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Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
Report Date:
Lesson
Improving governance and increasing public sector efficiency requires sequenced steps over the medium-term, strong country ownership of reforms, and adequate technical assistance (TA) support.

Project Number: 51059-001, 51059-002
Project Name: Improving Governance and Public Sector Efficiency Program (Subprogram 1 and Subprogram 2)
Report Date: