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    • News
    • News

    ADB to Set up Facility for Crisis-Hit Nations

    By Ma. Rizza Leonzon // 10 July 2009

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    ‘Moonshot’ education finance facility aims to turn $1 into $7 in LMICs
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    The Asian Development Bank will establish a $3 billion loan facility that will support fiscal stimulus programs of crisis-hit member nations. The facility, according to the

    , will provide budget support to help execute projects.

    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

    Search for articles

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    EducationRelated Stories - ‘Moonshot’ education finance facility aims to turn $1 into $7 in LMICs

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    Funding Insights Related Stories - A deep dive into the world’s biggest MDBs

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    Opinion: Climate FinanceRelated Stories - How debt is undermining countries’ fight against climate change

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