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TBILISI, Georgia—The Asian Development Bank (ADB) recorded its highest net income allocation in history from its ordinary capital resources (OCR) last year. Addressing the ADB Board of Governors at the Business Session on Sunday, ADB President Masatsugu Asakawa said the 2023 financial statements of the Manila-based multilateral bank’s net income…
In 2019, Ireland announced the formation of a new $13.4 million climate change and disaster resilience fund for Small Island Developing States (SIDS) in the Pacific. The Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States (SIDS) was announced at the Asian Development Bank’s Annual Meeting in Fiji—the first one ever hosted by a Developing Member Country in the Pacific—and would target technical assistance and capacity development in the 14 SIDS countries in the Pacific. Two years on, the fund has already had an impact helping to streng...