We are increasing our private sector financing four-fold: ADB’s Masato Kanda
The ongoing conflict in the Middle East is delivering a direct hit to the global economic engine. Geopolitical disruptions do not respect borders. They affect fuel, freight, finance, and factories. They also spike trade uncertainty and land squarely on the household budgets of the communities that can least afford it. At the same time, we are facing an unprecedented, staggering surge in electricity demand. This isn’t just being driven by rapid urbanization. It is being fueled by the explosive expansion of power-intensive AI data centers and deep electrification of our economies.
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