Page 7 - Asian Development Bank

Sri Lanka in talks with China for $2.5 bn credit support: Chinese official

Chinese ambassador to Sri Lanka Qi Zhenhong told reporters the two sides were also discussing a separate loan of up to $1 billion which the Sri Lankan government had requested

Coronavirus pandemic erased over 9 mn jobs in Southeast Asia, says ADB

This pushed 4.7 million people to extreme poverty last year, measured as living on less that $1.90 a day, the ADB said in a report

Trade integration deepens in Asia-Pacific region amid pandemic: ADB

Trade among economies in the Asia-Pacific rose to the highest level in three decades, bolstering the region's economic resilience amid the Covid-19 pandemic.

Asian Development Bank lends record $ 4.6-bn loans to India in 2021

The Asian Development Bank (ADB) on Sunday said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response

Several electricity projects in Afghanistan halted due to funds suspension

Several electricity supply projects to Afghanistan have been halted since the past four months due to the suspension of funds from the Asian Development Bank

ADB to provide $350 million loan to improve urban services in India

The Asian Development Bank will provide $350 million loan to improve access to urban services in India by accelerating policy actions and reforms to enhance service delivery

Govt inks 2 loan agreements of Rs 2,074 cr with Asian Development Bank

The loan agreements are for an affordable housing project in Tamil Nadu and a water sanitation programme in Uttarakhand

ADB, GoI sign $300-mn loan to improve primary healthcare in urban areas

This will benefit over 256 mn urban dwellers, including 51 mn from slum areas

Asian Development Bank gets $665 million for climate projects

ASEAN countries have a unique opportunity to build a green and inclusive future after the COVID-19 pandemic, ADB President Masatsugu Asakawa said

ADB to provide $100 mn loan for agribusiness development in Maharashtra

The Asian Development Bank will provide a $100 million (around Rs 749 crore) loan to promote agribusiness network to boost farm incomes and reduce food losses in Maharashtra

Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn

The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet

ADB trims India's FY22 growth forecast to 10% on second wave impact

Downward revision stems from India's economic recovery getting impacted due to spike in Covid-19 cases in May, the agency said

ADB scales down India's economic growth forecast for this fiscal to 10%

The Asian Development Bank on Wednesday revised down India's economic growth forecast for the current fiscal to 10 per cent, from 11 per cent predicted earlier

Sri Lanka is facing a severe foreign exchange crisis, says finance minister

The government's revenues were also far short of target as pandemic curbs hurt economic activity, Rajapaksa said during a debate in parliament Tuesday

ADB approves $150 mn loan to improve urban housing in Tamil Nadu

The Asian Development Bank (ADB) has approved a 150 million dollar (about Rs 1,095 crore) loan to provide access to inclusive, resilient and sustainable housing for the urban poor in Tamil Nadu.

Covid-19 pushes 80 million people in Asia into extreme poverty: ADB

Covid-19 pandemic has pushed an estimated 75 million to 80 million more people in developing Asia into extreme poverty as of last year compared with what would have happened without Covid, ADB said

$250 mn ADB loan to support Bangladesh social resilience programme

The Asian Development Bank approved a $250 mn policy-based loan to the government of Bangladesh to help finance reforms aimed at improving the inclusiveness and responsiveness of the country

Promoting learning society key to equitable education amid Covid-19: ADB

Educational institutions must work with governments, the private sector, communities and civic authorities to ensure equitable access to high-quality learning resources during the pandemic, says ADB

Help nations to prevent health crisis from becoming eco crisis: FM to ADB

India asked multilateral lending institutions like Asian Development Bank to extend support to developing countries to prevent the Covid-induced health crisis from turning into economic catastrophe

Investment in health, social sector to help recovering from pandemic: ADB

Investment in health, education and social protection alongside deeper regional cooperation can help countries in Asia Pacific region in achieving equitable recovery from Covid, Asian Development Bank