The multilateral Asian Development Bank (ADB) recently raised AZN 14.5 million (USD 8.5 million) from UK-based Record Currency Management and Germany-based Capitulum Asset Management to fund inclusive finance for women and agriculture in Azerbaijan. The funding is channeled through
Tag: Asian Development Bank
MICROCAPITAL BRIEF: ADB Issues Local-currency Bond in Mongolia to Finance Invescore Lending to Women-led MSMEs
The multilateral Asian Development Bank (ADB) recently issued a local-currency, three-year bond in Mongolia with a face value of MNT 13.7 billion (USD 4 million) and a coupon rate of 11.25 percent paid out semi-annually. The proceeds are to fund Invescore, a non-banking financial institution in Mongolia, to
MICROCAPITAL BRIEF: ADB, FinDev Canada to Partner on Investments in Market Development; Women’s Empowerment; Climate Change Adaptation, Mitigation in Asia, Pacific
The multilateral Asian Development Bank (ADB) and the Canadian government’s FinDev Canada recently announced a partnership to support projects in Asia and the Pacific that further FinDev Canada’s priority areas of “women’s economic empowerment, climate action and local market development.” In addition to identifying deals to co-finance, the organizations plan
MICROFINANCE PAPER WRAP-UP: “Financing the Blue Economy;” by Michael Adams et al; Published by Asian Development Bank, UNDP, UNEP
The Asian Development Bank (ADB) describes the “blue economy” as including 16 ocean-related market segments. The authors rank these segments in order of
MICROCAPITAL BRIEF: ADB Raises $27m in Local-currency Bond Issue to Promote Housing Lending by Otbasy Bank to Women in Rural Kazakhstan
The Asian Development Bank (ADB), a multilateral institution based in the Philippines, recently mobilized KZT 14 billion (USD 27 million) to support the Housing and Construction Savings Bank of Kazakhstan, a state-controlled institution also known as Otbasy Bank, in issuing “affordable residential mortgage loans to women borrowers in rural areas.” ADB raised the funds through a bond issue to
MICROCAPITAL BRIEF: Bank of Georgia Borrowing $200m from ADB, JICA for MSMEs, Especially Those Owned by Women
The Bank of Georgia (BOG), a UK-based institution active in Georgia, recently obtained a loan of GEL 617 million (USD 200 million) to on-lend micro-, small, and medium-sized enterprises (MSMEs), especially those owned by women. Half of the loan is from the Asian Development Bank (ADB), a development finance institution active in Asia and the Pacific, and the other half is funded by
MICROFINANCE PAPER WRAP-UP: “ESG and Accountability to Communities;” Published by Publish What You Fund
This report examines 20 development finance institutions (DFIs) to learn how these organizations: (1) are transparent in terms of their policies on environmental, social and governance (ESG) issues; (2) disclose ESG risks and plans to manage those risks; and (3) implement independent accountability mechanisms (IAMs) to ensure policies are being followed. Among the benefits of ESG transparency
MICROCAPITAL BRIEF: Asian Development Bank (ADB) Loan to Regional Development Bank of Sri Lanka to Leverage Up to $533m for Rural Microfinance, SME Lending
The Asian Development Bank (ADB), a multilateral institution based in the Philippines, recently loaned USD 50 million to Sri Lanka’s state-owned Regional Development Bank (RDB) for on-lending to micro- and small enterprises outside the city of Colombo. These enterprises are to include 500 led by women.
MICROCAPITAL BRIEF: Japan, Asian Development Bank (ADB) Aim to Help Mongolia Strengthen Financial Regulations, Improve Financial Education for Poor through Television Drama
A USD 2.5 million grant from Japan’s Fund for Poverty Reduction, which is financed by the Japanese government and administered by Asian Development Bank (ADB), will be used to attempt to strengthen the regulation of Mongolia’s savings and credit cooperative market.