This document draws upon grassroots women’s experiences from the Huairou Commission’s membership in Southeast Asia. It highlights four community-led strategies for advancing climate and disaster resilient development. These strategies demonstrate that communities have knowledge, capacities and networks that can strengthen government-led efforts to advance resilient development.
NADI, FIJI (16 October 2017) — The Asian Development Bank (ADB) will more than double the level of climate financing it will mobilize for its Pacific developing member countries to over $500 million between 2017 and 2020.
Seven Multilateral Development Banks (MDBs) announced a new coordination platform on economic migration and forced displacement today in a meeting with G7 officials at the World Bank Annual Meetings, to advance strategic priorities, including improving data and evidence and strengthening technical assistance to maximize the impact of projects supported by MDBs.
Rural communities in the Pacific that rely on fishing for subsistence and income face serious risks due to the degradation of coastal ecosystems, overharvesting, and climate change.
The ongoing degradation of coastal ecosystems, overharvesting of valuable species, and climate change (including more extreme weather events, rising sea levels, increasing sea surface temperatures, and ocean acidification) are lowering the production of fish, which is the Pacific region’s primary source of protein.
PHNOM PENH, CAMBODIA (26 September 2017) — The Asian Development Bank’s (ADB) Board of Directors has approved $50 million in additional financing to help boost agricultural productivity and improve smallholder farmers’ access to markets in 271 communes in Tonle Sap Basin, which is prone to natural calamities.
BEIJING, PEOPLE’S REPUBLIC OF CHINA (20 September 2017) — The Asian Development Bank’s (ADB) Board of Directors has approved a $150 million loan to help the Guizhou provincial government reduce its rocky desertification areas and improve people’s livelihoods through water resources conservation as well as environment and ecology restoration.
This sixth edition of the Joint Report on Multilateral Development Banks’ Climate Finance provides an overview of financing committed by the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Group (IDBG), and the World Bank Group (WBG), to climate change mitigation and adaptation projects and activities in 2016.
Pakistan potentially faces a major climate change challenge. A concerted effort by the government and civil society at all levels is required to mitigate these threats.
MANILA, PHILIPPINES (17 August 2017) — The Asian Development Bank (ADB) and the Green Climate Fund (GCF) today signed an Accreditation Master Agreement (AMA) that will allow ADB to access and administer GCF funds and scale up the bank’s climate financing to its developing member countries.
The agreed AMA—a framework agreement detailing the overarching rights and obligations of an accredited entity and GCF—will enable ADB to access a new funding source to further increase its climate mitigation and adaptation efforts in Asia and the Pacific.
PORT VILA, VANUATU (10 August 2017) — The Asian Development Bank’s (ADB) Board of Directors is providing $8.2 million in total additional financing to continue the reconstruction, rehabilitation, and climate-proofing of roads affected by Cyclone Pam.
The additional funding consists of a $4.1 million loan and a $4.1 million grant from ADB’s Ordinary Capital Resources and the Asian Development Fund, respectively. The Government of Vanuatu is also contributing $1.2 million in the project.
MANILA, PHILIPPINES (14 July 2017) — Unabated climate change would bring devastating consequences to countries in Asia and the Pacific, which could severely affect their future growth, reverse current development gains, and degrade quality of life, according to a report produced by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK).
COLOMBO, SRI LANKA (9 June 2017) — The Asian Development Bank (ADB) approved a $2 million grant to finance relief efforts in the country following the recent floods and landslides that claimed the lives of over 200 people and damaged the homes and livelihoods of hundreds of thousands more.
“Considering the scope of the damage in Sri Lanka and the government’s constrained resources, it is critical that we assist the people of Sri Lanka in this time of urgent need,” said Sri Widowati, ADB Country Director in Sri Lanka.
ISLAMABAD, PAKISTAN (9 June 2017) — The Asian Development Bank (ADB) and the Government of Pakistan today signed a loan agreement of $86.41 million for the extension of the Pehur High Level Canal in the Swabi and Nowshehra districts of Pakistan’s Khyber Pakhtunkhwa (KP) province.
Xiaohong Yang, ADB’s Country Director for Pakistan, and Tariq Mahmood Pasha, Secretary Economic Affairs Division (EAD) for the Government of Pakistan, signed the loan agreement, and Tariq Rashid, KP’s Irrigation Department Secretary, signed the project agreement.
KATHMANDU, NEPAL (20 February 2017) — Asian Development Bank (ADB) Vice-President Wencai Zhang, on a 3-day official visit to Nepal, met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.
“ADB stands ready to support Nepal in its aspirations to become a prosperous middle-income country by 2030 while achieving the Sustainable Development Goals,” Mr. Zhang said.
• The economies in Asia and the Pacific are exposed to disaster risks, which can cause fatalities as well as economic losses. One strategy to mitigate the economic losses and strengthen financial resilience to disasters is developing disaster risk financing.
• There are two policy options in implementing disaster risk financing: public sector and private sector disaster risk financing tools. Each option has challenges that need to be addressed for them to be effectively implemented.
DUSHANBE, TAJIKISTAN (25 January 2017) — Preparatory work has begun for a proposed project to improve food security in Tajikistan by boosting dairy production while making the industry more resilient to climate change.
A $500,000 technical assistance grant by the Asian Development Bank (ADB) will prepare a feasibility study of the proposed investment project.
DUSHANBE, TAJIKISTAN (18 January 2017) — The Asian Development Bank’s (ADB) updated 2017 to 2019 country program for Tajikistan focuses on supporting energy and road development, improving food security, strengthening investment climate, inclusive health, and sustainable urban infrastructure.
KATHMANDU, NEPAL (28 December 2016) — The Asian Development Bank (ADB) and the Government of Nepal today celebrated the breakthrough of the first key section of the Melamchi Tunnel. When completed, the Melamchi Tunnel will carry to Nepal’s thirsty Kathmandu Valley 170 million liters of water per day from the Melamchi River and another 340 million liters of water from the Yangri and Larke Rivers by 2021.
Climate-related natural disaster shocks are expected to rise as the earth is getting warmer, which will adversely affect growth prospects globally.