The ASEAN Green Recovery Platform will use revolving funds to catalyze financing for a pipeline of green infrastructure projects.
Four partners have collectively pledged $665 million toward a platform managed by the Asian Development Bank (ADB) that aims to mobilize an additional $7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia and accelerate the region’s recovery from the coronavirus disease (COVID-19).
The Asian Development Bank (ADB) has launched a new report aimed at helping developing countries tap into global capital markets to support a green, resilient, and inclusive recovery from the coronavirus disease (COVID-19) pandemic and meet the Sustainable Development Goals (SDGs).
ADB supports a green, resilient, and inclusive recovery in the region, incorporating climate and environmental sustainability, with support from the ASEAN Catalytic Green Finance Facility.
The Asian Development Bank (ADB) and the Republic of Korea today signed a memorandum of understanding earmarking $700 million in cofinancing from the Republic of Korea for ADB sovereign development projects over the next 3 years.
The ASEAN Catalytic Green Finance Facility provides funds to boost sustainable economic recovery in Southeast Asia.
$300 Million from Green Climate Fund to Support ADB’s First Green Recovery Program in Southeast Asia
The Green Climate Fund has allocated $300 million to support the Asian Development Bank's efforts to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the (COVID-19) pandemic.
ADB has approved a $123 million loan to help the Philippines build safe, wide, well-lit, and disaster-resilient elevated walkways for pedestrians along Manila’s most congested thoroughfare, the Epifanio de los Santos Avenue (EDSA).
ADB has approved a $70 million loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products such as cassava, cashews, mangoes, vegetables, and native chickens.
Green Finance Recovery Mechanisms Needed to Meet Infrastructure Financing Gap in Southeast Asia — ADB
A new book by ADB urges policy makers in Southeast Asia to use green and innovative financing approaches to help catalyze the estimated $3.1 trillion investments required for climate-adjusted infrastructure in the region by 2030. These investments from both public and private sources would be critical to the region’s economic recovery from the coronavirus disease (COVID-19) pandemic.
ADB is assisting the Government of Thailand in designing, issuing, and monitoring innovative capital market initiatives as part of the country’s recovery from the coronavirus disease (COVID-19) pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals.
The European Union announced today it is preparing to support the Association of Southeast Asian Nations’ Catalytic Green Finance Facility with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia.
ADB and the World Economic Forum signed an agreement to accelerate the flow of public and private finance into sustainable infrastructure in Southeast Asia through an Association of Southeast Asian Nations (ASEAN) hub for the Sustainable Development Investment Partnership.
ADB, Infrastructure Asia Sign Agreement to Promote Innovative and Green Finance for Sustainable Infrastructure in Southeast Asia
ADB and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast Asia adopt innovative and green finance approaches to identify and develop bankable and sustainable infrastructure projects in the region, where the annual infrastructure investment needs total $210 billion until 2030.
ADB President Takehiko Nakao met Prime Minister Dr. Mahathir Mohamad today during a 2-day visit to Malaysia. They previously met in Kuala Lumpur in March 2013, shortly before Mr. Nakao took office at ADB.
ADB President Mr. Takehiko Nakao and the Republic of Korea Deputy Prime Minister Mr. Nam-ki Hong today signed a Declaration of Intent to support green infrastructure in Southeast Asia.
ADB President Takehiko discussed ADB's economic outlook for ASEAN, the role ADB can play in helping the region invest in infrastructure, and how countries can harness the use of financial technology (fintech) to promote financial inclusion.
Southeast Asian governments, ADB, and major development financiers today launched the "ASEAN Catalytic Green Finance Facility", a new initiative to spur more than $1 billion in green infrastructure investments across Southeast Asia.