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Asian Development Bank Cuts Down India’s Economic Growth Forecast To 10%

ADB, India Sign $295 Mn Loan Pact To Upgrade State Highways In Bihar

The project supports the Bihar government programme to upgrade all state highways to standard two-lane widths and improve road safety, ADB said in a statement

28 July 2023

Asian Development Bank

ADB, India Sign $130 Mn Loan To Promote Horticulture In Himachal Pradesh

The project aims to improve on-farm irrigation and water management in about 6,000 hectares of farmland

12 June 2023

Asian Development Bank

ADB Approves $350 Million In Budgetary Support To Sri Lanka

IMF recently extended a nearly $ 3 billion bailout facility to debt-ridden Sri Lanka

29 May 2023

 The agency had earlier forecast the fiscal deficit of the states to print in at 4.1 per cent.

ADB Retains India's Growth Forecast At 6.4% For Current Fiscal

In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation this year for...

19 July 2023

Asian Development Bank

ADB Operations To Focus On Job Creation, Promoting Climate-Resilient Growth During 2023-27

Launching a new country partnership strategy (CPS) for India, ADB said it is focussed on deepening its engagement with the country and supporting the country's drive for robust, climate-resilient, and inclusive growth

30 May 2023

Asian Development Bank

ADB May Look At Fresh Issuance Of Rupee Denominated Bonds

India has been seeking an increase in investments in priority sectors of clean energy, infrastructure spending and climate financing from multilateral lending institutions, even as it has been pushing for efforts to boost...

02 May 2023

Asian Infrastructure Investment Bank

Canada Suspends Work With Chinese-Founded Development Bank While It Investigates Complaints

The AIIB, seen by some as a Chinese rival to the World Bank and Asian Development Bank, was founded in 2016 to finance railways and other infrastructure

15 June 2023

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Asian Development Bank

India's Growth To Moderate To 6.4% In FY24 : Asian Development Bank

Services exports growth has been robust and is expected to continue to strengthen India's overall balance of payments position

04 April 2023

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04 April 2023
ADB Forecasts China, India To Power Strong Growth In '23

ADB Forecasts China, India To Power Strong Growth In '23

The ADB forecasts that China's economy will grow 5  per cent this year and 4.5  per cent next year, an improvement over last year's 3  per cent growth but...


07 February 2023
Greener Trade, Investment Crucial To Tackle Climate Change In Asia Pacific: Asian Development Bank

Greener Trade, Investment Crucial To Tackle Climate Change In Asia Pacific: Asian Development Bank

The Asian Economic Integration Report (AEIR) 2023, released by ADB said Asia is one of the most vulnerable regions to climate change risks, yet it emits the...


30 January 2023
Bengaluru To Host First G20 Energy Transition Working Group Meeting Under India’s Presidency

Bengaluru To Host First G20 Energy Transition Working Group Meeting Under India’s Presidency

Senior government officials from the ministries concerned will also participate in the ETWG meeting


23 January 2023
Asian Development Bank To Provide $131 Million Loan To Support Jawaharlal Nehru Port Container Terminal Upgrade

Asian Development Bank To Provide $131 Million Loan To Support Jawaharlal Nehru Port Container Terminal Upgrade

NSFTPL is a special purpose vehicle jointly owned by J M Baxi Ports and Logistics Limited (JMBPL) and CMA Terminals


01 January 2023
Tripura signs Rs 2,275 Crore Agreement With ADB To Improve Power Distribution Network

Tripura signs Rs 2,275 Crore Agreement With ADB To Improve Power Distribution Network

Terming the agreement as "historic" for the state, Dev Varma said it is the single biggest project in any plan through an externally aided project


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09 December 2022
Asian Development Bank Approves $250 Million Loan To Strengthen Logistics Sector

Asian Development Bank Approves $250 Million Loan To Strengthen Logistics Sector

The loan will finance the first sub-program of the strengthening multimodal and integrated logistics ecosystem program, which supports the government's efforts...


27 September 2022
ADB To Devote $14 Billion To Help Ease Food Crisis In Asia-Pacific

ADB To Devote $14 Billion To Help Ease Food Crisis In Asia-Pacific

The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to poverty and...


15 September 2022
Sri Lanka Crisis: India Top Lender To Sri Lanka In 2022, Says Think Tank Report

Sri Lanka Crisis: India Top Lender To Sri Lanka In 2022, Says Think Tank Report

India has provided a total of $4 billion in credit to Sri Lanka through its worst-ever financial crisis in 2022 to purchase essentials like fuel and...


19 June 2022
Pakistan Working Closely With FATF To Schedule Early On-Site Visit To Exit Grey List: Minister Khar

Pakistan Working Closely With FATF To Schedule Early On-Site Visit To Exit Grey List: Minister Khar

Pakistan has been on the grey list of the Paris-based FATF since June 2018 for failing to check money laundering leading to terror financing and was given a...


06 February 2022
ADB Lends Record $4.6 Billion Loans To India In 2021

ADB Lends Record $4.6 Billion Loans To India In 2021

The Asian Development Bank committed a record $4.6 billion in sovereign lending to India in 2021 for 17 loans, including $1.8 billion for the country's...


15 December 2021
Himachal Govt To Privatise Four ADB-Funded Tourism Properties, Cong Says 'Himachal On Sale'

Himachal Govt To Privatise Four ADB-Funded Tourism Properties, Cong Says 'Himachal On Sale'

Himachal tourism: Chief Minister Jai Ram Thakur, who holds the tourism portfolio, was not present in the House when the Opposition staged a walk-out.


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10 December 2020
India Is Recovering Faster Than Expected, 8% Contraction Next Year: Asian Development Bank

India Is Recovering Faster Than Expected, 8% Contraction Next Year: Asian Development Bank

The growth projection for next year is kept at 8 per cent, with trends suggesting that the economy has begun to normalise.


26 November 2020
Asian Development Bank's Pill To Recover From Pandemic

Asian Development Bank's Pill To Recover From Pandemic

Build stronger regional cooperation strategies, suggests a new book by ADB


18 August 2020
Ashok Lavasa Resigns As Election Commissioner, To Join ADB As Vice President

Ashok Lavasa Resigns As Election Commissioner, To Join ADB As Vice President

Lavasa, the sources said, has sent his resignation to Rashtrapati Bhavan and has requested to be relieved on August 31.


15 July 2020
ADB Appoints Election Commissioner Ashok Lavasa As New Vice-president

ADB Appoints Election Commissioner Ashok Lavasa As New Vice-president

Lavasa will succeed Diwakar Gupta, whose term will end on August 31.


20 May 2020
Pakistan To Seek $2 Billion In New Loans From World Bank, ADB: Report

Pakistan To Seek $2 Billion In New Loans From World Bank, ADB: Report

Last month, Pakistan had received an emergency loan of $1.39 billion from the International Monetary Fund (IMF) and an aid of $200 million from the World...


28 April 2020
Asian Development Bank Approves USD 1.5 Bn Loan To India To Fight COVID-19

Asian Development Bank Approves USD 1.5 Bn Loan To India To Fight COVID-19

The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention, as well as social protection for the poor...


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