ADB

The Asian Development Bank (ADB) is mobilizing $50 billion by 2035 through new financing tools, policy support, and partnerships to help countries build cross-border power grids across some of the world’s most complex regions, aiming to lower energy costs, strengthen reliability, and expand clean energy trade, ADB President Masato Kanda said on Tuesday.

The Asian Development Bank (ADB) and Japan announced Monday a new joint initiative to support countries and businesses in Asia and the Pacific facing rising energy prices, while accelerating the transition to more resilient and sustainable energy systems.

The Asian Development Bank (ADB) has announced plans to mobilize up to $6 billion by 2030 and provide institutional support to capital market regulators in Southeast Asia to accelerate the development of the region’s capital markets and strengthen its long-term financial resilience against external shocks.

Generative artificial intelligence (AI) could significantly reshape economies and labor markets across Asia and the Pacific, but widening disparities in readiness mean advanced economies are likely to capture most early gains, according to a report by the Asian Development Bank (ADB) on Friday.

The Asian Development Bank (ADB) has launched a $25 million multi-partner fund to finance critical project preparation work for cross-border energy and transmission infrastructure within the Association of Southeast Asian Nations (ASEAN) — the first such fund in the region.

Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report.

The Asian Development Bank (ADB) has signed a financing package of up to $100 million to support Philippine conglomerate Ayala Corporation’s contributions to the development of an electric mobility ecosystem in the Philippines.

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 operations.

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 at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific.

The Asian Development Bank (ADB) has launched its Environment Action Plan 2024–2030 presenting a road map for addressing the impacts of the triple planetary crisis of biodiversity loss, pollution, and climate change in Asia and the Pacific.