Friday 19 August 2022

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ADB managing director general: Water security needs action

Asia and the Pacific must greatly expand its efforts to address water security and resilience needs, says Asian Development Bank's (ADB) Woochong Um.

AfDB appoints acting vice president of regional development

Marie-Laure Akin-Olugbade, née Ndongo-Seh, takes responsibility for regional development, integration and business delivery complex.

Multilateral development banks top aid transparency rankings

The 2022 Aid Transparency Index reports a gradual improvement across many organisations as it names the AfDB, World Bank, ADB and IDB the most transparent. 

IEA says solar supply chain is too concentrated in China

A new International Energy Agency (IEA) report welcomes Chinese investment in bringing down global solar power costs but warns of risks with more than 90% of some components produced only in China.

ADB launches UK-ADB fund and report into green recovery value

A green recovery from the COVID-19 pandemic in Southeast Asia could generate $172bn annually and more than 30 million jobs by 2030, as the ADB and UK accelerate green project funding.

AfDB president calls on Europe to harness African energy

As EU nations return to coal amid concerns about Russian gas, Dr Akinwumi Adesina points out great energy opportunities in Africa if finance can be raised. 

Thailand: First ever social bond raises $295m

The first ever social bond issued through a state-owned financial institution under ASEAN standards. Proceeds to finance poverty alleviation.

EBRD approves new strategy for Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Kazakhstan, setting out the Bank’s priorities in the country for the next five years.

AfDB: $125m for Tanzanian water project

The African Development Bank and the Tanzanian government have signed a $125.2m loan agreement he Dodoma Resilient and Sustainable Water Development and Sanitation Program (Phase I).

What is the G7 infrastructure plan?

In 2021, G7 leaders announced plans to develop a collective global infrastructure plan. At their 2022 summit this weekend they set out some details of that $600bn programme.
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