MDBs' Climate Finance in Low and Middle-Income Countries Reaches $51 Billion in 2021
Climate finance committed by major multilateral development banks (MDBs) rose by more than 24% last year compared to 2020, according to the 2021 Joint Report on Multilateral Development Banks’ Climate Finance. The 2021 total financing by MDBs already surpassed the 2025 climate finance goals set at the 2019 United Nations Secretary General’s Climate Action Summit in New York.
$1.87-Billion in Contracts Signed for ADB-Financed South Commuter Railway Project in the Philippines
The Philippines’ Department of Transportation has signed four civil works contracts totaling $1.87 billion for the South Commuter Railway Project.
Countries must put geopolitical tensions aside and work together to address urgent challenges related to global health, digital transformation, and climate change. This was the key message of Think20 (T20) Indonesia at the T20 Summit in Bali on 4–6 September.
Insurance schemes can help preserve these natural assets and protect governments, businesses, and society against interruptions in services resulting from ecosystem loss or degradation.
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Closer regional trade and financial integration in Asia and the Pacific has huge benefits that drive economic growth and development.
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The Global Index of Digital Entrepreneurship Systems (GIDES) measures the quality of the environment for digital entrepreneurs by capturing the degree of digitalization in society and the economy and how effectively it supports the entrepreneurial ecosystem. The index allows for a meaningful comparison of the quality of national digital ecosystems across 113 economies.
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