ADB, UK launch fund to improve trade, connectivity in APAC

The Asian Development Bank and the UK's Department for International Development (DFID) have launched the Asia Regional Trade and Connectivity Fund. DFID will provide an initial contribution of up to $30 million. The fund will initially focus on Afghanistan, Bangladesh, India, the Kyrgyz Republic, Myanmar, Nepal, Pakistan, and Tajikistan.

It will help the selected ADB developing member countries to identify and design projects that improve cross-border transport, energy, and information and communications technology infrastructure.