Multilateral development assistance
Asian Development Bank (ADB)
More angels coming in search of worthy investments
Two months since a group of angel investors visited Phnom Penh in search of startup investment opportunities, the organisation behind the initiative is planning an even bigger scouting mission, looking for investment opportunities in the Kingdom’s small but vibrant startup community. Seven members of the Mekong ...
Southeast Asian economy grew 4.6% in April-June
The Southeast Asian economy is recovering, posting the sharpest growth in a year and a half in the April-June quarter. The real gross domestic product of five major countries in the region – Indonesia, Thailand, Malaysia, Singapore and the Philippines – expanded 4.6% from a year earlier, surpassing the 4.4% ...
ADB sells $1.3 billion in global green bonds to spur climate financing
The Asian Development Bank has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. Last year, ADB announced that it will double its annual climate ...
Myanmar needs to scale up transport investment: ADB
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The Myanmar needs to invest US$45 billion to $60 billion in transport projects over the next 15 years, to improve connectivity with neighbours and ensure equitable distribution of economic growth, Asian Development Bank officials have said. “Every year, Myanmar will need about $4 billion. This ...
Govt, ADB consult on new country partnership strategy
The Lao government and the Asian Development Bank have jointly discussed preparations for the new ADB Country Partnership Strategy 2017-2021, to align ADB’s support with Lao development priorities in its next five year plan. The consultation meeting was held in Vientiane on 2 June and was jointly ...
ADB affirms support for Lao development
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ADB President Takehiko Nakao on 4 April met Lao Prime Minister Thongsing Thammavong, Minister of Finance Dr Lien Thikeo and Minister of Planning and Investment Mr Somdy Douangdy, to discuss how the ADB can support the country’s infrastructure, private sector, skills development, and health services to enable ...
Laos, Cambodia, Myanmar in line for US$180m loan
The Climate-Friendly Agribusiness Value Chains Sector Project will provide a US$180 million loan to finance initiatives in Laos, Cambodia and Myanmar to boost the capacity of commercial production in the three countries. A senior official from the Ministry of Agriculture and Forestry, Mr Vinoth Vansy, told ...
New university to link up to SE Asian economic corridor
A new research university at Savannakhet – Laos’ second-largest city – in the western region is being built with loans and funding of up to US$40 million from the Asian Development Bank, or ADB, to provide skilled graduates for the region’s ‘economic corridor’ that runs ...
ADB keen to support megaprojects
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The Thai government’s megaproject investment is likely to use domestic lending sources in the initial phase with foreign lenders joining in the later stage, says the Asian Development Bank (ADB). Based on discussions with the Finance Ministry, Yasushi Negishi, the country director for the ADB’s Thailand ...
ADB boosts climate funds
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The pool of climate finances available to Southeast Asia is set to expand following an announcement by the Asian Development Bank (ADB) that it plans to double its climate funding to the region by 2020 – a move welcomed by the Cambodian government and climate ...