According to ADB, this transformative initiative also involves a USD 3.25 million first-loss liquidity reserve from the Climate Innovation and Development Fund (CIDF), administered by ADB.
As per ADB, Yang, an experienced figure with over 30 years of expertise in economic development, will undertake this pivotal role for a tenure of three years.
According to a report by ADB, since its inception in 2013, the trust fund has played a crucial role in leveraging over USD 1.64 billion in ADB investments dedicated to citywide inclusive sanitation (CWIS) projects across ADB developing member countries (DMCs).
Through this project, ADB will help upgrade tourist destinations, such as the Chaturdash Devata Temple, Kasaba Kalibari, and Neermahal Palace, by improving the amenities, rooms, and landscaping, and making them more visitor- and gender-friendly destinations.
Expressing commitment to supporting Tripura's governmental priorities, ADB Principal Urban Development Specialist Tomoo Ueda stated, "ADB is committed to support the Tripura government's priorities of improving urban services and tourism infrastructure to help boost economic development".
The central government has signed a USD 400 million policy-based loan with the Asian Development Bank (ADB) to support its urban reform agenda for creating high-quality urban infrastructure, improving service delivery, and promoting efficient governance systems.
The announcement took place during the Asia-Pacific Natural Capital Forum, hosted on November 7-9. This event was a collaborative effort between ADB and Stanford University's Natural Capital Project.
According to a release by ADB, a significant number of households in the CHT region have traditionally depended on shared tube wells located in remote areas or have sourced untreated surface water.
According to a press release by ADB, this initiative is part of a broader strategy to support the Indian government's urban reform agenda, enhancing the quality of urban life by fostering top-notch urban infrastructure, ensuring reliable public services, and streamlining governance systems.
Emerging Asian economies grapple with an array of challenges in conducting monetary policy, from the impacts of COVID-19 shocks to the ripple effects of unconventional monetary policies in advanced nations, fluctuations in capital flows, shifts in commodity prices, and the surge of digital f
According to a press release by ADB, the Asia Small and Medium-Sized Enterprise Monitor 2023, unveiled on Tuesday, underscores key factors for enabling these businesses to thrive and contribute to inclusive and sustainable growth.