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Asian Development Bank (ADB)

The Asian Development Bank (ADB) today approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India.

ADB Approves $434.25 Mn Loan to Establish Solar Facility in Assam,...

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The Asian Development Bank (ADB) has officially closed the nomination period for its next president. Voting by the ADB’s Board of Governors will begin on October 28, 2024.

Voting Set to Open for Next ADB President

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The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan further improve national road connectivity by developing a demonstration green corridor in the country.The project will upgrade the existing degraded two-lane 49-kilometer Dangara–Guliston road, widening this to four lanes. The project is the first to pilot the innovative methods promoted in the ADB Green Roads toolkit.

ADB Approves $86.67 Mn Grant to Develop Green Road Corridor in...

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The Asian Development Bank (ADB) has appointed Shanny Campbell as its Country Director for the Lao People's Democratic Republic (Lao PDR). She assumed office this week. Ms. Campbell will lead ADB’s operations in the Lao PDR in support of its national development goals, including its ambition to reduce greenhouse gas emissions by 60% by 2030.

ADB Appoints Shanny Campbell as Lao PDR Country Director

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The Asian Development Bank (ADB) has approved a $200 million loan to help upgrade water supply, sanitation, urban mobility, and other urban services to enhance the quality of life and climate resilience of the people in Uttarakhand India.The Uttarakhand Livability Improvement Project will improve transportation and urban mobility, drainage, flood management, and overall public services in Haldwani, which serves as the state’s economic hub.

ADB Approves $200 Mn Loan to Enhance Livability in Uttarakhand, India

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The Asian Development Bank (ADB) has approved a $241.3 million loan to improve power supply distribution in West Bengal, India. This will enhance people’s quality of life by ensuring access to reliable, quality, and sustainable power.

ADB Approves $241.3 Mn Loan to Improve Power Supply Distribution in...

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The Asian Development Bank (ADB) is providing the Government of Solomon Islands with the second tranche of financing for its Land and Maritime Connectivity Project totaling $53 million. The project is strengthening transport infrastructure in the Solomon Islands. The Land and Maritime Connectivity Project was approved by the ADB Board in June 2021, to be funded by a concessional loan of $74.4 million and a grant of $74.5 million. The grant is sourced from the Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries. The Government of Solomon Islands contributes the remaining $21.8 million of the project’s overall cost of almost $171 million. The project is a 10-year multitranche financing facility, enabling ADB’s long-term support to the country’s transport sector. Tranche 2 will continue rehabilitating and climate-proofing road transport infrastructure from the first tranche. Works on the remaining 26 kilometers (km) of the Henderson–Mberande road section have commenced, while rehabilitating the 1.7 km Honiara City Council–Ground section and upgrading the 3.1 km Town Ground–White River section are ongoing. Both are critical road links on Guadalcanal Island. Climate resilience features are integrated into the road design to ensure all-year access along the east-west corridor on the island. After the completion of civil work, 5-year performance-based maintenance will follow to sustain road quality and endurance. Maritime transport infrastructure will be improved in the second tranche, with work beginning for the provincial wharves under the project in Kira Kira and work in Ahanga expected to start soon. Marketplaces and passenger buildings will be included as part of the provincial wharves. Support for institutional improvement is a key element of the project, particularly in the second tranche. Part of the support is to develop a gender strategy to support women in technical and leadership roles in the Ministry of Infrastructure Development. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

ADB Provides $53 Mn Financing to Government of Solomon Islands

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The Asian Development Bank (ADB) has approved a $200 million equivalent loan to help build and implement green, low-carbon, climate-resilient, and cross-sector urban development measures in Chongqing Gaoxin District in Chongqing Municipality, the People’s Republic of China (PRC).

ADB Approves $200 Mn loan to Support Green and Low-Carbon Urban...

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The Asian Development Bank (ADB) and Arnur Credit Limited Liability Company have signed a senior unsecured loan of up to $5 million (in tenge equivalent) to expand access to finance for micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan, with a focus on women-led MSMEs (WMSMEs) and as well as green loans.

ADB, Arnur Credit Sign Deal to Boost Financial Access for Women-Owned...

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The Asian Development Bank (ADB) has invested $12.5 million in a green bond issued by Khan Bank JSC under the first green thematic bond program on the Mongolian Stock Exchange.

ADB Invests $12.5 Mn in Khan Bank’s Milestone Green Bonds, a...

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