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ADB prioritizes private capital mobilization for climate goals amid concerns

Published on 25th January 2024

The Asian Development Bank (ADB) has announced plans to deploy private capital as a significant part of its strategy to address urgent climate goals.

At its 56th annual general meeting, the ADB launched a new climate financing facility, intending to provide loans of up to $15 billion to incentivize climate action in the Asia Pacific region.

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ADB prioritizes private capital mobilization for climate goals amid concerns

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