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.
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Validation Workshop on Cambodia E-commerce Trustmark Scheme
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The Asian Development Bank, in collaboration with the Cambodia’s Ministry of Commerce (MOC), hosts the Validation Workshop on the draft Cambodia E-commerce Trustmark Scheme(CETS) on 17-18 October 2024, at the Raffles Hotel Le Royal, Phnom Penh, Cambodia.
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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.
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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
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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.
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Inaugural Armenia Arbitration Conference
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International arbitration has emerged as the favored avenue for resolving cross-border commercial disputes. Its appeal lies in the certainty it offers compared to the complexities of national court systems. Parties involved in international transactions often opt for arbitration due to the autonomy it grants them in managing risks. They value the flexibility to select a neutral forum, impartial experts as arbitrators, and the freedom to determine the procedural rules and governing law.
Inaugural Cohort of Internationally Certified Filipino Islamic Finance Professionals Honored at Historic ADB-Philippine Government Ceremony
On 19 July 2024, the Asian Development Bank (ADB) and the Government of the Philippines convened a historic ceremony at ADB Headquarters for the inaugural cohort of 138 Filipinos who earned internationally recognized qualifications in Islamic finance from the Islamic Banking and Finance Institute Malaysia (IBFIM). All graduates—representing financial, regulatory, policymaking, and Islamic institutions across the Philippines—have successfully completed the Associate Qualification in Islamic Finance (AQIF). Additionally, seven AQIF holders advanced to earn the Intermediate Qualification in Islamic Finance (IQIF).
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Asian Development Bank Collaborates with Indonesian Stakeholders on the Model Forest Act Initiative
The Model Forest Act Initiative held a pivotal week of intensive work and knowledge sharing in Indonesia on 26-30 July 2024, bringing together leading experts in forest law and policy to refine the draft Model Forest Act and engage with key stakeholders.
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ADB Workshop on Policy Architecture for High Integrity Carbon Markets under the Paris Agreement
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Carbon markets are increasingly being recognized as a pivotal mechanism to channel financial resources into initiatives combating climate change. As integral components of the climate policy architecture, these markets play a crucial role in reducing GHG emissions cost-effectively, mobilizing all important carbon finance in the case of international carbon markets and generating revenue in the case of domestic markets, and promoting the adoption of low-carbon technologies and solutions.
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Asian Development Bank Trains Justice Officers in Timor-Leste to Effectively Investigate Cases Involving Violence Against Women and Girls
The Asian Development Bank (ADB) partnered with Timor-Leste's Public Prosecution Service to deliver a comprehensive training program on investigating cases involving violence against women and girls (VAWG). This initiative is part of ADB's ongoing effort, through the Law and Policy Reform Program, to strengthen the country's judicial system's response to VAWG.