MDBs Provide Record Climate Finance for Low and Middle-Income Economies in 2022
Climate finance provided by multilateral development banks reached a new record high of nearly $61 billion in 2022, according to a joint report.
ADB committed $7.1 billion to climate finance, including $4.3 billion in climate change mitigation finance and $2.8 billion for climate change adaptation. The bank also mobilized $548 million in climate finance from the private sector.
Unlocking Maritime Insights Using Automatic Identification System Data
Recent global supply chain disruptions have underscored the need for more timely and accurate data. A new publication shows how indicators from Automatic Identification System Data (AIS) can be used to supplement official statistics.
Highlighting how AIS data can capture the impact of events on major ports and maritime highways, the study outlines a framework to support a broader understanding of maritime activities from major hubs and cases of disruptions.
A Private Sector Wind Farm in Viet Nam is Powering the Grid and Communities
Viet Nam is becoming one of the biggest energy consumers in Southeast Asia. To meet its power demand sustainably, the government aims to expand its energy generation capacity, with nearly 40% of that capacity expected to come from renewable energy sources.
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Read how ADB arranged and syndicated a package to finance the Lotus Wind Power Project, the first internationally-financed wind power project in the country.
Stabilizing Kazakhstan's Banks: Clear Rules and Tighter Regulations Needed
Kazakhstan's banking sector has seen extensive state support, leading to increased fiscal costs and a growing dependency on public funds, write ADB Senior Country Specialist Mirzo Iskandar Gulamov, and Aliya Tlegenova.
In this blog , the two authors explain why regulatory and other reforms are needed to address the situation.
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Development Professional
1 年Congratulations ADB’s landmark initiative of climate financing !
Chartered Accountant at G.Satapathy and Company, Chartered Accountants
1 年Thanks for sharing
Sr. Advisor (Fortune 500 MNCs) | Independent Director | IAS (Retd.) Sec. GOI ('83 Batch) | MBA - IIM-A ('80) | Eco. (Hons.) - St. Stephens ('78) (DU Topper)
1 年Good Similarly Pl do something big for hunger reduction in Asia Cheers jkdadoo
Founder of GNCORP
1 年Developing Nations do not have the resources "financial, materials and infrastructure" to transition to renewable energy sources. If we on a global scale are to transition to renewables and become sustainable, then we need all countries to transition.