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ADB approves $1bn loan for Philippines public transport

Davao set to build accessible bus stops, depots and terminals, and buy more than a thousand buses. 

ADB invests $295m in Bihar road projects

Asian Development Bank (ADB) approves $295m loan to widen and upgrade 265km of state highways, improving transport connectivity and safety in the state of Bihar, India.

ADB resilience finance hit $11.4bn in 2022

Private sector partners, 14 bilateral partners, six multilateral partners, and four global funds co-financed 124 sovereign and 41 non-sovereign projects with ADB in 2022.

ADB president demands regional cooperation on climate change and other challenges

Overlapping regions facing major climate impacts along with food and fuel insecurity and supply chain disruptions. 

ADB backs Asia’s first cross-border wind energy project

$693m announced for 600MW wind power plant in Sekong and Attapeu provinces in Laos for energy export to Vietnam.

International development transparency gap revealed in new index

The first ever transparency index of international development operations reveals big gap between public finance (Sovereign) transparency and private-focused funding.

MDBs raise $12bn at start of 2023

Asian Development Bank (ADB) raises $5.5bn, the European Investment Bank (EIB) raises £5bn and the Inter-American Bank (IDB) raises $2bn ahead of ambitious year.

ADB: €193m for Heilongjiang environmental improvement

The Asian Development Bank (ADB) has approved a $193 million loan for environmental improvement and low-carbon development in Heilongjiang, China. 

ADB president warns of four global risks

Asian Development Banks’s Masatsugu Asakawa warns that China’s slowdown, global financial instability, Russia’s invasion of Ukraine, and the threat of new Covid variants are serious threats to Asia’s economic recovery and development. 

ADB warns climate displacements already rising

The Asian Development Bank (ADB) has warned that the last decade already saw 225 million people displaced by natural disasters and climate events, and the decades ahead will be worse. 
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