The Asian Development Bank (ADB) announced on 12 June 2026 that it is moving swiftly with $4 billion in financing to help countries in Asia and the Pacific withstand the economic impact of the Middle East conflict, according to a press release. The package includes about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports. ADB has received formal requests from 15 affected governments across the region. The assistance is being delivered through a mix of budget support, trade finance, and a new mechanism to repurpose existing portfolio funds. The action follows a financial support package announced by ADB in late March.
The requests cover previously announced submissions from Bangladesh, Fiji, the Philippines, and Sri Lanka. They range in size from $15 million to $1.5 billion. Instruments include policy-based loans, countercyclical financing, rapid repurposing of existing sovereign portfolio funds, and emergency assistance loans. ADB is in discussions with an additional four countries facing continued economic impacts. The bank is deploying its full suite of crisis response tools to address the disruptions.
The Government of India has requested $1.5 billion in ADB financing to build resilience and sustain reform-based urban transformation and clean energy objectives. This includes a $1 billion policy-based loan under the Urban Transformation and Investment Program. A further $500 million is sought under the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program. The clean energy support aims to expand access, reduce dependence on imported fuels, strengthen domestic manufacturing, install battery energy storage systems, and enhance long-term energy security. It also promotes circular economy initiatives.
“ADB is acting with speed and scale to support countries experiencing a range of impacts from the Middle East conflict, including pressure on finances, remittances, tourism, and fuel and fertilizer supplies,” said ADB President Masato Kanda.
He added that, at this time of acute uncertainty and risk, ADB is deploying its full suite of crisis response instruments. Since 1 March, ADB’s Trade and Supply Chain Finance Program has delivered $673 million to support oil and gas imports and $390 million for food security across 9 countries. The program has been reactivated for oil imports on an exceptional basis for a limited period. Trade finance support to the Cook Islands is expected to commence soon.
ADB also stands ready to assist Vanuatu through its Rapid Resource Reprogramming and Deployment Option (3RDO), a new mechanism enabling swift repurposing of portfolio funds. The government has expressed strong interest in operationalizing the 3RDO to meet immediate financing needs arising from the current fuel crisis. The mechanism would also serve as a contingency tool for future crises. Founded in 1966, ADB is owned by 69 members, 50 of which are from the region. The bank continues to support sustainable, inclusive, and resilient growth across Asia and the Pacific.
