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ADB slashes developing Asia s 2021 economic growth forecast to 7 2%
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ADB lowers Malaysia s GDP to 5 5% for 2021
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ADB trims Asia s 2021 economic growth forecast to 7 2%
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A good reason why Nepal s second International Airport is close to Buddha s birthplace
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ADB, South Korea to co-finance $700 million for climate projects Louise Maureen Simeon © STAR/File ADB, South Korea to co-finance $700 million for climate projects
MANILA, Philippines Manila-based Asian Development Bank (ADB) and South Korea are co-financing $700 million worth of projects in the region over the next three years.
ADB and South Korea recently inked a memorandum of understanding for the co-financing of the multilateral lender’s sovereign development projects.
“With Korea’s support, we will be able to scale up ADB projects focusing on climate change and information and communication technology, which will be key to support a green, resilient, and inclusive recovery in Asia and the Pacific,” ADB president Masatsugu Asakawa said.