Australia Commits 323 Million Dollars for ADB
Penny Wong, the minister for Foreign Affairs, and Pat Conroy, the minister for International Development and the Pacific, committed 492 million Australian dollars (about 323 million U.S. dollars) to the ADB's 2025-28 pledging round for the Asian Development Fund.
It marks an increase from the 423 million Australian dollars (about 278 million U.S. dollars) committed by the Australian government for the previous 2021-24 replenishment.
Wong and Conroy said in a joint statement that Australia's funding would help with the construction of climate resilient hospitals and education facilities.
"Australia's contributions to the Asian Development Fund will assist countries in our region to meet their most pressing needs," Wong said.
They said Australia has worked with representatives from the Cook Islands and Kiribati to ensure that Pacific nations will receive over 500 million Australian dollars (about 329 million U.S. dollars) more from the fund than they did from the previous replenishment.
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