Asian Development Bank

Developing economies in Asia to undergo recession in 2020: Asian Development Bank

The update downgrades growth estimates for many countries in the region, where outbreaks of coronavirus have surged in some countries, such as the Philippines and Indonesia.

published on : 15th September 2020

Asian Development Bank to help protect North Chennai from floods by funding storm water drains

The proposed project aims to address many of the root causes of floods in the city through construction of flood management assets in the Kosasthalaiyar basin

published on : 3rd September 2020

Ashok Lavasa resigns as Election Commissioner; to join ADB as vice president

Lavasa, the sources said, has sent his resignation to Rashtrapati Bhavan and has requested to be relieved on August 31.

published on : 18th August 2020

ADB approves USD 1 billion loan for Delhi-Meerut Regional Rapid Transit System

The design of the stations will consider the needs of the elderly, women, children, and differently abled.

published on : 18th August 2020

Asian Development Bank appoints Election Commissioner Ashok Lavasa as new vice-president

Lavasa will succeed Diwakar Gupta, whose term will end on August 31.

published on : 15th July 2020

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

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

published on : 8th July 2020

Developing Asia to 'barely grow' in 2020; India's GDP to contract by 4 per cent this fiscal: ADB

Hit hard by COVID-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April.

published on : 18th June 2020

Global economy could witness losses worth up to USD 8.8 trillion due to COVID-19: ADB

'This new analysis presents a broad picture of the very significant potential economic impact of COVID-19,' said ADB Chief Economist Yasuyuki Sawada.

published on : 15th May 2020

Asian Development Bank gives USD346 million loan for power sector in rural Maharashtra

Agriculture output, however, has been impacted by lack of irrigation, less-than-efficient use of electricity and water, as well as inadequate storage and connectivity to markets.

published on : 29th April 2020

Asian Development Bank approves USD 1.5 billion loan to India to fight COVID-19

CPRO was established as part of ADB's USD 20 billion expanded assistance for developing member countries' COVID-19 response, which was announced on April 13.

published on : 28th April 2020

Asian Development Bank tops up Covid-19 rescue package to USD 20 billion

The Asian Development Bank (ADB) on Monday has tripled the size of its Covid-19 response package for its member nations to $20 billion.

published on : 14th April 2020

Asian Development Bank triples financial aid to fight coronavirus to USD 20 billion

The multilateral funding agency said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance.

published on : 13th April 2020

ADB assures USD 2.2 billion support package to India for COVID-19 response

ADB is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement.

published on : 10th April 2020

ADB approves USD 2 million grant to Pakistan as coronavirus cases cross 1600

The number of coronavirus cases in Pakistan reached 1,664 while the death toll stood at 21.

published on : 30th March 2020

Asian Development Bank​ to hold annual meeting in two stages in view of coronavirus pandemic

The meeting will then be adjourned and reconvened on September 18 for a full-scale second-stage annual meeting at Incheon in South Korea.

published on : 20th March 2020
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