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

Published on November 20, 2024 - 14:05 GMT

ADB, Solomon Islands, Tonga Sign Agreements for Sustainable Energy Transition Projects at COP29

BAKU, AZERBAIJAN (20 November 2024) — The Asian Development Bank (ADB) and the governments of Solomon Islands and Tonga have signed grant and loan agreements for energy projects on the sidelines of COP29. The ADB-supported projects will help the Pacific …

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Published on November 20, 2024 - 14:05 GMT

Norway to Join ADB’s First of Its Kind Article 6 Carbon Fund

BAKU, AZERBAIJAN (20 November 2024) — Norway has announced it will contribute to ADB’s Climate Action Catalyst Fund (CACF) — a novel carbon fund under Article 6 of the Paris Agreement, providing a strong boost to international carbon markets. Norway’s …

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Published on November 20, 2024 - 03:14 GMT

Launch Seminar of the Asia Small and Medium-Sized Enterprise Monitor 2024: Designing an MSME Ecosystem for Resilient Growth in ...

Description ADB is organizing a launch seminar of the Asia Small and Medium-Sized Enterprise Monitor (ASM) 2024 Edition (main report) addressing the theme “Designing an MSME Ecosystem for Resilient Growth in Asia and the Pacific” on 20–22 November 2024 in …

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Published on November 20, 2024 - 02:49 GMT

Multilateral Development Banks Welcome G20 Roadmap for MDB Reform

RIO DE JANEIRO (19 November 2024) — The Heads of 10 multilateral development banks (MDBs) welcomed today the endorsement by G20 Leaders of the G20 Roadmap toward Better, Bigger, and More Effective MDBs. The Roadmap outlines a comprehensive vision for …

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Published on November 20, 2024 - 02:49 GMT

ADB, Tuvalu Commission Latest Achievements of Clean Energy Project in Funafuti

FUNAFUTI, TUVALU (20 November 2024) — The Asian Development Bank (ADB) and the Government of Tuvalu today commissioned 500 kilowatt on-grid solar rooftops in Funafuti and a 2 megawatt-hour battery energy storage system (BESS) that will provide clean and …

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Published on November 19, 2024 - 08:12 GMT

Reflections from COP 29: Transforming Agri-food Systems through Carbon Markets

Description At COP29, held in Baku, Azerbaijan, the integration of carbon markets into agrifood systems emerged as a pivotal theme for addressing the intertwined crises of climate change and food security. The conference highlighted the vital role of …

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Published on November 19, 2024 - 07:40 GMT

ADB Financing to Strengthen Financial Sector Reforms in Sri Lanka

MANILA, PHILIPPINES (19 November 2024) — The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial sector. This second subprogram of ADB’s Financial Sector …

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Published on November 19, 2024 - 07:40 GMT

ADB Approves $250 Million Loan to Support Uzbekistan’s Green, Inclusive, and Resilient Economic Growth

MANILA, PHILIPPINES (19 November 2024) — The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the Government of Uzbekistan’s efforts to strengthen institutional frameworks for climate transition, enhance links and …

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Published on November 19, 2024 - 07:40 GMT

ADB, Tuvalu Sign a Grant Agreements to Improve Water and Sanitation Services in Funafuti

FUNAFUTI, TUVALU (19 November 2024) — The Asian Development Bank (ADB) and the Government of Tuvalu have signed today a grant agreement amounting to $16.53 million to support the improvement of water supply and sanitation management in Funafuti. Minister …

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Published on November 19, 2024 - 07:40 GMT

Glaciers to Farms: Working Together for Food Security in Central and West Asia

About 30-60% of Central and West Asia’s water comes from snow and glaciers. But climate change is melting glaciers at an alarming rate, threatening the delicate balance of nature and the communities that depend on them. As glaciers melt faster, their …

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Published on November 18, 2024 - 09:54 GMT

New ADB Report Recommends Placing Education at the Heart of Building Climate Resilience in Asia and the Pacific

MANILA, PHILIPPINES (18 November 2024) — Governments in Asia and the Pacific must invest in education and training to comprehensively develop climate literacy and green skills needed for low-carbon economies, as a new report from the Asian Development Bank …

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Published on November 18, 2024 - 04:23 GMT

Delivering Clean and Sustainable Energy through Solar Power in Bhutan

Transcript In the history of Bhutan, commercial electricity has predominantly come from just one source. The hydropower in this Himalayan country can be so plentiful that an estimated 5,000 million units are exported to India each year. But hydropower is …

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Published on November 18, 2024 - 04:23 GMT

ADB Approves Loan to Spur Climate Action in Mongolia

ULAANBAATAR, MONGOLIA (18 November 2024) — The Asian Development Bank (ADB) has approved a $100 million policy-based loan to help accelerate and sustain investment in climate action in Mongolia. The Accelerating Climate Investment Program (Subprogram 1) …

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Published on November 16, 2024 - 12:14 GMT

ADB, Masdar Sign $160 Million Deal to Build two of the Largest Solar Power Plants in Azerbaijan

BAKU, AZERBAIJAN (16 November 2024) — The Asian Development Bank (ADB) and Abu Dhabi Future Energy PJSC (Masdar) signed two loans to build two of the largest solar power plants in Azerbaijan. The plants will be located in Bilasuvar and Neftchala districts, …

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Published on November 15, 2024 - 09:21 GMT

ADB, Araz Sign $10.5 Million Deal to Sustain Food Security and Farmer Resilience in Azerbaijan

BAKU, AZERBAIJAN (15 November 2024) — The Asian Development Bank (ADB) and Araz Supermarket LLC, a member of the Veyseloglu group, have signed a financial package of up to $10.5 million to help the grocer expand, boosting food security and promoting …

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Published on November 15, 2024 - 04:18 GMT

Strengthening Asia’s Resilience Against Accelerated Glacial Melt

ADB is working with partners to develop new approaches and financing solutions to make infrastructure resilient, protect ecosystems, and enhance the well-being of communities amid the impacts of accelerated glacial melt. The Building Adaptation and …

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Published on November 14, 2024 - 16:26 GMT

ADB Launches Major Initiative to Build Resilience to Melting Glaciers

BAKU, AZERBAIJAN (14 November 2024) — The Asian Development Bank (ADB) today launched a new regional program, Glaciers to Farms, that will promote sustainable water use and food security in Central Asia, the South Caucasus, and Pakistan amid the …

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Published on November 14, 2024 - 05:30 GMT

2024 AMRO-ADBI Roundtable on Macroeconomic Policies in Japan

Time of Event 9:00–12:00, Tokyo time Summary This roundtable discussion will focus on macroeconomic policies in a positive inflation environment in Japan and consists of two sessions. Session 1 will discuss issues regarding monetary and fiscal policy …

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Published on November 14, 2024 - 05:02 GMT

ADB Financing to Promote Green Development, Drinking Water Security in Nepal

MANILA, PHILIPPINES (14 November 2024) — The Asian Development Bank (ADB) has approved up to $288 million in financing for two projects to help Nepal become more green, resilient, and inclusive and to address risks due to climate change and geophysical …

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Published on November 14, 2024 - 05:02 GMT

Harnessing the Sun: Sri Lanka Rooftop Solar Power Generation Project

Transcript Demand for electricity continues to rise in Sri Lanka. It is estimated that the demand for electricity will double by 2035. With abundant sunlight year-round, transitioning to solar energy presents a great opportunity to reduce fuel imports …

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