ADB Approves $350 Million for Sri Lanka Economic Stabilization Program
ADB has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to stabilize the economy and lay the foundation for economic recovery and sustained growth.
ADB has launched a new country partnership strategy for India with a focus on deepening its engagement with the country and supporting India’s drive for robust, climate-resilient, and inclusive growth.
ADB has helped advance transport and energy connectivity among member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, but progress on improving regional economic competitiveness, trade, and the supply of regional public goods in the subregion has been more limited, according to an independent evaluation report.
ADB has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to stabilize the economy and lay the foundation for economic recovery and sustained growth.
In the town of Lekhnath in western Nepal a GeoViewer asset management system has been installed allowing the Water Users Committee to effectively manage and monitor their resources, plan maintenance and repairs, and keep track of asset performance in real-time.
Climate change is hitting Asia and the Pacific hard, with many countries ill-prepared for the crisis. Yet, financial institutions stand poised to make a difference if they promote sustainable practices and receive the right support.
Technological transformation in Indonesia should take into account the different needs and opportunities of each region to avoid exacerbating development disparities. Targeted policies are needed to prepare these areas for digitization.
The emergence of ‘blue carbon’ in the global carbon markets could help protect Southeast Asia's coastlines, but these habitats should be valued for more than their carbon.
The ADB Business Opportunities Fair 2023, to be held 4-5 October in Manila, Philippines, is a one-stop forum for consultants, contractors, manufacturers, and suppliers looking to provide goods and services for ADB projects.
The TSCFP Awards 2022 on 5 September 2023 recognize the outstanding contribution of TSCFP's partner banks in boosting trade and supply chain finance in Asia and the Pacific.
The course will explore the latest advancements in digital assets, the environmental, social, and governance impacts, and strategies and tools for mitigating associated risks.
ACEF 2023 will be a 4-day in-person event to be held at ADB Headquarters in Manila on the week of 13–16 June 2023.