Oxfam alleges ADB overstated climate adaptation finance by 44%, reducing reported $1.7bn to $0.8bn.

Oxfam claims the Asian Development Bank (ADB) overstated its climate adaptation finance by 44%, with actual numbers potentially $0.9 billion lower than reported $1.7 billion. ADB's largest climate adaptation projects in Asia, covering countries like India, Bangladesh, Cambodia, and Indonesia, were assessed in the report titled 'Unaccountable Adaptation'. ADB maintains its financial numbers and commitment to deliver $100 billion in climate financing by 2030.

May 02, 2024
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