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ADB, Canada launch new climate action fund for Asia-Pacific

MANILA, June 17 (Xinhua) — The Asian Development Bank (ADB) and Canada on Monday announced a partnership to create a new 360 million Canadian dollars (about 262.1 million U.S. dollars) trust fund that will support private-sector projects in Asia-Pacific region focused on climate and nature-based solutions while accelerating gender equity.

The ADB will administer the Canadian Climate and Nature Fund for Private