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APEC senior officials hold virtual discussions on economic cooperation
Senior officials from the Asia-Pacific Economic Cooperation (APEC) economies held a virtual meeting on May 28th to discuss economic cooperation and open markets to counter the COVID-19 outbreak.
ADB accelerating renewable energy in Mongolia with advanced battery storage system
10:49 24/04/2020
(CPV) - The Asian Development Bank (ADB) has approved a USD100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).
UNDP: USD30 million rapid response facility launched for vulnerable countries
10:39 24/04/2020
(CPV) - Pre-existing conditions such as poverty, insecurity, weak governance and fragile infrastructure in low-and middle-income countries threaten to exacerbate the impact of COVID-19 if not immediately addressed. UNDP’s Rapid Response Facility aims to help expedite and facilitate this urgent support.
ADB sells USD4.5 billion 5-year global benchmark bond
15:14 23/04/2020
(CPV) - The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a USD4.5 billion 5-year global benchmark bond issue, proceeds of which will be part of ADB’s ordinary capital resources.
FDI into Indonesia falls in Q1
11:30 21/04/2020
About 6.33 billion USD of foreign direct investment (FDI) flowed into Indonesia in the first quarter of this year, down 9.2 percent year on year, as the COVID-19 pandemic has halted global investment, said the Indonesian Investment Coordinating Board (BKPM).
Philippines may lose 4.5 billion USD remittances to COVID-19: insider
11:04 21/04/2020
The Philippines is likely to lose about 228 billion PHP (4.5 billion USD) this year in remittances from about 10 million overseas Filipino workers (OFWs) due to the COVID-19 pandemic.
ADB President, Bangladesh Finance Minister discuss support for COVID-19 response
10:44 21/04/2020
(CPV) - Asian Development Bank (ADB) President Masatsugu Asakawa and Bangladesh Finance Minister and ADB Governor A H M Mustafa Kamal discussed ADB’s support to Bangladesh in its fight against the novel coronavirus disease (COVID-19) pandemic on April 20th 2020.
ADB Ventures raises USD50 million, exceeding fund capitalization target
10:32 20/04/2020
(CPV) - ADB announced that ADB Ventures, its new impact investment platform, will soon commence operations after successfully raising the equivalent of USD50 million from multilateral and bilateral development partners and exceeding its first fund close target.
ASEAN pledges to ensure food security during COVID-19 pandemic
10:35 18/04/2020
The ASEAN Ministers on Agriculture and Forestry (AMAF) have issued a joint statement reaffirming commitment to ensure food security, food safety and nutrition in the region during the COVID-19 pandemic.
Cambodia’s economy impacted by record-low oil prices
10:43 17/04/2020
A grim report on the world economy by the International Monetary Fund (IMF) announced on April 15 caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand.