ADB rolls out $4 billion to help weather ME crisis

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June 13, 2026 | 12:00am

MANILA, Philippines — The Asian Development Bank (ADB) is deploying $4 billion in financing to help countries withstand the impact of the Middle East conflict.

In a statement, the multilateral lender said the amount includes about $3 billion requested by governments and $1 billion in trade finance for energy and food imports.

ADB said it has received formal requests for support from 15 affected governments across the region, including the Philippines, Bangladesh, Fiji and Sri Lanka, amid pressure from higher fuel, food and other costs stemming from the Middle East conflict. 

Last month, ADB said it is ready to provide up to $1.75 billion in additional financing to help the Philippines manage the economic impact of the Middle East conflict.

Requests for support received by the ADB range from $15 million to $1.5 billion and include policy-based loans, countercyclical financing, rapid repurposing of existing sovereign portfolio funds and emergency assistance loans.

These requests were made following ADB’s March announcement of a financial support package to help mitigate the impact of the Middle East conflict.

At present, ADB is in discussions with an additional four countries that are still experiencing economic impacts.

In addition to these countries, ADB also received a request from India for $1.5 billion in financing to support efforts to build resilience, urban transformation and clean energy reforms.

ADB said that trade finance support for the Cook Islands is expected to commence soon.

The multilateral lender said it is also ready to support Vanuatu through its Rapid Resource Reprogramming and Deployment Option, which enables the quick repurposing of ADB portfolio funds for immediate relief and early recovery efforts.

“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,” ADB president Masato Kanda said.

“At this time of acute uncertainty and risk, we are deploying our full suite of crisis response instruments – including budget support, trade finance and a new mechanism to rapidly repurpose existing portfolio funds – to deliver the tailored and timely support our members, from large to small, need to safeguard their economies and communities,” he said .