💨 Abstract

The Asian Development Bank (ADB) has partnered with the International Finance Facility for Education (IFFEd) to provide at least $500 million in concessional education funding for lower middle-income countries (LMICs) in Asia and the Pacific. The partnership will leverage a four-time guarantee from IFFEd, boosting ADB's lending capacity while lowering borrowing costs for DMCs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