Listen to the article
The Rockefeller Foundation, established in 1913, is a private foundation dedicated to promoting the well-being of humanity worldwide. It focuses on catalyzing and scaling transformative innovations across various sectors, including energy, health, food security, and smart cities.
One key area of collaboration between the Rockefeller Foundation and ADB is urban climate change resilience. The foundation has contributed $5 million to the Urban Climate Change Resilience Trust Fund under the Urban Financing Partnership Facility. This fund supports the integration of climate change considerations into city planning and links these efforts to both infrastructure and institutional interventions.
26 September 2024
ADB signed an agreement with the International Finance Facility for Education that will enable at least $500 million in new concessional education funding for lower-middle-income countries in Asia and the Pacific.
A total of 616 families in Vinh Yen, Viet Nam now have clean water toilets, funded by the Urban Climate Change Resilience Trust Fund, supported by the Rockefeller Foundation and the governments of Switzerland and the United Kingdom.
Urban footpaths with nature-based designs and other water-sensitive improvements have transformed slums in Makassar City, Indonesia for the better, and the makeover is just beginning. The project component in Indonesia, financed by the Urban Climate Change Resilience Trust Fund, piloted green technology to improve the lives and health of urban poor people.
ADB and The Rockefeller Foundation collaborated on several knowledge products and/or events, including the following:
Hosted by the ADB Institute, with the support of The Rockefeller Foundation, the awards promote works of journalism that accurately report on global efforts advancing sustainable development amid intensifying climate risks.
Raj Shah, president of The Rockefeller Foundation, was one of the speakers of this forum, which was part of Conference of the Parties 26, the United Nations Climate Change Conference.
This event convened leaders from think tanks, international finance institutions, and philanthropies from across geopolitical and economic spheres to call on world leaders to unite and take strategic concerted actions for rebooting the 2030 Agenda. The Rockefeller Foundation co-hosted an event in New York and online on the heels of the Sustainable Development Goal 2023 Summit.
A new multi-donor trust fund, the Urban Climate Change Resilience Trust Fund (UCCRTF) has been established under the Urban Financing Partnership Facility. The Rockefeller Foundation contributed additional funding to the UCCRTF.
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
The Rockefeller Foundation contributes to ADB’s development initiatives through cofinancing.
Over the last 5 years, there are no project-specific cofinancing and trust funds contribution.