NGERULMUD, PALAU (16 October 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a $15 million policy-based loan to help strengthen Palau’s resilience to disasters by providing a predictable and quick-disbursing source of financing for early response, recovery, and reconstruction activities in the country.
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 (9 October 2018) — The Asian Development Bank (ADB) yesterday approved $3 million in grant assistance to support immediate relief efforts in Central Sulawesi, Indonesia.
DUSHANBE, TAJIKISTAN (1 October 2018) — The Board of Directors of the Asian Development Bank (ADB) has approved a $10 million grant to help Tajikistan prepare and respond to natural hazards and climate change, and reduce the impact of disasters on the people.
MANILA, PHILIPPINES (27 September 2018) — The Asian Development Bank (ADB) and the Government of Vanuatu today signed a $500,000 grant agreement to support the second Vanuatu Manaro Volcano Disaster Response Project. Up to $150,000 of the amount can be used for emergency and humanitarian costs, which the government has incurred to date in response to the disaster.
The agreement was signed by Executive Director Mr. In-chang Song representing Vanuatu on the ADB Board of Directors and ADB Pacific Department Director General Ms. Carmela Locsin at a ceremony at ADB headquarters.
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.
2018 marks 20 years of partnership between the Asian Development Bank (ADB) and the Kolkata Municipal Corporation (KMC). Since 1998, ADB has been supporting KMC to make Kolkata a more livable city through integrated planning and phased investments for resilience building and urban services improvement.
After successful implementation of the Kolkata Environment Improvement Project (KEIP), KMC is implementing another ADB-supported project, the Kolkata Environment Improvement Investment Program (KEIIP).
MANILA, PHILIPPINES (11 September 2018) — The Board of Directors of the Asian Development Bank (ADB) has approved a loan and grant package totaling more than $160 million to improve schools’ resilience to disasters in three provinces of Nepal.
ISLAMABAD, PAKISTAN (3 September 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a $100 million loan to address chronic water shortages and increase earnings on farms in Balochistan, Pakistan’s largest and poorest province.
The Balochistan Water Resources Development Sector Project will focus on improving irrigation infrastructure and water resource management in the Zhob and Mula river basins.
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.
The Asian Development Bank (ADB) would like to express its heartfelt sympathy and deepest condolences to the people of Lao PDR for the loss of life and property due to the flooding from heavy rains and the collapse of a saddle dam of the Xe Pian-Xe Namnoy hydropower project in Attapeu province.
ISLAMABAD, PAKISTAN (16 July 2018) — The Embassy of Switzerland in Pakistan and the Asian Development Bank (ADB) signed an agreement today to support the National Disaster Risk Management Fund (NDRMF), recently established by the Government of Pakistan to finance investments in disaster risk reduction and preparedness that have high economic impact.
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.