ADB scales up presence in the Pacific region

Some delegates at the 52nd ADB annual meeting. Picture: SUPPLIED/FIJI GOVERNMENT

THE Asian Development Bank (ADB) will continue to scale up its presence in the Pacific region, says ADB Director General for the Pacific Department Carmela Locsin.

At a press briefing on Denarau today, Ms Locsin said they were also scaling up co-financing in areas such as climate change.

“For example, we have already secured more than $130million of grant financing from the Green Climate Fund and that financing, that partnership, has led to a number of transformational projects,” she said.

“We are scaling up our physical presence in the Pacific Islands and are establishing country offices in each of them, in each of our 11 developing countries in the Pacific including in Marshall Islands, Tuvalu and Micronesia.”

More reports in tomorrow’s edition of The Fiji Times.

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