Italy, May 5 -- The Asian Development Bank (ADB) and KfW, the German state-owned development bank, today signed a new amendment to their longstanding cofinancing partnership, with KfW committing an additional $2 billion to support joint operations with ADB through 2028. The new allocation will support cofinancing for sovereign operations in sectors such as clean energy, urban and social infrastructure, water and sanitation, and climate resilience.The agreement was signed in Milan, Italy, during ADB's 58th Annual Meeting in Milan, marking the fourth amendment to the cofinancing memorandum of understanding (MOU) originally signed in 2014. With this latest commitment, KfW's total cofinancing pledge with ADB rises to $10 billion over the period...