JICA and ADB Join Forces: $1.5 Billion Investment in LEAP 2 Fund for Sustainable Infrastructure

The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have partnered to establish the Leading Asia’s Private Infrastructure Fund 2 (LEAP 2) with a capital of up to $1.5 billion provided by JICA. The fund aims to support high-quality and sustainable infrastructure projects in Asia and the Pacific. LEAP 2 will continue the work of its predecessor, LEAP, by providing commercial and concessional finance for ADB projects, with ADB serving as the fund manager and administrator. The fund will contribute to reducing poverty in the region and addressing pressing development challenges such as climate change and food security.

Resource: https://esgnews.com/jica-and-adb-join-forces-1-5-billion-investment-in-leap-2-fund-for-sustainable-infrastructure/