ADB approved crisis financing for Vanuatu, while global economic shocks continue due to the conflict in the Middle East.

The entities involved

• Asian Development Bank →

  regional development bank

  • The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.Mon 15:15
  • The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.Mon 12:12
• Vanuatu →

  island country in Oceania

  • In 2018, Ralph Regenvanu served as Vanuatu's Climate Minister while UNICEF advised on children's rights in the country.Mon 04:22
  • Earth Sciences New Zealand conducts climate research in Antarctica and supports ocean resource management for Vanuatu and Kiribati.Sat 02:37

Related events

• ADB provides development finance and grants to the Pacific Islands region.Sep 3
• ADB provides an emergency grant for flood relief in Nepal, working closely with UN agencies.Aug 28
• ADB supports Bangladesh's goal of achieving a trillion-dollar economy by 2034.Aug 17
• Swarnim Wagle thanked the Asian Development Bank for its support and investment. Masato Kanda is confirmed to be the President of the ADB.Jul 6
• Leaders from regional countries are due to meet the ADB president to discuss economic pressures and regional security concerns following a missile test.Aug 31