The Asian Development Bank - ADB has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook.

The financing comprises $7 million from ADB ’s ordinary capital resources and, $6 million from the Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB.

In Vietnam, ADB announced that it is estimated that only 43% of women have access to sanitary pads while only 52% of mothers use diapers for their infants.

The Asian Development Bank - ADB and Vietnam Prosperity Joint Stock Commercial Bank (VPB) signed a loan package of up to $500 million to expand access to finance for women-owned small and medium-sized enterprises (WSMEs) and social loan projects in Viet N

Mô hình hoạt động mới của ADB sẽ giúp ADB ứng phó tốt hơn với những thách thức phát triển phức tạp mà khu vực Châu Á - Thái Bình Dương.

The 7-year tenor financing comprises a $20 million loan funded by ADB, parallel loans of $87 million facilitated by ADB as mandated lead arranger, and concessional financing of up to $28 million.

The assistance expands ADB’s already significant support for food security in the region, where nearly 1.1 billion people lack healthy diets due to poverty and food prices which have soared to record highs this year.