Asian Development Bank boosts 2019-2030 climate financing goal to $100 billion
The additional $20 billion in financing support will provide support for climate mitigation efforts including low-carbon energy sources.
Japan's Asakawa re-elected as ADB chief, vows to help pandemic recovery
The Asian Development Bank (ADB) said Tuesday that its president, Masatsugu Asakawa, was re-elected for a second term. "My vision for the upcoming term is for the ADB to serve as the premier development institution for Asia and the Pacific as it supports its developing ...
Financial firms develop plan for early closure of Asian coal plants
The proposal offers a potentially workable model, and early talks with Asian governments and multilateral banks are promising, sources said.
NGOs call on Asian Development Bank to end fossil fuel loans
The international lender holds its annual meeting this week with a focus on a green economic recovery.
Japan to offer Bangladesh loans worth ¥338 billion for infrastructure
The Japanese government said Wednesday it will extend loans totaling up to ¥338.25 billion ($3.17 billion) to Bangladesh for seven projects, most of which will be building infrastructure to support its economic growth. Of the total, Japan will offer as much as ¥89.02 billion for ...
Japan extends ¥50 billion loan to Philippines to fight COVID-19 outbreak
Japan and the Philippines signed Wednesday a ¥50 billion ($465 million) loan agreement to help fund the Southeast Asian nation's coronavirus response. "This ¥50 billion loan seeks to help curtail the spread of COVID-19 in the Philippines and shore up the government's emergency response and ...
Japan former top currency diplomat Asakawa takes office as ADB chief
Former Vice Finance Minister for International Affairs Masatsugu Asakawa took office Friday as president of the Asian Development Bank, the Manila-based organization said. Japan's former top currency diplomat succeeded Takehiko Nakao, 63, who led the ADB since April 2013 until he stepped down Thursday. Asakawa's ...
ADB inks $50 million satellite deal backed by Japan to spread internet use in Asia-Pacific
The Asian Development Bank has signed a $50 million loan agreement to spur internet use in the Asia-Pacific region, with half the financing coming from a fund supported by the Japan International Cooperation Agency. The project will extend low-cost, high-speed internet availability through a communications ...
Former top Japan currency envoy Masatsugu Asakawa to lead Asian Development Bank
Former Vice Finance Minister for International Affairs Masatsugu Asakawa has been selected as the new president of the Asian Development Bank, the organization said Monday. On Jan. 17, the former top currency diplomat will succeed Takehiko Nakao, who has led the ADB since April 2013. ...
Japan eyes ex-top currency diplomat Masatsugu Asakawa as next head of ADB
The government has decided to recommend former vice finance minister for international affairs Masatsugu Asakawa as the next chief of the Asian Development Bank by the end of this year, according to sources. The top ADB post has been held by Japanese since the launch ...
Japan calls on Asian Development Bank to reduce loans to China
Finance Minister Taro Aso called on the Asian Development Bank on Saturday to scale back easy money to countries like China that have developed to the point of no longer needing financial aid. "ADB should hold substantive discussions on a concrete path toward graduation while ...
