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MNCs' scaling back on ESG won't derail AsPac's march

BILISI, Georgia—The long history of resilience of countries in the region, including the Philippines, gives the Asian Development Bank (ADB) confidence that no amount of scaling back by multinationals of sustainability efforts can derail climate change-related activities in Asia and the Pacific. In an interview with the BusinessMirror, Ramesh Subramaniam,…
Republic Of United States The Philippines Pavit Ramachandran Ramesh Subramaniam Ayala Corporation

ADB unlocks $100B in fresh funding to boost regional growth in next 10 years • Cai U. Ordinario

The Manila-based multilateral development bank, the Asian Development Bank (ADB), decided to expand its funds to enable it to mobilize financing to help the region face crises in the next decade. In a statement, ADB said these efforts would unlock $100 billion in new funding to help Developing Member Countries (DMCs) to overcome “overlapping, simultaneous
Masatsugu Asakawa Asian Development Bank Developing Member Countries Adequacy Framework Countercyclical Lending Buffer

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ADB OKs $18B lending cap for 'green' recovery

THE Asian Development Bank (ADB) has expanded its policy-based lending to help more Developing Member Countries (DMCs) better respond to crises in the next two years. ADB has approved a ceiling of up to $18 billion to help DMCs like the Philippines address gaps in financing requirements in their pursuit…
Tomoyuki Kimura Partnerships Department Asian Development Bank Development Bank Developing Member Countries Countercyclical Support Facility

Help nations to prevent health crisis from becoming eco crisis: FM to ADB

India on Wednesday asked multilateral lending institutions like the Asian Development Bank (ADB) to extend support to developing countries to prevent the COVID-induced health crisis from turning into a full-blown economic catastrophe. Addressing the 54th annual meeting of the board of governors of the ADB, Finance Minister Nirmala Sitharaman also underlined the need for a "coordinated and inclusive" global strategy to avoid the long-term debilitating impact of the pandemic on the developing e...
Nirmala Sitharaman Sector Operations Branch Office Sustainable Development Goals Asian Development Fund Asian Development Bank Finance Minister Nirmala Sitharaman

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