The Asian Development Bank (ADB) committed $20.5 billion last year to help its developing member countries, including the Philippines, continue to recover from the pandemic despite fresh economic headwinds and crises. ManilaBulletin
The Asian Development Bank commits $20.5 billion from its own resources in 2022 to help Asia and the Pacific continue its recovery from the Covid-19 pandemic despite fresh economic headwinds and crises.
The Asian Development Bank committed $20.5 billion last year to help its developing member countries, including the Philippines, continue to recover from the pandemic despite fresh economic headwinds and crises. ADB committed $6.7 billion in financing for climate mitigation and adaptation in 2022, in line with its plan to provide $100 billion in cumulative climate financing from 2019 to 2030.
ADB’s $3.9 billion in commitments to the private sector included vital liquidity support to enterprises facing a difficult business environment.