ADB Steps Up Assistance for Environment Says New Sustainability Report

The Asian Development Bank (ADB) has stepped up assistance for projects and programs that support environmentally sustainable development in member countries, says a new report. The Sustainability Report is the third to be issued by ADB. It details the broad range of measures taken to promote environmental sustainability, inclusive growth, and improved governance in Asia and the Pacific during 2009 and 2010. It notes that in 2010, lending for projects with environmental objectives reached $4.8 billion, with the number of projects up more than 50% from the year earlier--the highest number since 1995. The report highlights how ADB continues to make substantive progress in promoting environmental sustainability in the Asia and Pacific region and in reducing its own ecological footprint," said Nessim Ahmad, ADB’s Director for Environment and Safeguards. Read More ADB"

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