CEBU, Philippines - The Asian Development Bank said on Friday (May 8) it will mobilise US$30 billion (S$37 billion) to Asean countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a US$30 billion pipeline of public and private sector investments to directly support Asean's priorities and deliver lasting benefits for people across the region," President Masato Kanda said in a statement.[[nid:735029]]

Asian Development Bank President Masato Kanda, Brunei Sultan Hassanal Bolkiah, Indonesia President Prabowo Subianto, Malaysia Prime Minister Anwar Ibrahim and Philippines President Ferdinand Marcos Jr., prepare to walk off a stage after a group photo during the Special Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) Summit on the sidelines of the 48th Asean Summit and Related Meetings, in Cebu, Philippines, on May 7, 2026. 

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Reuters

CEBU, Philippines - The Asian Development Bank said on Friday (May 8) it will mobilise US$30 billion (S$37 billion) to Asean countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a US$30 billion pipeline of public and private sector investments to directly support Asean's priorities and deliver...

Asian Development Bank to mobilise $37b to help Asean countries withstand external shocks