongolia

ULAANBAATAR, MONGOLIA (3 December 2024) — The Asian Development Bank (ADB) and XacBank Joint Stock Company (XacBank) have signed a $50 million financing package to enhance financing for climate action and to support micro, small, and medium-sized …

Distribution channels: Banking, Finance & Investment Industry

Published on December 3, 2024 - 02:40 GMT

ADB Supports Integrated, Sustainable Water Resources Management in Cambodia

PHNOM PENH, CAMBODIA (3 December 2024) — The Asian Development Bank (ADB) has approved two projects with $173 million in loans and grants to accelerate climate-adaptive water resources management in Cambodia. The first is an $88 million Integrated Water …

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Published on December 2, 2024 - 12:29 GMT

ADB Financing to Strengthen Project Implementation in the Kyrgyz Republic

MANILA, PHILIPPINES (2 December 2024) — The Asian Development Bank (ADB) has approved a $22.58 million small expenditure financing facility (SEFF) that will support activities to boost project readiness and make project implementation more efficient and …

Distribution channels: Banking, Finance & Investment Industry

Published on December 2, 2024 - 00:19 GMT

ADB, MSEL Sign Deal to Establish 20-MW Solar Power Plant in Bangladesh

MANILA, PHILIPPINES (2 December 2024) — The Asian Development Bank (ADB) has signed a $24.3 million financing package with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant Mymensingh, Bangladesh. As …

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Published on November 29, 2024 - 11:09 GMT

ADB, APU Dairy Sign $20 Million Loan to Strengthen Mongolia’s Dairy Sector, Improve Food Security

ULAANBAATAR, MONGOLIA (29 November 2024) – The Asian Development Bank (ADB) and APU Dairy LLC have signed a $20 million (equivalent in Mongolian togrog) loan to support nomadic herders by integrating them into the dairy value chain, enhancing dairy …

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Published on November 28, 2024 - 11:50 GMT

ADB, Gulf Sign $820 Million Loan to Scale Up Solar and Battery Storage in Thailand

BANGKOK, THAILAND, (28 November 2024) — The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited, a subsidiary of Gulf Energy Development Public Company Limited (Gulf), have signed an $820 million loan to provide construction financing …

Distribution channels: Banking, Finance & Investment Industry

Published on November 28, 2024 - 05:46 GMT

Masato Kanda Elected as ADB President

MANILA, PHILIPPINES (28 November 2024) — The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADB’s 11th President. Mr. Kanda, 59, currently serves as Special Advisor to Japan’s Prime Minister and Minister of Finance. …

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Published on November 28, 2024 - 05:45 GMT

Innovative Infrastructure: Fiji’s Path to a Climate Resilient Transport Network

The Fiji Critical Bridges Resilience Project aims to enhance the resilience and safety of Fiji's transport network, particularly on Viti Levu, the main island. Fiji, an archipelago of over 330 islands, faces challenges in providing services to its …

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Published on November 28, 2024 - 05:45 GMT

ADB Approves $199.5 Million Project to Improve Domestic Connectivity in Fiji

MANILA, PHILIPPINES (28 November 2024) — The Asian Development Bank (ADB) approved a $199.5 million project that will replace critical bridges on Fiji’s main island to improve domestic transport connectivity. The Critical Bridges Resilience Project is …

Distribution channels: Banking, Finance & Investment Industry

Published on November 28, 2024 - 00:09 GMT

ADB, Mastercard Launch Innovative Partnership to Finance MSMEs in Asia and the Pacific

MANILA, PHILIPPINES (28 November 2024) — The Asian Development Bank (ADB) and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a groundbreaking partnership aimed …

Distribution channels: Banking, Finance & Investment Industry

Published on November 27, 2024 - 03:06 GMT

Independent Evaluation Report Recommends ADB to Strengthen Alignment of Technical Assistance with Country and Corporate Priorities

MANILA, PHILIPPINES (27 November 2024) — The Asian Development Bank (ADB) should better align its technical assistance (TA) operations with corporate and country priorities through improved coordination which includes closer government engagement and …

Distribution channels: Banking, Finance & Investment Industry

Published on November 26, 2024 - 13:00 GMT

ADB Expands Support for Philippines’ Climate Action with $500 Million Loan

MANILA, PHILIPPINES (26 November 2024) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to further help strengthen the Philippines’ efforts to tackle climate change. The Philippines’ Climate Change Action Program (CCAP) …

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Published on November 26, 2024 - 01:15 GMT

ADB to Support Policy Reform to Boost Trade and Competitiveness in Cambodia

PHNOM PENH, CAMBODIA (26 November 2024) — The Asian Development Bank (ADB) approved a $50 million policy-based loan to support Cambodia’s efforts to make the business environment more investment-friendly, upgrade businesses toward higher competitiveness, …

Distribution channels: Banking, Finance & Investment Industry