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ADB, Luli Wood Sign Green Loan to Advance Circular Economy in PRC's Forestry Value Chain

China, Dec. 3 -- The Asian Development Bank (ADB) and Shouguang Luli Wood Inc. (Luli Wood) have signed a $50 million green loan (about CNY353.63 million) to support the construction of an oriented str... Read More


Asian Development Bank and the World Bank Group Announce Pacific Projects as First Proposed Under Groundbreaking Partnership Initiative

Philippines, Dec. 3 -- World Bank Group President Ajay Banga and Asian Development Bank (ADB) President Masato Kanda today announced the first two Pacific projects to be delivered under the Full Mutua... Read More


ADB Approves Support to Strengthen Power Sector Reforms in Sri Lanka

Sri Lanka, Dec. 3 -- The Asian Development Bank (ADB) has approved a $100 million policy-based loan to further support Sri Lanka in strengthening its power sector. This financing builds on earlier ini... Read More


ADB President Announces Emergency Grants for Flood Relief Across Southeast Asia and Sri Lanka

Philippines, Dec. 3 -- Asian Development Bank (ADB) President Masato Kanda on Wednesday announced that ADB will provide immediate grant support of up to $3 million to Sri Lanka; $2 million to Thailand... Read More


ADB Supports Disaster-Resilient Road Development in Indonesia's Southern Java

Indonesia, Dec. 3 -- The Asian Development Bank (ADB) has approved a $300 million loan to construct approximately 72 kilometers of disaster-resilient roads along the southern coast of Java, Indonesia,... Read More


ADB President Joins King Charles III at Roundtable on Private Capital Mobilization for Sustainable Development

United Kingdom, Dec. 3 -- Asian Development Bank (ADB) President Masato Kanda joined His Majesty King Charles III and fellow leaders at a high-level roundtable at St. James's Palace to accelerate priv... Read More


African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia's economy and create jobs

Namibia, Dec. 3 -- The African Development Bank Group's Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclu... Read More


African Development Fund approves $19 million grant to strengthen urban resilience for displaced and host communities

Somalia, Dec. 3 -- The Board of Directors of the African Development Fund (ADF) has approved a grant of $19.7 million to improve living conditions for 20,000 vulnerable households and support the loca... Read More


African Development Bank Group grants full debt relief to Somalia following HIPC completion

Somalia, Dec. 3 -- The African Development Bank Group has approved additional debt relief for Somalia, clearing the way for full cancellation of all African Development Fund loans to the country cover... Read More


African Development Bank Group approves €17.7 million to advance public sector digitisation

Cape Verde, Dec. 3 -- The Board of Directors of the African Development Bank Group has approved a €17.71 million loan to support the second phase of Cabo Verde's E-Governance and Public Financia... Read More