Listen to the article
The Bloomberg Family Foundation Inc. is a private philanthropic foundation based in the United States and is part of Bloomberg Philanthropies. The foundation focuses on five issue areas: the environment, public health, the arts, government innovation, and education.
ADB, with development and blended finance partners including Bloomberg Philanthropies, is helping Viet Nam’s cities reduce traffic congestion, air pollution, and greenhouse gas emissions through the VinFast Electric Mobility Green Loan Project, cofinanced by Bloomberg Philanthropies through the Climate Innovation and Development Fund.
ADB and Greenway Grameen Infra Private Limited signed a $6.5 million senior secured loan to produce and distribute 1 million improved cookstoves to rural households in India’s Madhya Pradesh and Odisha states. The financing also includes a $3.3 million first-loss liquidity reserve from the Climate Innovation and Development Fund, with a funding contribution from Bloomberg Philanthropies.
ADB and Australis Holdings, Inc. signed a $15 million convertible note to promote climate-resilient, ocean-based barramundi and seaweed aquaculture in Viet Nam, cofinanced by Bloomberg Philanthropies through the Climate Innovation and Development Fund.
ADB and Bloomberg Philanthropies collaborated on several knowledge products and/or events, including the following:
This report explains how Southeast Asia can become a leader in renewable energy manufacturing and the benefits this will bring by boosting jobs, improving energy security, and helping the region meet its climate targets. It is a co-publication between ADB, Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All.
This paper outlines issues relating to the acceptance and administration of contributions to be received by ADB from Bloomberg Philanthropies and Goldman Sachs (the “Sponsors”).
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
Bloomberg Philanthropies contributes to ADB’s development initiatives through cofinancing.