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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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Idol makers of Nepal stare at gloomy festival season amid COVID-19 pandemic
International

Idol makers of Nepal stare at gloomy festival season amid COVID-19 pandemic

Nepal in October buzzes with the economic activities due to the festival like Durga Puja, the markets are decorated with idols, jewellery, ornaments but, 2020 has changed it entirely. COVID-19 has dampened the spirits of idol-makers in Nepal.

ADB, India sign $270 million loan to improve urban services in 64 Madhya Pradesh small cities
National

ADB, India sign $270 million loan to improve urban services in 64 Madhya Pradesh small cities

The Asian Development Bank (ADB) and the Government of India on Monday signed a $270 million loan to develop water supply and integrated stormwater and sewage management infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in the state of Madhya Pradesh.

Green finance recovery mechanisms needed to meet infrastructure gap in Southeast Asia: ADB
Business

Green finance recovery mechanisms needed to meet infrastructure gap in Southeast Asia: ADB

The Asian Development Bank (ADB) has urged policymakers in Southeast Asia to use green and innovative financing approaches to help catalyse the estimated 3.1 trillion dollar investments required for climate-adjusted infrastructure in the region by 2030.

ADB approves $270 million for Madhya Pradesh urban services improvement project
Business

ADB approves $270 million for Madhya Pradesh urban services improvement project

The Asian Development Bank (ADB) has approved a 270 million dollar (about Rs 1,988 crore) loan for the construction of water supply and integrated storm water and sewage management infrastructure in Madhya Pradesh.

ADB vows to be developing Asia's partner for recovery from Covid-19
Business

ADB vows to be developing Asia's partner for recovery from Covid-19

The Asian Development Bank (ADB) is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus disease (Covid-19) pandemic, President Masatsugu Asakawa said in an address to ADB's board of governors on Friday.

Asian finance and health ministers pledge support for universal health coverage
Business

Asian finance and health ministers pledge support for universal health coverage

More than 40 finance and health ministers and deputy ministers from across Asia and the Pacific on Thursday stressed the importance of universal health coverage (UHC) and the need for stronger collaboration to mobilise healthcare financing.

ADB forecasts Sri Lanka's growth to contract by 5.5%
International

ADB forecasts Sri Lanka's growth to contract by 5.5%

Colombo, Sep 16 The Asian Development Bank (ADB) on Wednesday forecast Sri Lanka's economic growth to contract by ...

India's GDP expected to contract 9% in FY21: ADB
Business

India's GDP expected to contract 9% in FY21: ADB

New Delhi, Sep 15 The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of ...

India's economy to shrink by 9 pc this year: ADB
Business

India's economy to shrink by 9 pc this year: ADB

India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank (ADB) said on Tuesday.

Partnerships critical to overcome COVID-19 crisis: ADB President
Business

Partnerships critical to overcome COVID-19 crisis: ADB President

The coronavirus disease (COVID-19) pandemic has reinforced the need for stronger and more strategic partnerships in Asia and the Pacific, Asian Development Bank (ADB) President Masatsugu Asakawa said at the launch of a new report released on Monday.

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