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ADB Proposes SDG Accelerator Bonds for Green Infrastructure Projects in Southeast Asia
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ADB - Asian Development Bank (via Public) / ADB Proposes SDG Accelerator Bonds for Green Infrastructure Projects in Southeast Asia
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Manila [The Philippines], May 6 (ANI): The Asian Development Bank (ADB) and South Korea have signed a memorandum of understanding earmarking 700 million dollars in co-financing from South Korea for ADB sovereign development projects over the next three years.
“I would like to warmly thank the Republic of Korea for its strong and enduring partnership with ADB,” said ADB President Masatsugu Asakawa Asakawa.
“With the Republic of Korea’s support, we will be able to scale up ADB projects focusing on climate change and information and communication technology, which will be key to support a green, resilient, and inclusive recovery in Asia and the Pacific.”
South Korea earmarks USD 700 million for climate and ICT projects with ADB
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South Korea earmarks $700 million for climate, ICT projects
ANI
06 May 2021, 23:03 GMT+10
Manila [The Philippines], May 6 (ANI): The Asian Development Bank (ADB) and South Korea have signed a memorandum of understanding earmarking 700 million dollars in co-financing from South Korea for ADB sovereign development projects over the next three years. I would like to warmly thank the Republic of Korea for its strong and enduring partnership with ADB, said ADB President Masatsugu Asakawa Asakawa. With the Republic of Korea s support, we will be able to scale up ADB projects focusing on climate change and information and communication technology, which will be key to support a green, resilient, and inclusive recovery in Asia and the Pacific. Half of the earmarked amount 350 million dollars will cofinance projects through the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) established in 2019 by ASEAN governments under the ASEAN Infrastruct