New ADB initiative will help boost infrastructure investment

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TODAY'S EDITORIAL: New ADB initiative will help boost infrastructure investment

A RECENTLY announced program by the Asian Development Bank will significantly enhance investment in sustainable infrastructure, potentially offering a solution to the challenge faced by countries like the Philippines of balancing development with environmental concerns.

ADB will provide technical assistance in project development and sector reforms and work with our partners to use blended finance and other risk mitigation solutions to mobilize sustainable infrastructure financing across Asia.'The partnership between ADB, Singapore's sovereign wealth manager and the private sector is an effective answer to the multiple challenges faced by our region. According to ADB, developing Asia will need an investment of about $1.

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