Asian Development Bank's $70 billion energy and digital infra push puts Southeast Asia center stage

World Bank Group's MIGA, ADB deepen Asia investment push

The Multilateral Investment Guarantee Agency (MIGA), the World Bank Group’s (WBG) arm that extends political risk insurance to both private-sector investors and lenders, has renewed its cooperation agreement with the Asian Development Bank (ADB) to support investments and job creation across developing Asia-Pacific economies.In a May 6 statement, the Washington-based MIGA said the renewed partnership with the Manila-based ADB would involve joint…

Asian Development Bank's $70 billion energy and digital infra push puts Southeast Asia center stage

Southeast Asia to benefit significantly from Asian Development Bank's $70 billion new energy and digital infrastructure plan in Asia and the Pacific by 2035.

ADB to mobilize $50B to accelerate regional connectivity projects

The Asian Development Bank (ADB) is mobilizing $50 billion by 2035 through new financing tools, policy support, and partnerships to help countries build cross-border power grids across some of the world’s most complex regions, aiming to lower energy costs, strengthen reliability, and expand clean energy trade, ADB President Masato Kanda said on Tuesday. “The $50 billion Pan-Asia Power Grid Initiative is about building the infrastructure required…