Economy and macroUpdated 53m ago

ADB targets up to $5 billion to support the agreement

Asian Development Bank President Masato Kanda announced an initiative targeting up to $5 billion by 2030 to support the agreement’s implementation. The planned areas include digital infrastructure, payments, digital identity, cybersecurity and AI readiness. That digital target is separate from another initiative targeting up to $8 billion for water and food security and to reduce the effects of floods and droughts. Together, the two initiatives aim to mobilize up to $13 billion in public and private financing by 2030.

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