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Asian Development Bank

Asian Development Bank

The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines.

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South Korea earmarks USD 700 million for climate and ICT projects with ADB
Business

South Korea earmarks USD 700 million for climate and ICT projects with ADB

The Asian Development Bank (ADB) and South Korea have signed a memorandum of understanding earmarking 700 million dollars in co-financing from South Korea for ADB sovereign development projects over the next three years.

Improve economic opportunities in cities to build sustainable future: ADB
Business

Improve economic opportunities in cities to build sustainable future: ADB

Improving quality of life along with social and economic opportunities in Asia's fast-growing cities are instrumental in fulfilling their potential as engines of economic prosperity and hubs for sustainability, according to a report by Asian Development Bank (ADB).

Green and social finance central to Asia Pacific's sustainable recovery
Business

Green and social finance central to Asia Pacific's sustainable recovery

Green and social finance must be nurtured to ensure that Asia and the Pacific's recovery from coronavirus disease (Covid-19) pandemic is inclusive, resilient and sustainable, according to Asian Development Outlook (ADO) 2021 by the Asian Development Bank (ADB).

ADB predicts 2pc growth rate for Pakistan this year, says vaccine rollout remains key factor
International

ADB predicts 2pc growth rate for Pakistan this year, says vaccine rollout remains key factor

Pakistan's Gross Domestic Product (GDP) would grow by two per cent during the current year subject to successful vaccine rollout and implementation of stabilisation measures, the Asian Development Bank's (ADB) has said in its latest forecast.

Developing Asia to grow 7.3 pc even as COVID-19 lingers: ADB
Business

Developing Asia to grow 7.3 pc even as COVID-19 lingers: ADB

Economic growth in developing Asia is set to rebound to 7.3 per cent this year supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).

India's growth to rebound to 11 pc in FY21, moderate to 7 pc in FY22: ADB
Business

India's growth to rebound to 11 pc in FY21, moderate to 7 pc in FY22: ADB

The Asian Development Bank (ADB) on Wednesday projected India's gross domestic product (GDP) will rebound strongly by 11 per cent in fiscal year (FY) 2021 ending on March 31, 2022 due to continued economic recovery boosted by increased public investment, vaccine rollout and a surge in domestic demand.

ADB's 2020 operations hit record high to aid COVID-19 response
Business

ADB's 2020 operations hit record high to aid COVID-19 response

The Asian Development Bank (ADB) committed a record 31.6 billion dollars in 2020 to help Asia and the Pacific swiftly tackle the coronavirus disease (COVID-19) outbreak; support a green, sustainable recovery from the pandemic; and address longer-term development challenges.

Masatsugu Asakawa to stand for re-election as ADB President
Business

Masatsugu Asakawa to stand for re-election as ADB President

Asian Development Bank (ADB) President Masatsugu Asakawa on Monday expressed his intention to stand for re-election as President for the five-year term after his current term ends on November 23.

ADB delivers strong results in responding to Covid-19
Business

ADB delivers strong results in responding to Covid-19

The Asian Development Bank (ADB) swiftly met its clients' coronavirus disease (Covid-19) pandemic response needs in 2020 while remaining aligned with long-term strategic priorities, according to its latest Development Effectiveness Review (DER).

ADB issues gender bonds in Canadian and Australian dollars
Business

ADB issues gender bonds in Canadian and Australian dollars

The Asian Development Bank (ADB) has launched back-to-back gender bonds with a CAD750 million (around USD596 million) 7-year bond in the Canadian dollar maple market and a AUD700 million (around USD542 million) 4.5-year bond in the Australian dollar kangaroo market.

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