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ADB, Ascent Capital's Equity Investment Deal to Provide Growth Capital to Private Enterprises in Myanmar

ADB, Ascent Capital's Equity Investment Deal to Provide Growth Capital to Private Enterprises in Myanmar

NAY PYI TAW, MYANMAR (2 January 2019) — The Asian Development Bank signed an agreement on 21 December 2018 to provide a $10 million equity investment to Ascent Myanmar Growth Fund I LP, a Myanmar-focused private equity fund, to provide much-needed capital investment for the growth and expansion of small and medium-sized enterprises operating in the Southeast Asian country.

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Mekong Officials Set to Fast-Track Infrastructure Development

Mekong Officials Set to Fast-Track Infrastructure Development

MANILA, PHILIPPINES (12 December 2018) — Senior officials of the Greater Mekong Subregion will convene this week at the 10th GMS Economic Corridors Forum (ECF-10) in Nay Pyi Taw, Myanmar to discuss ways to fast-track infrastructure development and boost growth along key economic corridors connecting the subregion. 

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ADB Loan Supports Cross-Border Trade, Urban Services in Yunnan, PRC

ADB Loan Supports Cross-Border Trade, Urban Services in Yunnan, PRC

MANILA, PHILIPPINES (10 December 2018) — The Asian Development Bank has approved a $250 million loan to enhance cross-border trade opportunities and improve urban infrastructure and services in Lincang Prefecture in the People’s Republic of China.

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ADB Project to Modernize Irrigation Systems, Improve Agricultural Productivity in Viet Nam

ADB Project to Modernize Irrigation Systems, Improve Agricultural Productivity in Viet Nam

HA NOI, VIET NAM (27 November 2018) — The Asian Development Bank has approved over $100 million in financing to help the Government of Viet Nam install eight modernized irrigation systems in five drought-affected provinces, which will improve agricultural productivity, especially among farmers growing high-value crops such as coffee, peppers, grapes, dragon fruits, and mangoes.

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ADB to Help Improve the Regional Road Network in PRC’s Pu’er, Yunnan

ADB to Help Improve the Regional Road Network in PRC’s Pu’er, Yunnan

MANILA, PHILIPPINES (10 December 2014)– The Asian Development Bank has approved a loan of $200 million to improve villagers’ access to regional roads in Yunnan Province, the People’s Republic of China, in a project that will alleviate poverty and promote regional trade.

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ADB Supports Vocational Education System Reform in Guangxi

ADB Supports Vocational Education System Reform in Guangxi

BEIJING, PEOPLE’S REPUBLIC OF CHINA (20 September 2017) — The Asian Development Bank’s Board of Directors has approved a results-based loan of $250 million to help establish a demand-driven technical and vocational education and training system in Guangxi Zhuang Autonomous Region.

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ADB, Gulf SRC Sign Deal to Build 2,500 MW High-Efficiency Power Plant in Chonburi

ADB, Gulf SRC Sign Deal to Build 2,500 MW High-Efficiency Power Plant in Chonburi

BANGKOK, THAILAND (9 November 2018) — The Asian Development Bank and Gulf SRC Company Limited have signed a $227.7 million loan agreement to help finance the construction and operation of a first-of-its-kind 2,500 megawatt combined cycle power plant in Chonburi Province of Thailand.

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Regional Cooperation Can Help Asia Tackle Rising Cross-Border Challenges

Regional Cooperation Can Help Asia Tackle Rising Cross-Border Challenges

SINGAPORE (23 October 2018) — Regional cooperation is increasingly necessary to tackle a rising number of cross-border challenges in Asia and the Pacific, including infrastructure gaps, trade connectivity, financial contagion, and climate and disaster-resilience, according to a new report from the Asian Development Bank.

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