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Asian Development Bank

ADB launches initiative to bolster women's resilience to heat stress in Asia

ADB launches initiative to bolster women's resilience to heat stress in Asia

Tue, Dec 05, 2023

The Asian Development Bank (ADB) has unveiled a pioneering initiative aimed at understanding and investing in adaptation strategies to combat the impacts of heat stress on women and girls throughout Asia and the Pacific.

India, ADB sign USD 400 million loan pact to build high-quality urban infra

India, ADB sign USD 400 million loan pact to build high-quality urban infra

Mon, Nov 13, 2023

The central government on Monday signed a USD 400 million policy-based loan with the Manila-based Asian Development Bank (ADB) to support its urban reform agenda to create high-quality urban infrastructure, improve service delivery, and promote efficient governance systems.

Multilateral Development Banks should work to increase private financing by USD 500 billion by 2030: Expert group report

Multilateral Development Banks should work to increase private financing by USD 500 billion by 2030: Expert group report

Mon, Oct 16, 2023

The independent expert group on multilateral development banks set up under India G20 Presidency, called for a better, bolder, and bigger MDB system to provide long-term finance to meet physical and social infrastructure needs globally.

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Asian Development Bank approves $300 m loan to improve trade in Nepal

Asian Development Bank approves $300 m loan to improve trade in Nepal

Thu, May 18, 2023

The Asian Development Bank (ADB) has approved a $300 million loan to improve transport connectivity in Nepal to international trade routes, particularly to India and Bangladesh.

Sitharaman meets ADB chief Masatsugu Asakawa, says India remains key partner

Sitharaman meets ADB chief Masatsugu Asakawa, says India remains key partner

Tue, May 02, 2023

The Union Minister, who arrived in Incheon earlier in the day to attend the annual general meeting of ADB, met Asakawa on the sidelines of the event, official sources said.

ADB approves $130 million loan for promoting horticulture in Himachal Pradesh

ADB approves $130 million loan for promoting horticulture in Himachal Pradesh

Fri, Feb 10, 2023

More than half of Himachal Pradesh's land area is in the mountains and 90 per cent of the population lives in rural areas who are dependent on agriculture, said ADB Senior Natural Resources and Agriculture Specialist for South Asia Sunae Kim.

ADB keeps India's GDP growth unchanged at 7%

ADB keeps India's GDP growth unchanged at 7%

Wed, Dec 14, 2022

The growth forecast for 2023-34 is unchanged at 7.2 per cent, "sustained by positive effects from structural reform and from public investment catalysing private investment".

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

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

Sun, Sep 25, 2022

The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7 per cent from its earlier projection of 5.8 per cent.

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

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

Wed, Sep 21, 2022

India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in a supplement to its flagship ADO report on Wednesday.

India set to grow at 7.2 pc this fiscal on rising consumption: ADB

India set to grow at 7.2 pc this fiscal on rising consumption: ADB

Wed, Apr 03, 2019

India's growth is set to pick up and is expected to grow at 7.2 per cent in the current fiscal on strengthening consumption, Asian Development Bank said in its flagship report released Wednesday.

Farm loan waivers against economic principles: ADB India chief

Farm loan waivers against economic principles: ADB India chief

Sat, Jan 12, 2019

Joining the debate on farm loan waivers, Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said such write-offs were against economic principles and cannot effectively address the agrarian distress.

ADB to extend USD 200 mn loan for upgrading roads in Bihar

ADB to extend USD 200 mn loan for upgrading roads in Bihar

Mon, Nov 26, 2018

The Centre and the Asian Development Bank (ADB) Monday signed a USD 200 million loan agreement to finance widening and upgrading of about 230 km of state highways in Bihar to all-weather standards with road safety features.

US-China trade war dims Asia's 2019 growth outlook: ADB

US-China trade war dims Asia's 2019 growth outlook: ADB

Wed, Sep 26, 2018

On Wednesday, Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts collateral damage on the region`s export-reliant economies, the Asian Development Bank (ADB) said.

India nudges ADB to invest in fintech, health startups

India nudges ADB to invest in fintech, health startups

Sat, May 05, 2018

Economic Affairs Secretary Subhash Chandra Garg said that the Asian Development Bank (ADB) should factor in the number of poor people in a country while deciding resource allocation. He was speaking on the sidelines of ADB's annual board meeting. The multilateral lender is making efforts to create 'Strategy 2030' to sustain its efforts to eradicate extreme poverty and to achieve sustainable growth in Asia and the Pacific

India to grow 7.3% this financial year, 7.6% in FY2019: ADB

India to grow 7.3% this financial year, 7.6% in FY2019: ADB

Thu, Apr 12, 2018

In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.

Big blow for Mumbai, Metro rollout delayed, here is why

Big blow for Mumbai, Metro rollout delayed, here is why

Tue, Apr 03, 2018

The deadlock over procurement of the coaches lasted for almost one year because the financing bank for the two Metro projects — the Asian Development Bank (ADB) — wanted MMRDA to strike out a condition stating 75 per cent of the Metro coaches will be made in India.

Centre, ADB sign $84 million loan for water supply in Bihar

Centre, ADB sign $84 million loan for water supply in Bihar

Fri, Feb 23, 2018

The ADB loan is part of the $200 million multi-tranche financing facility for the Bihar Urban Development Investment Programme, and it will facilitate improvement and expansion of water supply in Bhagalpur and Gaya towns in the state.

Sensex drops 175 points on ADB forecast, macro worries

Sensex drops 175 points on ADB forecast, macro worries

Wed, Dec 13, 2017

The 50-share NSE Nifty slipped below the 10,200-mark by falling 47.20 points, or 0.46 per cent, at 10,192.95 after hovering between 10,169.85 and 10,296.55.

ADB lowers India's 2017 growth outlook to 6.7%

ADB lowers India's 2017 growth outlook to 6.7%

Wed, Dec 13, 2017

The recovery in the Indian economy "is more subdued than assumed earlier due to rising crude oil prices, soft private investment growth, and weather-related risks to agriculture," the ADB said.

Despite short-term hiccups, India will remain world’s most dynamic emerging economies: ADB

Despite short-term hiccups, India will remain world’s most dynamic emerging economies: ADB

Tue, Sep 26, 2017

ADB in its report said that the forecast for the rest of FY2017 will be more bullish as private consumption is expected to pick up on the back of low inflation and anticipated wage hikes.

Give primacy to views of developing nations, says FM Arun Jaitley to ADB

Give primacy to views of developing nations, says FM Arun Jaitley to ADB

Sun, May 07, 2017

Finance Minister Arun Jaitley during his meeting in Japan has asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.

Govt, ADB sign $350 million loan for road development in Madhya Pradesh

Govt, ADB sign $350 million loan for road development in Madhya Pradesh

Wed, Mar 22, 2017

Along with ADB’s loan, the Government of Madhya Pradesh will provide counterpart support of $150 million.

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

Tue, Dec 27, 2016

Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.

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