asian development bank
Jump to
218 Results Found
  • Asia needs to leverage stronger regional cooperation to boost COVID-19 recovery: Asian Development Bank Nov 26, 2020 03:39 PM IST

    Asia needs to leverage stronger regional cooperation to boost COVID-19 recovery: Asian Development Bank

    "Regional cooperation and integration has been an effective driver for strong economic growth and a sharp reduction in poverty,” ADB vice-president for knowledge management and sustainable development Bambang Susantono said in a statement.

  • ADB, govt ink $570 million loan agreement to fund public infrastructure building Oct 12, 2020 10:37 PM IST

    ADB, govt ink $570 million loan agreement to fund public infrastructure building

    Khare and Konishi also signed the agreement for the funding of Madhya Pradesh Urban Services Improvement Project, which is additional financing to scale up the scope of the ongoing project that was approved in 2017 with a $275 million loan.

  • ADB approves $300 million loan to finance water supply, sanitation infrastructure in Rajasthan Sep 26, 2020 01:45 PM IST

    ADB approves $300 million loan to finance water supply, sanitation infrastructure in Rajasthan

    The project is expected to build citywide access for improved water supply services for around 5,70,000 people in Rajasthan.

  • Asian Development Bank appoints Takeo Konishi as Country Director for India Sep 14, 2020 01:39 PM IST

    Asian Development Bank appoints Takeo Konishi as Country Director for India

    Takeo Konishi has 22 years of professional experience, including almost two decades with ADB in many senior roles including as Country Director of Uzbekistan Resident Mission and Advisor in the Central and West Asia department.

  • President Ram Nath Kovind accepts Ashok Lavasa's resignation as Election Commissioner Aug 19, 2020 11:45 AM IST

    President Ram Nath Kovind accepts Ashok Lavasa's resignation as Election Commissioner

    "...the President is pleased to accept the resignation tendered by Shri Ashok Lavasa, Election Commissioner with effect from the 31st August, 2020," the notification said.

  • 41 lakh young Indians lost jobs due to COVID-19 crisis: ILO-ADB Report Aug 19, 2020 08:35 AM IST

    41 lakh young Indians lost jobs due to COVID-19 crisis: ILO-ADB Report

    ILO-ADB report said that in India, two-thirds of firm-level apprenticeships and three-quarters of internships were completely interrupted during the pandemic.

  • Asia-Pacific may see $31.4-54.3 billion remittance losses due to COVID-19: ADB Aug 09, 2020 08:14 PM IST

    Asia-Pacific may see $31.4-54.3 billion remittance losses due to COVID-19: ADB

    The countries likely to face more severe effects from the pandemic-induced decline in remittance inflows are the ones where remittance shares to gross domestic product (GDP) and per capita remittances are high.

  • ADB plans to raise $30-35 billion from capital market this year; sells $4 billion global bonds Jul 08, 2020 07:16 PM IST

    ADB plans to raise $30-35 billion from capital market this year; sells $4 billion global bonds

    The 3-year bonds worth $4 billion, with a coupon rate of 0.25 percent per annum payable semi-annually, have a maturity date of July 14, 2023.

  • Coronavirus could inflict $8.8 trillion in global losses: Asian Development Bank May 15, 2020 08:32 AM IST

    Coronavirus could inflict $8.8 trillion in global losses: Asian Development Bank

    The ADB's forecast, equal to 6.4% to 9.7% of global gross domestic product, was worse than projections in April when it said the global economy could suffer between $2.0 trillion and $4.1 trillion in losses, depending on how long containment measures were in place.

  • ADB approves $1.5 bn loan to India to fight COVID-19 Apr 28, 2020 03:24 PM IST

    ADB approves $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 and economically vulnerable sections.

  • ADB triples rescue package to $20 billion for developing members to fight coronavirus Apr 13, 2020 02:40 PM IST

    ADB triples rescue package to $20 billion for developing members to fight coronavirus

    It previously announced an initial $6.5 billion in financial support to developing countries in the region for their immediate responses to contain the spread of the new coronavirus.

  • ADB assures $2.2 bn support package to India for COVID-19 response Apr 10, 2020 10:55 AM IST

    ADB assures $2.2 bn support package to India for COVID-19 response

    "ADB is committed to supporting India's emergency needs. We are now preparing USD 2.2 billion in immediate assistance to the health sector and to help alleviate the economic impact of the pandemic on the poor; informal workers; micro, small, and medium-sized enterprises; and the financial sector," Asakawa said.

