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ADB to replenish $5b grant fund for Asia-Pacific, including transformative projects in Bangladesh
Donors and the Asian Development Bank (ADB) have pledged $5 billion to replenish the Asian Development Fund (ADF) 14 and the Technical Assistance Special Fund (TASF) 8. This commitment was announced during the ADB’s 57th Annual Meeting held in Tbilisi, Georgia.
ADF 14 will provide grants to developing member countries, including Micronesia, Kiribati, Kyrgyz Republic, Maldives, Marshall Islands, Nauru, Samoa, Solomon Islands, Tajikistan, Tonga, Tuvalu, and Vanuatu. Grants will also be allocated to transformative projects in Bangladesh, Cook Islands, Fiji, Pakistan, Papua New Guinea, Sri Lanka, and others. As ADB’s largest source of grants for its poorest and most vulnerable members, the ADF is replenished every four years. TASF 8 will provide grants for project preparation, capacity building, and technical or policy advice.
Read the original article here: https://www.tbsnews.net/bangladesh/adb-replenish-5b-grant-fund-asia-pacific-including-transformative-projects-bangladesh
Vanuatu moves towards best practice tourism for turtles
The Government of Vanuatu is deeply committed to the effective management and conservation of turtles, aligning its efforts with global initiatives aimed at preventing the extinction of these migratory marine species. Recognizing their ecological significance, Vanuatu actively promotes sustainable turtle tourism practices.
Recently, a Turtle Tourism Workshop was held in Port Vila, Vanuatu, bringing together stakeholders from across the Pacific region. This event was part of a larger initiative involving 30 focused activities taking place across 11 Pacific Island countries, addressing critical issues concerning coastal and marine biodiversity, as well as ecosystem-based responses to climate change adaptation.
Read the original article here: https://www.einpresswire.com/article/709449921/vanuatu-moves-towards-best-practice-tourism-for-turtles
Good Capital to invest $25M in Indian AI startups by 2025
Good Capital, a Mauritius-based early-stage venture capital firm, has committed about $25 million to invest in artificial intelligence (AI) startups in India by the end of fiscal year 2025. This dedicated fund will be sourced from the firm’s $50 million Good Capital Fund II, anticipated to be fully deployed by 2027.
The firm intends to allocate funds to 15 to 20 AI startups during their early-stage and Series A funding rounds. Good Capital’s investment strategy focuses on supporting startups within sectors such as cleantech, e-commerce platforms, educational technology, health-tech and SaaS. Rather than seeking to disrupt entire industries, the firm aims to back startups that empower intermediaries. This commitment reflects Good Capital’s confidence in AI’s potential to foster innovation and generate fresh opportunities within the Indian startup ecosystem.
Read the original article here: https://yourstory.com/2024/05/good-capital-to-invest-25m-in-indian-ai-startups-by-2025
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