ADB helps Philippines address COVID-19 crisis World

ADB helps Philippines address COVID-19 crisis

The Asian Development Bank (ADB) and the Philippines have signed a 500 million USD loan to help the country's efforts to mitigate the impact of the COVID-19 pandemic that has taken a heavy toll on the poor.
BIM Land to get 87.5 million USD loan from IFC Business

BIM Land to get 87.5 million USD loan from IFC

The BIM Land Joint Stock Company, a property developer under the BIM Group, has reached a deal with the International Finance Corporation (IFC), a member of the World Bank Group, for an 87.5 million USD loan to develop tourism infrastructure in Vietnam and Laos.
IFC credit package boosts lending to Vietnamese SMEs Business

IFC credit package boosts lending to Vietnamese SMEs

The International Finance Corporation (IFC) – a sister organisation of the World Bank and member of the World Bank Group - and the Orient Commercial Bank (OCB) on March 27 signed a cooperation deal on a 100 million USD credit package and a consultancy programme to promote supply chain financing.
Vinfast signs 950 million USD agreement for machinery Business

Vinfast signs 950 million USD agreement for machinery

VinFast Trading and Production Limited Liability Company (VinFast) has entered into a 950 million USD financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA) to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release.
IFC funds clean water access project in Vietnam Business

IFC funds clean water access project in Vietnam

The International Finance Corporation, a member of the World Bank Group, has committed a convertible loan worth 15.3 million USD to DNP Water JSC, a private Vietnamese company, to increase access to and availability of clean water for residents in urban areas.
Building on seventy years of ESCAP’s success World

Building on seventy years of ESCAP’s success

UN Under-Secretary-General and Executive Secretary of ESCAP Shamshad Akhtar argues that the organisation's 70th anniversary is an opportunity to reflect on the Commission's achievements, challenges.
World

Myanmar gets assistance to develop private sector

Myanmar will become a major beneficiary of an assistant package worth 10.5 million USD, provided by the Asian Development Bank (ADB) and the Government of Australia, to promote private sector development, according to Myanmar ’s Global New Light newspaper.