The Asian Development Bank (ADB) has committed to lend $4.22 billion to the Philippines for development and infrastructure programs and extend technical assistance valued at $9.3 million until 2019. The multilateral fund’s new country operations and business plan (COBP) for the Philippines is aimed at helping the country achieve more inclusive growth and address income…
Tag: asian development bank
ADB funding for climate change projects reaches US$3B
The Asian Development Bank (ADB) is now administering over $3 billion in funding for various climate change-related projects in developing countries in the Asia Pacific region. Its Climate Investment Funds (CIFs) remain as the largest source of funding with a contribution of $1.5 billion to the total. The Clean Technology fund has an allocation of…