France, June 26 -- 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. Since the framework agreement was signed in October 2022, ADB and AFD have jointly mobilized $4.64 billion in cofinancing, exceeding the initial $3 billion target. This includes $3.2 bill...