  • ADB to provide $4 million to member countries to contain coronavirus outbreak Mar 01, 2020 05:48 PM IST

    ADB to provide $4 million to member countries to contain coronavirus outbreak

    The Manila-headquartered multilateral funding agency had earlier in February announced USD 2 million for fighting the disease and approved another USD 2 million in late February.

  • ADB lists Rs 850 cr masala bonds on India INX Feb 25, 2020 05:32 PM IST

    ADB lists Rs 850 cr masala bonds on India INX

    India INX is the country's first international exchange, located at International Financial Services Centre, GIFT City in Gujarat.

  • L&T construction arm bags 'large' orders from multiple clients in domestic market Jan 15, 2020 12:12 PM IST

    L&T construction arm bags 'large' orders from multiple clients in domestic market

    In a regulatory filing the company said its construction arm of L&T has secured orders from clients across various Indian states for its varied businesses.

  • Bangladesh has surpassed India as the fastest-growing South Asian economy : Report Oct 04, 2019 10:53 AM IST

    Bangladesh has surpassed India as the fastest-growing South Asian economy : Report

    In its latest Asian Development Outlook 2019 Report, data from the Asian Development Bank highlight how the GDP growth rate outlook for Bangladesh has bypassed that for India.

  • ADB pledges $7 billion for development activities in Pakistan Aug 30, 2019 06:13 PM IST

    ADB pledges $7 billion for development activities in Pakistan

    The Manila-based ADB is also planning to start a five-year Country Partnership Strategy (CPS) from 2020 to 2024 which will be in line with the Pakistan government's economic development programme, the report said.

  • ADB to provide $750 mn loan to India for railway track electrification project May 22, 2019 08:44 PM IST

    ADB to provide $750 mn loan to India for railway track electrification project

    IRFC will use the proceeds from the loan to install electric traction equipment along about 3,378 kilometres of existing railway lines to enable migration of passenger and freight traffic from diesel to electric traction.

  • ADB should expand private sector operations: Subhash Chandra Garg May 04, 2019 02:48 PM IST

    ADB should expand private sector operations: Subhash Chandra Garg

    Addressing the Board of Governors of the Asian Development Bank (ADB) here, Garg said there is a rising need for the agency to focus on strengthening human capital and develop social safety nets.

  • ADB committed highest-ever $3 billion in sovereign loans to India in 2018 Apr 16, 2019 05:02 PM IST

    ADB committed highest-ever $3 billion in sovereign loans to India in 2018

    In all, the Asian Development Bank, owned by 68 member countries, committed a total of $3.88 billion, including sovereign loans and co-financing during the year ended December 2018.

  • ADB to provide highest ever $926 mn infra loan for Mumbai metro Mar 01, 2019 06:55 PM IST

    ADB to provide highest ever $926 mn infra loan for Mumbai metro

    The project will fund 63 six-car trains, signalling and safety systems, and help establish a new dedicated metro operations organisation to manage the entire metro network in Mumbai.

  • Farm loan waivers against economic principles: ADB India chief Jan 11, 2019 09:01 PM IST

    Farm loan waivers against economic principles: ADB India chief

    Kenichi Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages.

  • ADB to scale up lending to $4.5 bn in 2019 Jan 11, 2019 04:43 PM IST

    ADB to scale up lending to $4.5 bn in 2019

    The agency also projected Indian economy to grow at 7.3 percent in the current fiscal, and will improve further to 7.6 percent next fiscal as investments pick up and GST stabilisation adds to revenues.

  • ADB retains Indian growth forecast at 7.3% for FY19 Dec 12, 2018 10:38 AM IST

    ADB retains Indian growth forecast at 7.3% for FY19

    India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, ADB said in its Asian Development Bank Outlook Supplement.

  • Asia to grow as expected in 2018 and 2019, trade war poses downside risks: ADB Dec 12, 2018 09:12 AM IST

    Asia to grow as expected in 2018 and 2019, trade war poses downside risks: ADB

    The ADB also kept its 6.6 percent and 6.3 percent growth projections for China as well as its 7.3 percent and 7.6 percent growth expectations for India for both years.

Sections