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KATOWICE, POLAND (7 December 2018) — The Asian Development Bank (ADB) today announced the launch of the Article 6 Support Facility, a $4 million initiative to help developing member countries (DMCs) in Asia and the Pacific combat climate change through a key provision of the Paris Agreement.
Intergovernmental food aid organizations are key to addressing climate-change-induced food crises.
Flood and environmental risk management (FERM) is a new concept recognizing the close connection between managing flood risk and managing risks to the physical environment and biological ecosystems.
by Bruce Dunn and Cristina R. Velez
BALI, INDONESIA, 11 October 2018 — UNICEF and the Asian Development Bank (ADB) renewed their commitment to fighting poverty and promoting the health and wellbeing of children and young people in Asia and the Pacific, in a memorandum of understanding signed in Bali, Indonesia today.
MANILA, PHILIPPINES (20 September 2018) — The Asian Development Bank (ADB) has raised $750 million to help finance climate change mitigation and adaptation projects with an issue of a 10-year green bond.
Member countries of the Association of Southeast Asian Nations should increase the speed of negotiation for, coordination of, and responses to emergency food aid releases to enhance food security in Asia.
An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.
WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.
In 2015, the international community committed to the Sustainable Development Goals, including Goal 4, which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. That same year, in Addis Ababa, multilateral development banks committed to work together to assist countries to generate the needed financial resources. In this context, we welcome the proposal for the International Finance Facility for Education. Urgent and unparalleled action is needed to create a learning generation.
Sept banques multilatérales de développement (BMD) ont lancé une nouvelle plateforme en vue de renforcer leur collaboration dans le cadre des migrations économiques et des déplacements forcés. Lancée en marge des réunions de printemps du Fonds monétaire international (FMI) et du Groupe de la Banque mondiale, cette plateforme a pour but d’appuyer le dialogue stratégique et la coordination opérationnelle des BMD afin de maximiser l’impact de leur engagement croissant dans ces deux domaines.
WASHINGTON, April 20, 2018 – Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.
Disaster events have lasting impacts on people, communities, and socioeconomic development. Countries in the Pacific are among the most exposed, globally, to natural disasters, including floods, droughts, cyclones, and earthquakes. The effects of climate change threaten to increase the severity and frequency of hazard events in the Pacific region, emphasizing the need for Pacific island countries to protect themselves against corresponding social and economic consequences.
Several national and regional initiatives address the risks of loss and damage associated with climate change impacts.
To date, there is no formal international funding mechanism for climate-related loss and damage. These are climate change impacts that cannot be prevented by mitigation and adaptation efforts. Therefore, countries need a line of defense both at the national and regional levels to help the most vulnerable populations.
Countries need to build capacity and develop financial solutions for different climate risks, including those that can better address slow-onset events.
It is becoming increasingly clear that, no matter how successful we are in reducing greenhouse gas emissions, emissions from the past have committed us to a certain degree of climate warming and therefore there are unavoidable climate change impacts.
Contingency finance is a risk retention approach for addressing loss and damage associated with climate change impacts.
Response actions in the days immediately after a disaster, such as a super typhoon, are crucial in helping the victims. Setting aside contingency or reserve funds before the disaster occurs enables countries to disburse funds faster in the wake of an emergency.
1.1 Why This Guidance Note?
The year that preceded the publication of this report was marked by dramatic political, social, environmental and economic changes in many countries around the world. The theme of the 2018 High-level Political Forum, ‘Transformation Towards Sustainable and Resilient Societies’, is therefore deeply resonant for policymakers, citizens and businesses in a changing Asia-Pacific region.