TBILISI, Georgia, May 4. Asian Development Bank
(ADB) aims to provide $100 billion in climate finance to developing
member countries from 2019 to 2030, ADB Special Advisor on Climate
Change Warren Evans said during the briefing at the ADB annual
meeting in Tbilisi today, Trend reports.
“In 2023, ADB committed $9.8 billion in climate finance from its
own resources – $5.5 billion for mitigation and $4.3 billion for
adaptation. Our climate finance commitments for 2022 increased by
more than 46 percent,” he reminded.
Evans also highlighted the bank’s recent initiatives to
strengthen its climate work, which include creating a new operating
model as well as updating its capital framework to allocate more
climate finance.
The meeting of the Board of Governors started today. The opening
marks the official start of the annual meeting. It is attended by
distinguished guest from the host country.
To note, the theme of the 57th Annual Meeting, to be held May
2-5, is Bridge to the Future.
The Annual Meeting is an opportunity for ADB Governors to
address development issues and challenges facing the Asia-Pacific
region. Several thousand participants regularly join the meeting,
including finance ministers, central bank governors, senior
government officials, representatives of the private sector,
international and civil society organizations, youth, academia, and
the media.
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