ADB

ADB signs $50M commitment to accelerate energy transition in Asia and the Pacific

The Asian Development Bank (ADB) has signed a $50 million commitment to Actis Asia Climate Transition Fund, an infrastructure fund managed by Actis, a global sustainable infrastructure investor, to help accelerate the clean energy transition and address development challenges arising from climate change impacts in Asia and the Pacific.

ADB, LPBank sign $80M loan package to expand access to finance for women-owned SMEs in Vietnam

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) have signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.

ADB doubles climate financing as transactions hit new high

The Asian Development Bank (ADB) said Thursday it doubled to $1 billion the amount of climate financing from its private sector operations in 2023, with 75 percent of its projects including climate-related funding.

New Zealand commits $25M for ADB’s Energy Transition Mechanism

The government of New Zealand has committed $25 million to the Asian Development Bank’s (ADB) Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia.

ADB readies ASEAN Climate Finance Policy Platform

The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced Wednesday.

ADB commits record climate finance of almost $10B in 2023

The Asian Development Bank (ADB) said Wednesday that it has committed a record amount of climate finance in 2023 to help its developing member countries (DMCs) in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet.

ADB announces start of Climate Action Catalyst Fund

The Asian Development Bank (ADB) has on last Friday announced that it will start on January 1, 2024 operations of its Climate Action Catalyst Fund (CACF) — a first-of-its-kind carbon fund under the Paris Agreement. The fund aims to mobilize innovative carbon finance through the purchase of carbon credits to catalyze investments in transformative mitigation…

JICA to provide up to $1.5B for ADB-managed LEAP 2 Fund to support infrastructure in Asia and the Pacific

The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to co-finance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.

ADB lends $400M to support climate priorities in Bangladesh

The Asian Development Bank (ADB) has on Friday approved a $400 million policy-based loan to support the government of Bangladesh in implementing its National Adaptation Plan, 2023–2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-focused inclusive development.

ADB approves $659M in financing to support Pakistan’s sustainable development

The Asian Development Bank (ADB) has approved three projects totaling $658.8 million to help Pakistan achieve its goal of more inclusive and sustainable growth and development. The projects will focus on improving domestic resource mobilization; rehabilitating schools damaged by the devastating August 2022 floods; and enhancing agricultural productivity to…