BAKU, Azerbaijan, March 4. The Asian
Development Bank (ADB) has issued a green bond to raise awareness
of glacier melt, Trend reports citing the Bank.
The $100 million 5-year issue was arranged by BNP Paribas and
Morgan Stanley, proceeds of which will be used in accordance with
ADB’s Green and Blue Bond Framework. The notes will be listed on
the Luxembourg Green Exchange (LGX).
Projects eligible for financing under ADB's Green and Blue Bond
program include but are not limited to those supporting
climate-resilient infrastructure and livelihoods, integrated water
resource management, early warning systems, and disaster risk
reduction.
The financing complements ADB’s portfolio of initiatives that
integrate glacier monitoring, risk assessment, resilient
infrastructure, and water governance into national strategies.
These include Building Adaptation and Resilience in the Hindu Kush
Himalayas, Glaciers to Farms, Resilient River Basins, and Central
Asia Regional Economic Cooperation (CAREC) Water Pillar. Since
launching its green bond program in 2015, ADB has raised $15
billion in green bonds to support mitigation and adaptation
projects across the region.
ADB is a leading multilateral development bank supporting
inclusive, resilient, and sustainable growth across Asia and the
Pacific. Working with its members and partners to solve complex
challenges together, ADB harnesses innovative financial tools and
strategic partnerships to transform lives, build quality
infrastructure, and safeguard our planet. Founded in 1966, ADB is
owned by 69 members—50 from the region.
