News and Intelligence for the Development Finance Industry
The Asian Development Bank has signed a $116 million financing package with Saudi Arabia-based renewable energy developer Acwa Power to support a 300-megawatt wind power project in Uzbekistan The financing for the Bash 2 wind project in Uzbekistan’s Bukhara region includes a $50 million loan from ADB’s ordinary capital resources, $41 million mobilized from commercial … Read more
Germany has joined the Asian Development Bank (ADB)’s Nature Solutions Finance Hub as a financing partner, committing €5.5 million ($6.5 million) in grant cofinancing to support biodiversity and ecosystem projects across Asia and the Pacific. The funding, provided by Germany’s Federal Ministry for Economic Cooperation and Development and implemented by GIZ, will help the hub … Read more
The Asian Development Bank approved a $75 million loan and $2 million grant to strengthen Turkmenistan’s nursing workforce, marking the lender’s first health sector investment in the Central Asian nation. The financing from ADB and Japan’s Fund for Prosperous and Resilient Asia and the Pacific will support the Improving Nursing Quality and Capacity Project, aimed … Read more