South Asia
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ADB greenlights urgent funding to boost crisis management efforts throughout Asia and the Pacific.
MANILA, PHILIPPINES — The Asian Development Bank (ADB) has introduced a new financing initiative known as the Rapid Resource Reprogramming and Deployment Option (3RDO). This mechanism is designed to allow developing member countries (DMCs) to swiftly address crises by reallocating existing ADB sovereign portfolio funds for immediate relief and early recovery efforts, eliminating the need