The financing will be used for long-term capital requirements for engineering, procurement, and construction, and the subsequent operation and maintenance of the sewage treatment plants.
The ADB loan will help enhance access to financial services for vulnerable groups, most notably micro, small, and medium-sized enterprises (MSMEs); women; youth; and those living in rural areas, ADB said in a statement on Tuesday.
It will help countries to mobilize financing for nationally determined contributions by improving investment planning, identifying and developing projects, and building country capacity to accelerate a pipeline of green projects for the region.
New Delhi [India], October 15 (ANI): Climate finance committed by major multilateral development banks rose by more than 24 per cent in 2021 compared to the previous year, according to the latest Joint Report on Multilateral Development Banks' Climate Finance, published on Friday.
Manila [Philippines], September 28 (ANI): The Asian Development Bank (ADB) has announced it plans to provide at least USD 14 billion over 2022-2025 as support to ease a "worsening food crisis" in Asia and the Pacific.
New Delhi [India], September 22 (ANI): Pakistan's economy is forecast to slow to 3.5 per cent in the financial year 2022-23 due to reasons like devastating floods and policy tightening, the Asian Development Bank (ADB) has said in its latest report.
New Delhi [India], September 21 (ANI) The Asian Development Bank (ADB) lowered India's GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
New Delhi [India], September 10 (ANI): Asian Development Bank (ADB) Vice-President Shixin Chen during his India visit from 5th to 9th September reiterated ADB's commitment to further strengthen its partnership with India and affirmed ADB support to the government's development priorities
Mumbai (Maharashtra) [India], September 2 (ANI): IndusInd Bank on Friday announced a strategic partnership with Asian Development Bank (ADB) to support and promote supply chain finance solutions in India.