Multilateral development assistance

Asian Development Bank (ADB)

Greenwashing Big Hydropower

Despite being linked to several disasters, the Asian Development Bank has reaffirmed its commitment to large hydro developments. Rishika Pardikar speaks to people holding it to account. Large hydropower projects, which use moving water to create electricity, can have destructive consequences for the environment – despite their seemingly ...

Rishika Pardikar

Thailand cited as one of the ten most flood-affected countries in the world

“Climate Risk Country Profile – Thailand” outlines rapid onset and long-term changes in key climate parameters, as well as the impact of these changes on communities, livelihoods, and economies—many of which are already underway. The publication is part of a series of climate risk country profiles ...

Asian Development Bank and Headline Editor

Finance firms plan to close coal plants in Asia

Some of the world’s biggest financial institutions are working on a plan to speed the closure of coal-fired power plants in Asia, the BBC has been told. The initiative was developed by UK insurer Prudential, is being driven by the Asian Development Bank (ADB), and includes ...

Thai economic recovery trails others in Asia - ADB

Developing Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic product ...

BLOOMBERG NEWS

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19

The borrowing is a part of an executive emergency decree empowering the Thailand’s Finance Ministry to seek loans up to one trillion baht ($32 Bln) to combat economic and social problems resulting from COVID-19 . Finance Minister Arkhom Termpitayapaisith and Hideaki Iwasaki, country director for the ...

Changyong Rhee

ADB Approves $484-Million Loan for Expressway Linking Myanmar’s Bago Region, Mon State

The Asian Development Bank (ADB) has approved a US$484-million (624.52-billion-kyat) loan to construct a new expressway connecting Bago Region and Mon State, which lie along Japan’s planned East-West Economic Corridor, a grand infrastructure scheme for the Greater Mekong Subregion (GMS). The ADB said the new GMS ...

NAN LWIN

ADB supports Thailand green bonds for Covid-19 recovery

The Asian Development Bank (ADB) is assisting the government of Thailand in designing, issuing and monitoring innovative capital market initiatives as part of the country’s recovery from the Covid-19 pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals. ADB’s ...

Chito Santiago

Asia sees first regional recession in 60 years

The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into recession. It is the first time in six decades that “developing Asia” – a designation that includes 45 countries – has seen a regional slump. The ADB says developing Asia’s economy ...

The Asia Development Bank Extends a $250 million loan to Cambodia

The Asian Development Bank (ADB) on July 8 approved a $250 million loan to help the Cambodian government rebuild the country’s economy that has been severely affected by the Coronavirus Disease 2019 (COVID-19) pandemic. According to the ADB’s press release, this loan will go toward strengthening ...

ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal ...

THIHA KO KO

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