Philippines, Oct. 2 -- The Asian Development Bank (ADB) has signed a $15 million financing package with Nauru 40997 Leasing Corporation, a wholly owned subsidiary of Naoero Air Corporation (NAC), to improve transport resilience, regional connectivity, and cross-border trade and supply activities in Naoero and other remote and underserved Pacific island countries.The financing package comprises a $5 million loan from ADB's ordinary capital resources, a $5 million concessional loan from the Leading Asia's Private Infrastructure Fund 2 (LEAP 2), and a reimbursable grant of up to $5 million from the Private Sector Window of the Asian Development Fund. The project was processed through ADB's Wayfinder (Pacific) Program, which accelerates private...