ADB commits $24.3 bn for development in Asia-Pacific in 2024
ADB has committed $24.3 billion in 2024, alongside $14.9 billion in cofinancing, to address development challenges in Asia-Pacific. This funding supports sustainable infrastructure, job creation, and public sector reforms. ADB also saw a 28.5 per cent increase in private sector financing, reaching $4.8 billion. With new capital reforms, it aims for a 50 per cent operational growth over next decade.
ADB has committed $24.3 billion in 2024, alongside $14.9 billion in cofinancing, to address development challenges in Asia-Pacific.
This funding supports sustainable infrastructure, job creation, and public sector reforms.
ADB also saw a 28.5 per cent increase in private sector financing, reaching $4.8 billion.
With new capital reforms, it aims for a 50 per cent operational growth over next decade.
