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Luxembourg Lauds ADB’s Impactful Islamic Finance for the Philippines Technical Assistance
The Luxembourg government commended the Islamic Finance for the Philippines Technical Assistance (TA) as a model initiative in a meeting with representatives of ADB and Bangko Sentral ng Pilipinas (BSP) on 10 April 2025. This USD 1.1 million TA, implemented from 2017 to 2024, has achieved significant milestones. Key accomplishments include the enactment of Republic Act No. 11439 (the Islamic Banking Law), the issuance of a USD 1 billion sovereign sukuk on Nasdaq Dubai, training of over 1,700 professionals, and licensing of Islamic banking and insurance providers.
On this episode of INSOL talks, Nicholas shares his perspectives on the insolvency systems in Asia - with its diverse legal, economic, and cultural landscapes - and his reflections on the career path that led him to ADB and law and policy reform work. Check out the podcast now!
On 3–16 March 2025, the Asian Development Bank (ADB) conducted a series of workshops based on Parts A and B of the Fiji Bench Book on Children for 108 Legal Aid Commission (LAC) lawyers. Parts A and B of the Fiji Bench Book on Children serve as a guide for dealing with children coming before the courts in criminal proceedings, including child complainants and witnesses.
On 18-19 February 2025, ADB’s Law and Policy Reform Program, in conjunction with the ADB Institute, UNCITRAL and Japan Ministry of Justice convened the Policy Dialogue on Alternative Dispute Resolution (ADR) and brought together policymakers, ADR institutions, private sector, lawyers, judges and academia to discuss the current landscape of ADR development in Asia and the Pacific.
On 7 February 2025, the Asian Development Bank’s (ADB) Law and Policy Reform Program—in cooperation with Uzbekistan’s Ministry of Justice (MOJ) and the Ministry of Investment, Industry and Trade (MIIT)—held a knowledge-sharing seminar entitled "A Primer on International Investment Agreements: Energy Investments" in Tashkent, Uzbekistan.