India, June 29 -- PARIS - The Asian Development Bank (ADB) and Agence Francaise de Developpement (AFD) signed an amendment to their Partnership Framework Agreement today, raising their joint cofinancing target to $6 billion for the period 2026-2028 from their previous 3-year target (2023-2025) of $3 billion. The additional cofinancing will support activities in key sectors.

The amendment reflects the strong momentum and strategic alignment between the two institutions. It was signed by ADB President Masato Kanda and AFD Chief Executive Officer Remy Rioux in Paris.

"AFD is a trusted partner of ADB, and our strengthened collaboration shows how we can translate shared goals into real results for people and the planet," said Mr. Kanda. "Dou...