ADB expands finance access for climate needs, while a minister accuses Australia of insufficient climate action.

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
• Palau →

  island sovereign state in Oceania

  • Russia conducted an attack on Kharkiv, struck a vessel flying Palau flag, and an Azerbaijani citizen was killed.Mon 08:59
  • A Palau-flagged oil tanker was involved in an incident under blockade, which led to US forces targeting the vessel. This follows fresh strikes launched against targets in Iran.Sun 21:24

Related events

• ADB provides loans for infrastructure projects in Papua New Guinea, co-financed by the Australian government.Sep 11
• ADB supports India's infrastructure financing needs.Sep 4
• The Asian Development Bank provided a loan for an unnamed hydropower project that is currently under scrutiny regarding climate risk.Sep 4
• Global climate crisis pressures Palau leaders regarding Australia's fossil fuel policies.Sep 2
• ADB provides development finance and grants to the Pacific Islands region.Sep 3