News
ADB Supports Cambodia’s Inaugural Digital Trade Forum and Online Expo
On 13-16 December 2024, ADB, through the Law and Policy Reform Technical Assistance on Digital Economy (TA 6618), supported the inaugural Cambodia Digital Trade Forum and Online Expo in Phnom Penh, Cambodia.
Legal and Judicial Experts Explore Ways to Strengthen Environmental Protection and Address Climate Change at COP29 Side Events Organized by ADB Law and Policy Reform Program
At COP29 in Baku, Azerbaijan, ADB's Law and Policy Reform Program co-organized key side events on climate change, forest conservation, and judicial action. Highlights included discussions on forest finance, the Model Forest Act Initiative, and judicial perspectives on climate litigation.
ADB Trains 233 Filipino Finance Professionals in International Auditing, Accounting, and Banking Standards for Islamic Finance
ADB, the Bangko Sentral ng Pilipinas (BSP), and the Islamic Finance Advisory & Assurance Services (IFAAS) conducted a series of advanced courses on Islamic banking and finance at ADB Headquarters in Mandaluyong City, Philippines, from October to December 2024. ADB, BSP, and IFAAS experts designed the courses and training materials to help representatives of various Philippine institutions participate in, promote, and/or regulate Islamic finance.
ADB Workshop on Policy Architecture for High Integrity Carbon Markets
ADB held a deep dive carbon markets workshop on 10-11 December 2024 in Singapore with policymakers from 23 developing member countries (DMCs), as well as standard setters, market makers, and other key stakeholders following the breakthrough in the international carbon market under article 6 of the Paris Agreement, at COP29. The discussions focused on strategies to develop robust and high-integrity carbon markets at both the national and international levels.
ADB and Bangko Sentral ng Pilipinas Mark Seven Years of Cooperation and Success in Developing Islamic Finance in the Philippines
Manila, Philippines, 26 November 2024—Following its successes in Indonesia and Malaysia in September 2024, ADB and Bangko Sentral ng Pilipinas (BSP) brought their Philippine Islamic Finance Roadshow back to Manila for its concluding session.
ADB and Graduate School of Business and Entrepreneurship Partner to Advance Alternative Dispute Resolution in Uzbekistan
Uzbekistan's Graduate School of Business and Entrepreneurship partnered, with ADB's support, hosted a two-day training program on alternative dispute resolution (ADR) for commercial disputes. The seminar equipped participants with practical tools for efficient and effective dispute resolution, focusing on arbitration, mediation, and online dispute resolution. By promoting ADR, the program aims to foster a conducive business environment and attract foreign direct investment to Uzbekistan.
ADB Consults Stakeholders on Draft Cambodia E-commerce Trustmark Scheme
On 16-17 October 2024, ADB and Cambodia’s Ministry of Commerce (MOC) held stakeholder consultations on the draft Cambodia E-commerce Trustmark Scheme (CETS) in Phnom Penh, Cambodia.
ADB and Bangko Sentral ng Pilipinas Showcase Opportunities in the Philippines for Foreign Islamic Banking and Financial Institutions
In September 2024, the Asian Development Bank (ADB) published a comprehensive report exploring the potential and demand for Islamic banking and finance services in the Philippines. Titled Unlocking the Potential of Islamic Finance in the Philippines: A Market Analysis and Landscape Report, the study found that many Muslim Filipinos—many of whom own and operate micro, small, and medium enterprises (MSMEs)—prefer Islamic financial services but have limited access to them.
ADB and IFAD Sign MOU to Enhance Law and Policy Collaboration in Forestry, Food, and Agriculture Sectors
On 3 September 2024, on the sidelines of the Annual Meeting of IFI General Counsels in Montevideo, Uruguay, the Asian Development Bank General Counsel Thomas M. Clark and the International Fund for Agricultural Development General Counsel Katherine Meighan signed a memorandum of understanding to enhance collaboration in legal and policy development in the forestry, food, and agriculture sectors, as well as their shared interest in advancing environmental rule of law
ADB Joins Policy Dialogue on Climate Change, Water and Forests in Brasilia
On 23 August 2024, ADB General Counsel Thomas M. Clark joined senior government officials, high court justices and legal and climate experts at the International Symposium on Climate Change, Water and Forests, sponsored by the Brazilian Foreign Affairs and Finance Ministries, the National High Court of Brazil and the IUCN World Commission on Environmental Law.