The Asian Development Bank (ADB) and the International Atomic Energy Agency (IAEA) have signed a memorandum of understanding (MOU) to strengthen cooperation on the safe, peaceful, and sustainable use of nuclear energy in Asia and the Pacific. The agreement was signed by ADB President Masato Kanda and IAEA Director General Rafael Mariano Grossi, aiming to help developing member countries adopt nuclear power with robust safeguards, strong governance, and a commitment to sustainability.
ADB’s updated energy policy recognizes nuclear energy as an alternative to fossil fuels for baseload generation, and this partnership ensures countries exploring nuclear power can do so responsibly. The framework established under the MOU will support countries considering nuclear options, including small modular reactors, to enhance energy access, security, and low-carbon development. ADB is the first regional development bank to formalize such a partnership with the IAEA.
Mr. Grossi highlighted that the collaboration leverages ADB’s financing capabilities and governance expertise alongside the IAEA’s technical leadership to deliver reliable, low-carbon energy while strengthening resilience for millions of people across the region. The partnership will identify practical areas of collaboration, focusing on addressing rising energy demands and supporting sustainable energy transitions.
Before the signing, President Kanda addressed the International High Level Forum on Nuclear Technology for Controlling Plastic Pollution (NUTEC Plastics), emphasizing that the collaboration extends beyond energy. Joint efforts will also target safeguarding ocean health and addressing microplastics pollution, reflecting ADB and IAEA’s broader commitment to environmental sustainability.
The MOU outlines cooperation across the full nuclear life cycle, including energy planning, nuclear fuel cycle and radioactive waste management, and life cycle management of nuclear facilities. The IAEA will provide guidance on safety, security, safeguards, and stakeholder engagement, supporting informed decision-making by member countries.
ADB, a leading multilateral development bank, continues to promote inclusive, resilient, and sustainable growth across Asia and the Pacific. Founded in 1966 and owned by 69 members, including 50 from the region, ADB leverages innovative financial tools and strategic partnerships to transform lives, build infrastructure, and protect the environment.
