Posts Tagged ‘ADB’

By Asma Azmi Microfinance Focus, March 8, 2010: The Asian Development Bank (ADB) has reiterated that the Financial Sector Development Partnership Fund will focus both on access to finance and microfinance areas, which are essential to its overall strategy to achieve financial infrastructure and capacity building, besides technical assistance to developing countries in Asia. The Financial Sector Development Partnership Fund of ADB has raised $1.56 million in ... Full story

Microfinance Focus, Dec. 10, 2009: The ABD will assist Cambodia develop microfinance institutions and rural livelihood service providers in Cambodia's Tonle Sap Basin region by providing $30.7 million in loans and grants program to aid a new Cambodia new initiative to boost income and food security in the region. Two of ADB’s development partners in Cambodia, the International Fund for Agricultural Development (IFAD), and the Government ... Full story

Microfinance Focus, Dec. 4, 2009: The Asian Development Bank (ADB)and the UK Department for International Development (DFID) have signed a new five-year strategic partnership to fight poverty in India. The partnership, to run from 2009-2013, builds on a collaboration between the two institutions that began in 2001, and will be supported by a £14 million ($23 million) grant from the UK government. The grant will co-finance specific components, ... Full story

Microfinance Focus, Nov. 13, 2009: Strengthening legal frameworks governing microfinance is needed to address weaknesses in the financial sector, said a report by the Asian Development Bank on Thursday. The study,"Intra-regional Trade and Investment in South Asia," examines the progress of economic integration in the South Asian region which includes India, Bangladesh, Sri Lanka, Nepal, Bhutan and the Maldives. The report argues that financial sector reform in ... Full story

By Matthew Fuchs Microfinance Focus, Nov. 4, 2009: Commitments from donors and investors to microfinance increased by 24% in 2008 to $14.8 billion, according to the CGAP 2009 Microfinance Funder Survey released last week. A further $3 billion was disbursed, two-thirds of it from investors. South Asia attracted 25% of commitments, the largest share of any region, with $3.65 million. This was an increase of 14% for ... Full story

Microfinance Focus, Oct. 6, 2009: The Asian Development Bank (ADB) and Japan will provide $1.5 million to Vietnam to help bring its unregulated microfinance programs into the formal sector, to boost services and provide increased financial support for the poor. The Japan Fund for Poverty Reduction, financed by the Government of Japan and administered by ADB, is extending the $1.5 million grant to help the Government ... Full story

Microfinance Focus, Sept. 30, 2009: India’s state-run Export-Import Bank (Exim Bank) has raised $100 million loan from the Asian Development Bank (ADB) to boost the export potential of small and medium enterprises (SMEs) in poor and disadvantaged regions. The loan will be used medium- and long-term loans to export–oriented SMEs. As per the terms of the loan, Exim Bank will target increased trade and competitiveness amongst ... Full story

Microfinance Focus, Sept. 21, 2009: The Asian Development Bank (ADB) is extending a $76 million worth loan to Bangladesh to expand the country’s non-urban small and medium-sized enterprises (SME) sector. Full story

By Naagesh, N. Microfinance Focus, Sept. 17, 2009: The Asian Development Bank (ADB) is extending $150 million in loans to Pakistan's Punjab province, as part of a second phase of support for public policy reforms which are designed to boost inclusive growth and the delivery of services. The funds for subprogram 2 of the Punjab Government Efficiency Improvement Program include $75 million from ADB’s ordinary capital resources ... Full story

Microfinance Focus, Sept 11, 2009: Extreme poverty affects at least 10 per cent of the population in many parts of the Asia and Pacific region, Asian Development Bank said in a report. Titled “The Key Indicators for Asia and the Pacific 2009”, the report lists 19 economies where more than 10 per cent of the population were living on less than $1.25 a day in the latest year for which data are available. Six of the 19 economies are from the former Soviet Union. Four of the five most populous countries are also included and the data is not available for Indonesia. Full story

Microfinance Focus, Aug. 26, 2009: Despite the continued progress made by the countries in Asia and Pacific, hunger still remains widespread and many economies are struggling to meet other Millennium Development Goals (MDG), including reductions in maternal mortality rates and access to sanitation, latest available data show, said Asia Development Bank in a statement.  The trend reflected in 'Key Indicators 2009,' the Asian Development Bank's (ADB) flagship annual statistical publication, which presents the latest available economic, financial, social, environmental, and MDG indicators for regional members of the ADB. Full story

MicrofinanceFocus, July 24, 2009: Asian Development Bank (ADB) is likely to increase its annual aid to Bangladesh to an average of $800 million a year in the next three years, up from $600 million a year during 2006-2008, said ADB President Haruhiko Kuroda who is on a two-day visit to Bangladesh. Full story

MicrofinanceFocus, July 24, 2009: Asian Development Bank (ADB) Vice-President Xiaoyu Zhao, on a two day visit to Armenia, has discussed about the Expenditure Support Program (APESP), an $80 million emergency assistance loan approved by ADB's Board of Directors earlier this month. Mr Zhao had held talks with President Serzh Sargsyan, Prime Minister Tigran Sargsyan, Minister of Economy Nerces Yeritzyan, and Minister of Transport and Communication ... Full story

MicrofinanceFocus, July 21, 2009: The Asian Development Bank’s (ADB) Board of Directors has approved a Safeguard Policy Statement that will strengthen protections already in place to avoid or minimize the adverse impacts of ADB-supported projects which among others, include focus on capacity development of borrowers. With the approval of the new Safeguard Policy Statement on Monday, the bank has concluded a very extensive and highly consultative ... Full story