Tag: Asian Development Bank
17 Results
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When benefactors become villains
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
November 5, 2022 -
Asian Development Bank grants USD 3 million to support Pakistan’s flood response
The grant, financed from the Asia Pacific Disaster Response Fund (APDRF), will help fund the immediate purchase of food supplies, tents, and other relief goods to support flood victims across the country, read ADB press release.
September 1, 2022 -
Laos among countries with highest inflation in SE Asia
The inflation forecast for Southeast Asia for 2022 has been raised significantly from 3.7 percent to 4.7 percent, according to the latest report from the Asian Development Bank.
July 29, 2022 -
Ahsan Iqbal seeks early approval of IMF staff agreement
The IMF and Pakistan reached a staff-level agreement last week that they hoped would stabilise the country’s economy and depreciating currency.
July 21, 2022 -
Eyeing $4bn from friendly countries this month
Depleting reserves, a widening current account deficit and the rupee’s depreciation against the dollar have left the nation facing a balance-of-payments crisis.
July 18, 2022 -
ADB approves $2 mn grant to help typhoon victims in Philippines
Philippine President Rodrigo Duterte declared a state of calamity for a year in the six regions to accelerate rescue, relief and rehabilitation efforts.
February 9, 2022 -
India, ADB sign $61 million loan to improve urban services in Agartala
Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in India’s Ministry of Finance, signed for the Government of India, the agreement for Agartala City Urban Development Project while Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB.
November 15, 2021 -
India, Asian Development Bank sign $412 million loan agreement
Of the total loan amount, $300 million has been earmarked as additional financing to scale up the improvement of rural connectivity to help boost rural economy in the state of Maharashtra, according to an ADB note issued by its Senior External Relations Officer Rajesh Kumar Deol here.
September 9, 2021 -
Election Commissioner Ashok Lavasa resigns, to join Asian Development Bank as its Vice President
The 62-year-old Lavasa was appointed as the Election Commissioner in January 2018 and had yet to serve two more years to complete his tenure.
August 18, 2020 -
ADB, India sign $177 million loan to upgrade roads in Maharashtra
The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster-resilient features in road design, road maintenance planning and road safety.
May 28, 2020 -
ADB approves $1.5 billion loan to India to support its fight against COVID-19 crisis
The loan amount will focus on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
April 28, 2020 -
Asian Development Bank assures $2.2 billion COVID-19 relief package to India
About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis the UN’s labour body warned in its recent report.
April 10, 2020 -
ADB to give $200 million to companies working to combat Coronavirus
The financial support will be given to selected companies within weeks via ADB's Supply Chain Finance Program.
March 12, 2020 -
India’s growth forecast trimmed to 5.1% by ADB, cites consumption slowdown
Further, it has also cut the estimate for the next fiscal, FY 2020-21 to 6.5 per cent from 7.2 per cent.
December 11, 2019 -
ADB approves Rs 1,650 cr infra projects in Tripura
"The ADB would give 80 per cent of the amount as grant-in-aid and the Tripura Government would have to repay back only 20 per cent loan in due course of time."
June 16, 2019 -
‘A scheme to empower the poorest’
The CEO of the Ayushman Bharat Mission told Ajita Singh in an interview that it is a demand-driven and fund-driven scheme that focuses on empowering the poorest of the poor.
March 23, 2019 -
Himachal to spend Rs 480 cr for developing new tourist place
The development work will be carried out under the Asian Development Bank (ADB) Tranche-II project worth Rs 1892.04 crore.
October 30, 2018