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The world’s six multilateral development banks today reaffirmed their shared commitment to lead by example by continuing to reinforce and further develop climate financing through a joint statement issued in advance of the United Nations Secretary-General’s Climate Summit being convened in New York on 23 September.

ADB has raised Rs3 billion (about $50 million) from its maiden issuance of offshore Indian rupee-linked bonds. This issuance is the first bond issued under ADB’s $500 million offshore rupee-linked bond program and aims to deepen India’s capital markets.

ADB, ORIX Corporation and Robeco Institutional Asset Management B.V. today announced the formation of Asia Climate Partners, a joint venture that will undertake commercially-oriented private equity investments across a variety of environmentally supportive, low-carbon transactions throughout Asia.

PNG’s Nationwide Microbank and ADB's Pacific Private Sector Development Initiative have agreed to join forces to assist women in two small fishing villages to gain entrepreneurial skills and take their produce to market.

ADB is providing a loan package to a private sector bank to help address the funding gap of micro-, small- and medium-sized enterprises, and to a financing company to support the nascent leasing sector in Mongolia. 

A Rs.100 million equity investment from ADB will enable Hippocampus Learning Centers (HLC) to expand its preschool programs to over 700 villages in Karnataka by 2016.

ADB is helping Mongolia’s micro-, small- and medium-sized enterprises (MSME) get better access to bank financing from one of its biggest banks, through a $40 million loan approved today.

Local and offshore demand for emerging East Asia’s local currency bonds is rising again and should continue given strong economic growth prospects in the region, said the ADB's latest Asia Bond Monitor.

Greater international cooperation as well as domestic measures are needed if economies are to protect themselves in the face of future crises, high-level policymakers and market experts at the Governors' Seminar - titled Reducing Vulnerability: Learning From Past Crises - told delegates at the 47th Annual Meeting of the Board of Governors of ADB today.

Small- and medium-sized enterprises are the backbone of Asia’s economies, but they need better access to finance to grow and generate badly needed new jobs for the region, says a new ADB report.