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ADB & UK to develop $134 mn fund for green financing in SE Asia

VIETNAM BUSINESS NEWS JULY 7

ADB, UK put up fund for ASEAN green efforts

The Asian Development Bank and the UK have inked a memorandum of understanding for a £107 million (around $134 million) trust fund to support projects in the Association of Southeast Asian Nations that promote environmental sustainability and climate-resilient development.

$134 Million UK Fund to Help Catalyze Green Financing in Southeast Asia

$134 Million UK Fund to Help Catalyze Green Financing in Southeast Asia
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ADB, UK creating $134-M green finance trust fund

THE Asian Development Bank (ADB) and the United Kingdom government are setting up a trust fund to support Association of Southeast Asian Nations (Asean) countries achieve climate-resilient development. The ADB and London has signed a memorandum of understanding to establish the £107 million or $134 million UK Asean Catalytic Green Finance…

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