DHAKA -- The Asian Development Bank (ADB) on Friday approved a 400 million U.S. dollars policy-based loan to support the government of Bangladesh in implementing its National Adaptation Plan (2023-2050) and 2021 Update of the Nationally Determined Contributions to the Paris Agreement, to achieve a climate-focused inclusive development.

This loan is the first subprogram of the indicative 700-million-dollar Climate-Resilient Inclusive Development Program, which will help Bangladesh strengthen its climate resilience, transition to a low-carbon economy, mitigate greenhouse gas emissions, and mainstream gender equality and social inclusion in the government's climate actions, said the Manila-based lender in a statement. (Bangladesh-ADB-Climate)

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HANOI -- Vietnam's shrimp exports are forecasted to reach 3.4 billion U.S. dollars in 2023, 21 percent lower than 2022's figure, Vietnam News Agency reported Friday, citing the Vietnam Association of Seafood Exporters and Producers.

According to the association, the country's shrimp exports in November topped 310 million dollars, an increase of 3.5 percent year on year. (Vietnam-Shrimp-Export)

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BEIRUT -- The European Union (EU) and Expertise France, the French public agency for international technical cooperation, launched on Friday a 12-million-euro (about 12.9 mln U.S. dollars) project to enhance integrity, transparency, and accountability in Lebanon's public administration.

A statement released by the EU said the four-year project was launched on the occasion of the International Anti-Corruption Day and is aligned with the reforms required by the International Monetary Fund to unlock aid for Lebanon. (EU-Lebanon-Transparency in Public Administration)

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MOGADISHU -- The Food and Agriculture Organization of the United Nations (FAO) said Friday it has signed a 43.8-million-U.S.-dollar deal to implement a project that seeks to reduce flood risk and mitigate drought in Somalia.

FAO said the Restoring the Riverine Eco-Systems for Climate Adaptations (RESTORE) project seeks to rehabilitate a large irrigation scheme in two regions in Hirshabelle State targeting 1.5 million people. (Somalia-FAO Deal-Fighting Flood/Drought) Enditem

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