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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 Approves $350 Million for Sri Lanka Economic Stabilization Program

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| News Releases, IED News Release

ADB Helps Connect Central Asian Countries — Independent Evaluation Report

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.

| News Releases, News Release

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.

| Video

Improving Water Supply Management with an Innovative System

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.

| News Releases, News from Country Offices

Philippines’ Tech Startup Ecosystem Making Progress

A supportive ecosystem for startups has been established in the Philippines, providing a platform for the development of innovative enterprises, according to a new report by ADB.


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Perspectives View All Perspectives

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blog | 22 May 2023

The Crucial Role of Financial Institutions in Asia and the Pacific's Climate Change Battle

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.

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blog | 19 May 2023

Indonesia's Digital Transformation: Leave No Region Behind

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.

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blog | 16 May 2023

Asia's Coastal Areas Are More Than Just Carbon Credits

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.


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Upcoming Events View All Events

| ADB Headquarters, Manila, Philippines

11th Business Opportunities Fair 2023

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.

| Singapore

Trade and Supply Chain Finance Program Awards 2023

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.

| Online

ADBI-Cambridge University Online Course on Digital Assets for Regulators

The course will explore the latest advancements in digital assets, the environmental, social, and governance impacts, and strategies and tools for mitigating associated risks.

| ADB Headquarters, Manila, Philippines, 9:00 a.m. - 5:30 p.m., Manila time (GMT +8)

Asia Clean Energy Forum 2023

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.


 

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