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Asian Development Bank
Trends
- 1China-led AIIB plans to double financing for Asia infrastructure●China-led AIIB plans to double financing. Can it fill Asia’s infrastructure gap?
The Asian Infrastructure Investment Bank, the China-led multilateral lender, is planning to double its financing capacity as it seeks to expand support for roads, power and other projects across Asia. Observers are questioning whether the boost can meaningfully close the region's vast infrastructure funding gap, which runs into trillions of dollars and far exceeds current levels of multilateral development lending.
- 2ADB signs $50 million loan with Modern Syntex for polyester chips●ADB, Modern Syntex sign $50m loan to expand energy-efficient polyester chips production
The Asian Development Bank and Bangladesh's Modern Syntex have signed a $50 million loan agreement to expand the production of energy-efficient polyester chips. The financing is intended to support capacity growth at the company's synthetic fibre operations while promoting more energy-efficient manufacturing. The deal highlights continued development-bank backing for industrial energy efficiency projects in Bangladesh.