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International relations

Asian Development Bank to earmark $80bn for climate change impact

Ending loans to China on the agenda at Fiji meeting

Climate change, and its effect on Pacific island nations, will be discussed at this year's Asian Development Bank board of governors meeting in Fiji. (Photo by Hisao Kodachi)

NADI, FIJI -- The Asian Development Bank plans to spend $80 billion through 2030 to build infrastructure that will help protect Asian countries from the impact of climate change, a central topic at the board of governors meeting that began here Wednesday.

The annual gathering brings together finance ministers, central bankers and other officials from the lender's 68 member countries and regions to discuss Asian development and financial cooperation. This is the first such meeting to be hosted by one of the ADB's Pacific island members, which are particularly vulnerable to climate change.

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