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of <h1>Asian Development Bank approves USD 900 million loan for banking reform and climate initiatives alongside World Bank's USD 640 million</h1> The Asian Development Bank approved a USD 900 million loan to a South Asian country, with USD 500 million designated for banking sector stabilization and reform, and USD 400 million for climate-resilient development initiatives. The World Bank separately approved USD 640 million for gas supply enhancement and air quality improvement projects. These combined approvals totaling over USD 1.5 billion aim to strengthen the country's banking governance, support climate adaptation efforts, and alleviate pressure on foreign currency reserves.
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