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Asian Development Bank (ADB)

Centre, ADB sign $350 million loan to boost India's supply chains

Centre, ADB sign $350 million loan to boost India's supply chains

Sat, Dec 21, 2024

The Indian government and the Asian Development Bank (ADB) on Friday signed an agreement for a $350 million policy-based loan under the second subprogramme of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme, to strengthen the domestic manufacturing sector and improve the resilience of supply chains.

Sri Lanka to obtain $200 million loan from ADB for power sector development

Sri Lanka to obtain $200 million loan from ADB for power sector development

Tue, Dec 10, 2024

The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a statement from the government's information department on Tuesday.

India signs $98 million loan agreement with Asian Development Bank to boost horticulture productivity

India signs $98 million loan agreement with Asian Development Bank to boost horticulture productivity

Sat, Nov 30, 2024

As per the ministry the project aims to establish clean plant centres equipped with state-of-the-art laboratories for disease diagnostics and staffed by trained experts.

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ADB lauds India's fossil fuel subsidy reforms

ADB lauds India's fossil fuel subsidy reforms

Sat, Nov 02, 2024

ADB said the cess significantly contributed to strengthening the budget of Ministry of New and Renewable Energy during 2010–2017 and provided the initial funds for the country's Green Energy Corridor scheme and its National Solar Mission.

ADB commits $434.25 million loan for solar facility in Assam

ADB commits $434.25 million loan for solar facility in Assam

Fri, Oct 25, 2024

This storage system will be established through a joint venture between the Assam Power Distribution Company Limited (APDCL) and the Oil and Natural Gas Corporation Ltd. Tripura Power Company Ltd, it said.

India's working-age population to rise until 2040 amid declines in China and Japan: ADB Report

India's working-age population to rise until 2040 amid declines in China and Japan: ADB Report

Sat, Aug 03, 2024

As per ADB, Asia and the Pacific can effectively manage their demographic deficits through proactive regional migration policies and human capital investment.

ADB approves $240.5 million loan for rooftop solar systems in India

ADB approves $240.5 million loan for rooftop solar systems in India

Thu, Jul 18, 2024

The ADB announced on Wednesday that this financing will support tranches 2 and 3 of the Multitranche Financing Facility (MFF) Solar Rooftop Investment Program, initially approved by ADB in 2016.

ADB approves $41 million for Pacific Disaster Resilience Programme

ADB approves $41 million for Pacific Disaster Resilience Programme

Fri, Jun 28, 2024

It will provide the Cook Islands with a 20-million-dollar loan, the Marshall Islands with a 6-million-dollar grant, the FSM with a 6-million-dollar grant, Tuvalu with a 4-million-dollar grant, and Vanuatu with a 5-million-dollar grant, reports Xinhua news agency.

ADB approves $170 million loan to strengthen health system in India

ADB approves $170 million loan to strengthen health system in India

Wed, Jun 19, 2024

The Strengthened and Measurable Actions for Resilient and Transformative Health Systems will support the government's National Health Policy 2017, which aims to provide quality health care services to all, ADB said in a statement.

ADB commits $50 million to accelerate energy transition in Asia-Pacific region

ADB commits $50 million to accelerate energy transition in Asia-Pacific region

Wed, Jun 19, 2024

To address development challenges resulting from the effects of climate change in the Asia-Pacific, the Asian Development Bank (ADB) has committed USD 50 million to the Actis Asia Climate Transition Fund, the ADB said in a release.

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

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

Fri, May 03, 2024

India, a founding member of ADB, is now ADB's fourth largest shareholder and its top borrower since 2010.

ADB operations reach $23.6 billion in 2023, achieve record climate finance of $9.8 billion

ADB operations reach $23.6 billion in 2023, achieve record climate finance of $9.8 billion

Sat, Apr 27, 2024

The report explains how ADB is evolving so it can help accelerate the region's progress toward the Sustainable Development Goals. Major capital management reforms introduced in 2023 will bolster the bank's future lending operations by unlocking up to $100 billion in new lending capacity over the next decade.

ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand

ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand

Thu, Apr 11, 2024

The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).

Asian Development Bank extends USD 400 million loan to enhance urban services in India

Asian Development Bank extends USD 400 million loan to enhance urban services in India

Wed, Oct 25, 2023

According to a press release by ADB, this initiative is part of a broader strategy to support the Indian government's urban reform agenda, enhancing the quality of urban life by fostering top-notch urban infrastructure, ensuring reliable public services, and streamlining governance systems.

ADB approves $400 million loan for better infra in Indian cities

ADB approves $400 million loan for better infra in Indian cities

Wed, Oct 25, 2023

ADB will continue to provide knowledge and advisory support to the Ministry of Housing and Urban Affairs in program implementation, including monitoring and evaluation.

ADB approves USD 181 million loan to enhance urban infrastructure in Ahmedabad's Peri-urban areas

ADB approves USD 181 million loan to enhance urban infrastructure in Ahmedabad's Peri-urban areas

Tue, Oct 17, 2023

According to a press release by ADB, Ahmedabad and its peripheral areas have seen rapid industrial growth, significantly contributing to Gujarat's economic development.

ADB's capital reforms to unlock USD 100 billion funds for Asia, Pacific in next 10 years

ADB's capital reforms to unlock USD 100 billion funds for Asia, Pacific in next 10 years

Fri, Sep 29, 2023

Asian Development Bank (ADB) on Friday approved capital management reforms that unlock USD 100 billion in funds over the next 10 years to support Asia and the Pacific region with resources to manage a complex set of overlapping crises and climate change challenges.

Pakistan requests USD 300 million loan from Asian Development Bank for water project

Pakistan requests USD 300 million loan from Asian Development Bank for water project

Mon, Aug 28, 2023

The cash-strapped country had already secured a USD 3 billion bailout plan from the International Monetary Fund in July, and still, Pakistan is looking for a loan for the Kurram Tangi Integrated Water Resources Development project.

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.

FM Nirmala Sitharaman highlights investment opportunities in India in bilateral meeting with Korean FM

FM Nirmala Sitharaman highlights investment opportunities in India in bilateral meeting with Korean FM

Thu, May 04, 2023

The minister met Choo Kyung-ho, Deputy PM & Minister of Economy and Finance, South Korea, on the sidelines of 56th ADB Annual Meeting here, and also invited Korea Investment Corporation (KIC) and other investors to take forward investment in India's infrastructure sector.

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.

Axis Bank inks USD 150 million partial guarantee pact with ADB to support supply chain financing

Axis Bank inks USD 150 million partial guarantee pact with ADB to support supply chain financing

Thu, Apr 07, 2022

Axis Bank on Thursday said it has collaborated with Asian Development Bank (ADB) for a partial guarantee programme with initial outlay of USD 150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors.

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

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

Wed, Sep 22, 2021

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

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