Asian Development Bank

Domestic demand cushions impact, but investment outlook remains weak

A country on credit: Pakistan’s cup-in-hand model explained as it runs to ADB after China pulls plug on $7 billion rail project

Rather than building financial independence, Islamabad continues to survive on loans. Its dependence on external bailouts is no longer just an economic problem but a geopolitical liability.

India strongly opposes ADB's $800 million loan to Pakistan, cites misuse risks

Asian Development Bank (ADB) on Tuesday approved USD 800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan.

India red flags Pakistan's past track record as Asian Development Bank approves $800 million financial aid

Pakistan's policy of cross-border terrorism has led to a worsening of the security situation in the region, India said on the ADB's decision.

UGRO Capital raises Rs 250 crore from Asian Development Bank

The company had in December raised an equal amount through non-convertible debentures from FMO, a Dutch entrepreneurial development bank

Asian Development Bank approves $200 million loan to debt-stricken Sri Lanka

The bank's announcement comes as Sri Lanka is awaiting International Monetary Fund approval for the second installment of a $2.9-billion bailout package to rescue the country from bankruptcy.

Govt, ADB sign $400 million loan to support urban reform agenda

The initiative also includes integrated urban planning reforms to control urban sprawl and create systemic and planned urbanisation by improving the complete ecosystem of legal, regulatory, and institutional reforms, as well as ULB capacity building and community awareness.

Day after resigning from ICICI Lombard, Bhargav Dasgupta joins Asian Development Bank as VP for market solutions

Bhargav Dasgupta will be responsible for the management of the operations of ADB’s Private Sector Operations Department and Office of Markets Development and Public–Private Partnerships.

ADB, India sign $141.12-million loan for industrial corridor development in Andhra

The funding is for construction of roads, water supply systems and electricity distribution network in three industrial clusters in the state, the finance ministry said in a statement.

Indian economy not falling behind, likely to grow at 6.5% in FY24: Sanjeev Sanyal

Recently, the World Bank and the Asian Development Bank projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.

India's growth to moderate to 6.4% in FY24 : Asian Development Bank

However, ADB expects the country's economic growth to accelerate to 6.7 per cent in FY25 driven by private consumption and private investment on the back of government policies to improve transport infrastructure, logistics, and the business ecosystem.

Asian Development Bank to provide Rs 754 crore loan to SAEL Industries

The lender and SAEL have entered into a loan agreement, according to a release on Friday.

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, Wabag Sign Rs 200 crore debt facility to support sanitation and water security in India

The board of Va Tech Wabag approved the proposal for fundraising by way of issuance of non-convertible debentures up to Rs 200 crore to ADB on a private placement basis.

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.

IndusInd Bank, Asian Development Bank ink pact for Rs 560 crore lending programme for supply chain financing

The bank has entered into a partial guarantee programme with ADB with an initial outlay of USD 70 million (Rs 560 crore), exclusively towards promoting supply chain finance solutions in India, IndusInd Bank said in a release on Friday.

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

ADB to provide $2 million loan to support urban development in Nagaland

The PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 district headquarter towns (DHTs) with climate resilient features and improved access to poor and vulnerable.

ADB lends record $4.6 billion loans to India in 2021

Of the COVID-19-related assistance, $1.5 billion was towards vaccine procurement and $300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.

Asian Development Bank approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation, Asian Development Bank said in a release.

Tapi pipe(line) dream rises again from the ashes of the Afghan war

Huge questions still hang over the project, though. Among them are the difficulty of pushing a pipeline through a war-torn country, and financing the Tapi pipeline which ADB says could cost USD 10 billion.

Government reappoints Shaktikanta Das as RBI Governor for 3-years

Shaktikanta Das also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB)

ADB lowers India's GDP growth projection for this fiscal to 10% on COVID disruptions

In April, ADB had projected a growth rate of 11 per cent in 2021-22 for India.