Asian Development Bank

ADB commits USD 14 billion to ensure food security in Asia Pacific facing high inflation

Last week, ADB lowered the economic growth forecast for Asia and the Pacific for 2022 to 4.3 per cent from its April projection of 5.2 per cent.

published on : 27th September 2022

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

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.

published on : 21st September 2022

India top lender to crisis-hit Sri Lanka this year

Loans from India with USD 376.9 million were the highest foreign financing disbursements during the period of January 1 to April 30, 2022, according to Sri Lanka's Finance Ministry.

published on : 19th July 2022

Sri Lanka misses ADB payment, PM tells Parliament

Sri Lanka has already suspended repayments for international sovereign bonds, commercial bank loans, Exim bank loans, and bilateral loans.

published on : 18th May 2022

Lankan PM Wickremesinghe holds talks with World Bank, ADB as India delivers diesel shipment

A crippling shortage of foreign reserves has led to long queues for fuel, cooking gas and other essentials while power cuts and soaring food prices heaped misery on the people.

published on : 15th May 2022

Odisha to get performance-based grants from Centre to improve road safety

Odisha has been selected for performance-based grants from the Centre to improve its road safety outcomes.

published on : 11th April 2022

India to grow at 7.5 pc in FY23 on strong investment, to rise to 8 per cent  next fiscal: ADB

The Asian Development Bank, however, flagged inflation as a major issue mainly on account of a rise in prices of commodities in wake of the ongoing Russia Ukraine war.

published on : 6th April 2022

ADB projects India's economy to grow by 7.5 per cent in FY23; to pick-up to 8 per cent next fiscal

ADB said developing Asia's economies are predicted to grow by 5.2 per cent this year and 5.3 per cent in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports.

published on : 6th April 2022

Asian Development Bank commits $65.5 mn to check coastal erosion in Karnataka

The financing will be used to address the immediate coastal protection needs and for strengthening the institutional capacity of Karnataka's public works, ports and inland water transport department.

published on : 27th October 2017

GST to benefit lower, lower-middle income class: Asian Development Bank blog

In general, GST is likely to reduce the tax rate on goods as compared to earlier times, while tax rates on services are expected to increase, the blog said.

published on : 22nd August 2017

Asian Development Bank proposes USD 10 billion support for India's low-income states

The bank is also prepared to invest up to USD 5 billion during 2018-22 for infrastructure building to develop East Coast Economic Corridor.

published on : 29th June 2017

Reduce time lag in loan approval and disbursal, India tells Asian Development Bank

Finance Minister Arun Jaitley also asked the multilateral lender to set up a regional hub in New Delhi for South Asia region so that a majority of the proposals could be processed there speedily.

published on : 7th May 2017

Asian Development Bank releases $48 mn to improve Assam power distribution  

The project will help Assam to enhance capacity and efficiency of its power distribution system to improve electricity service to end users, the Ministry statement read.

published on : 8th November 2016