ADB Celebrates Partnership with Europe, Highlights Private Sector Opportunities
Philippines, Feb. 4 -- The Asian Development Bank (ADB) launched celebrations at its Manila headquarters to mark the 30th anniversary of its European Representative Office and to highlight Europe's collaboration with ADB to advance sustainable development across the region. Since ADB was founded in 1966, European members have provided more than $18 billion in project cofinancing, nearly $2 billion in trust fund contributions, and accounted for over 28% of total funding for the Asian Development Fund-the bank's main source of grants supporting the poorest and most vulnerable communities in Asia and the Pacific.European companies have played an important role in delivering ADB projects across key sectors including energy, transport, water, an...
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