ADB commits $4.22 B for Phl infra projects

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…

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…