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Six leading multilateral development banks provided almost $24 billion worldwide in financing in 2013 for projects in developing and emerging economies that address the challenges of climate change, according to the third annual joint MDB report on climate finance.

The Government of Timor-Leste, ADB and vocational training centers-Don Bosco Comoro, Dili Institute of Technology Baucau, SENAI Becora, and CNEFP Tibar will join forces today to support a series of demonstrations of skills gained by trainees who have participated in the Timor-Leste Mid-Level Skills Training Project.

ADB and the Government of India today signed an agreement for a $63.3 million loan that will help improve urban services and strengthen municipal and project management capacity in 14 towns of North Karnataka.

ADB and the Government of India today signed two loans totaling $150 million to help build transmission lines that will support renewable energy development in the state of Rajasthan. 

Tourism could generate an additional $330 million in earnings and 27,000 new jobs in the Lao PDR under a project supported by ADB to upgrade the country’s tourism infrastructure, boosting the industry’s contribution to the economy.

ADB approved a $49 million loan and a technical assistance grant of $900,000 to support the sustainability of Armenia’s road and water sectors, which have deteriorated due to limited investments and challenges in the public management systems.

ADB is supporting a 290-megawatt hydropower project in the Lao People’s Democratic Republic (Lao PDR) under a public-private partnership arrangement.

ADB has welcomed a new law making it easier to register businesses in the Solomon Islands. ADB provided policy guidance and support in drafting of the legislation which is part of wider reforms to regulatory frameworks for businesses in the Pacific.

ADB has approved a $15.58 million project to help the Solomon Islands rebuild transport infrastructure damaged by recent flash floods.

ADB will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a $118 million project to provide a safer, cost-effective rural road network.