MANILA, PHILIPPINES (6 July 2018) — The Asian Development Bank (ADB) Board of Directors has approved grant assistance of $100 million—the first of an envisaged package totaling $200 million to help the Government of Bangladesh develop basic infrastructure and services for displaced persons.
NUKU’ALOFA, TONGA (18 June 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a $6.8 million grant to help reconstruct and improve disaster resilience of the Nuku’alofa electricity network that was damaged by Cyclone Gita in February 2018. The support follows the $6 million assistance ADB provided to the Government of Tonga on 16 February under the Pacific Disaster Resilience Program and an additional $1 million under the ADB-supported Asia Pacific Disaster Response Fund for humanitarian relief efforts on 22 February.
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.
THIMPHU, BHUTAN (6 June 2018) — The Board of Directors of the Asian Development Bank (ADB) has approved a loan and grant package totaling $53 million to promote growth in and around Phuentsholing by developing a township area adjoining the city protected by new defenses against floods and riverbank erosion.
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.