Adb

The Federal Reserve is widely expected to ease monetary policy for the first time in 2025 after data showed US jobs growth cooled notably in August and unemployment climbed to the highest since 2021.

India-UK FTA to boost market access, signals shift to bilateral trade: Sitharaman

Finance minister Nirmala Sitharaman says bilateralism is the ‘order of the day’ as India and the UK seal historic free trade agreement

India pushes bilateral trade deals amid rising global uncertainty: Sitharaman

Amid weakening multilateral systems and rising global protectionism, Finance Minister emphasised urgency in forging trade pacts.

India building long-term, asset-based strategy to bolster supply chains: Sitharaman

India is leveraging human capital, technology and digital infrastructure to deepen manufacturing and services-led growth, Finance Minister Nirmala Sitharaman said.

India, ADB sign $500 million loan to aid sustainable infrastructure projects

The agreement aims to build the institutional capacity of IIFCL to integrate green and best practices into the infrastructure projects, the statement added

ADB retains India's FY25 growth forecast at 7%

The multilateral institution expects inflation to grow faster at 4.7 percent compared with 4.6 percent in its April report

ADB open to funding space sector in India: VP Bhargav Dasgupta

ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.

L&T Finance, ADB signs $125 million pact to support financing needs in rural, peri-urban areas

40% of the proceeds is allocated for women borrowers, while the rest will support farmers, and MSMEs, as well as loans to purchase new two-wheeled vehicles

ADB, India sign $130 million loan to promote horticulture in Himachal Pradesh

The project interventions will help increase the income and resilience to the effects of climate change of at least 15,000 farm households across seven districts of the state.

Need robust ADB that adopts transformational approach for regional development: FM Nirmala Sitharaman

Highlighting that the world is passing through an age of "resets" of fuel, food, fertiliser, debt, energy, supply chain, sustainability, fiscal stability, etc, she said "we need a robust ADB that adopts a transformational rather than incremental approach for sustainable and resilient regional development."

High growth and recovery is like a chicken-and-egg situation for economies: FM

Sitharaman said that due to the pandemic in the past couple of years the counties have knowingly gone into a situation of high debt but a fiscal glide path was necessary in the long term.

ADB commits Rs 150 crore to Tata Power Delhi Distribution Ltd

Besides, Asian Development Bank (ADB) agreed to provide USD 2 million grant to partially finance the purchase and integration of a pilot battery energy storage system (BESS), a statement by Manila-based funding institution said.

China's reopening brightens developing Asia's 2023 growth outlook: ADB

Developing Asia, which groups together 46 economies in the Asia-Pacific, is forecast to grow 4.8% in 2023, the ADB said in its Asian Development Outlook report, more than its previous estimate of 4.6% in December, and following 4.2% growth in 2022.

ADB keeps India's GDP growth unchanged at 7%

ADB's 7 percent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 percent GDP growth in 2021-22.

ADB trims growth outlook for developing Asia as headwinds persist

The Manila-based lender said in a supplement to its Asia Development Outlook report it expected 2022 growth in developing Asia to slow to 4.2%, down slightly from its 4.3% forecast in September and marking the fifth time the outlook was downgraded.

ADB 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 to create a comprehensive policy, planning, and institutional framework at the federal, state, and city level, it said in a release.

GreenCell Express secures $40 million loan from ADB to produce 255 e-buses

Overall, the project will reduce emissions by 14,780 tonne per year, ADB said.

ADB announces $14 billion support for food security in Asia Pacific

The funding was announced by Asian Development Bank (ADB) President Masatsugu Asakawa as part of the 55th ADB annual meeting, during a virtual press conference.

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB

For the next fiscal year too, the forecast has been revised upwards to 5.8 per cent from 5 per cent earlier. Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report.

ADB cuts India's GDP growth forecast for FY23 to 7% on high inflation, monetary tightening

The Asian Development Bank has also lowered the growth forecast for FY24 by 80 basis points to 7.2 percent

Rate hikes, Ukraine war, China woes dim Asia growth outlook: ADB

The ADB now expects the area's combined economy, which includes China and India, to grow 4.3% this year, after previously trimming the forecast to 4.6% in July from 5.2% in April.

Bangladesh seeking $2 billion from World Bank, ADB

Bangladesh's $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit.

Chart of the Day: India a bright spot, but at the cost of high inflation 

The war in Ukraine, the sanctions on Russia, tightening financial conditions and China’s zero-COVID policy are some of the usual suspects behind ADB's Asia outlook revision

ADB downgrades Asia GDP forecast as China sticks to Covid Zero

The bank expects the region to grow 4.6 percent this year compared to an earlier forecast of 5.2 percent

Sri Lanka misses ADB payment, PM Ranil Wickremsinghe tells Parliament

Colombo, May 18 Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday said the country has missed a payment to the Asian Development Bank, bl..