ADB cuts India's growth forecast to 7.4% for 2016-17
The Asian Development Bank's (ADB) growth forecast of 7.4 percent for 2016-17 is substantially lower than its earlier projection of 7.8 percent.
Mar 30, 2016, 12:22 PM IST
ADB, USAID to assist India in developing clean energy projects
Asian Development Bank and the US Agency for International Development will assist India in developing the clean energy infrastructure by collaborating on design and development of PPP investment models for solar parks.
Mar 28, 2016, 16:32 PM IST
Fiji eyes more cyclone aid as toll hits 44
Cyclone-devastated Fiji said it was likely to need more foreign aid on Thursday as the body count from the most powerful storm in its history climbed to 44.
Feb 25, 2016, 10:13 AM IST
ADB to fund $1.5 billion for Bangladesh-Myanmar railways
Bangladeshi Prime Minister Sheikh Hasina in 2011 opened construction work on the rail line but it has been on hold due to lack of funds, Xinhua reported.
Feb 20, 2016, 17:13 PM IST
ADB urges Bangladesh to develop capital market to spur economy
The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided in loans to develop a capital market and attract private investors.
Dec 13, 2015, 01:04 AM IST
ADB to lend $1 bn to Power Grid Corp
Multilateral lending agency Asian Development Bank will provide $1 billion loan to central transmission utility Power Grid Corp for renewable energy transmission and grid expansion in India.
Dec 10, 2015, 15:01 PM IST
China's economy to grow slightly faster than expected: ADB
China's economy will grow slightly faster than expected this year at 6.9 percent and its shift to fostering services and private consumption is helping to support regional growth, the Asian Development Bank said Thursday.
Dec 03, 2015, 22:33 PM IST
ADB keeps India's growth forecast unchanged at 7.4% this year
The Asian Development Bank (ADB) on Thursday kept its economic growth forecast for India unchanged at 7.4 percent for the current financial year and 7.8 percent for the next fiscal.
Dec 03, 2015, 14:05 PM IST
Indian-American Swati Dandekar nominated Asian Development Bank's Executive Director by Barack Obama
Indian-American politician from Iowa Swati Dandekar has been nominated as Executive Director to Asian Development Bank with ambassadorial rank by US president Barack Obama.
Nov 20, 2015, 06:13 AM IST
ADB to double annual climate financing to $6 billion
The Asian Development Bank is to double its annual lending for climate change adaptation to USD 6 billion by 2020, the Philippines-based lender said.
Sep 26, 2015, 18:33 PM IST
ADB revises down regional growth as China and India slow
Weaker growth in China this year is expected to cause a slowdown in the rest of Asia, the Asian Development Bank said Tuesday as it became the latest major body to revise down its forecasts for the
Sep 22, 2015, 09:32 AM IST
Over 20 countries on 'waiting list' to join AIIB: China
More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.
Sep 19, 2015, 18:09 PM IST
ADB pegs India's GDP at 7.8%, sees reforms delay as risks
Indian economy grew 7.3 percent in 2014-15.
Jul 16, 2015, 14:46 PM IST
Asian Development Bank cuts Asia, China growth forecasts
Developing Asia is now expected to grow 6.1 percent and 6.2 percent this year and in 2016 against the ADB`s March forecast of 6.3 percent for both years.
Jul 16, 2015, 09:45 AM IST
50 nations, including India, sign agreement on China-led AIIB
The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia.
Jun 29, 2015, 12:29 PM IST
57 countries hold signing ceremony to set up China-led bank: AFP
The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday.
Jun 29, 2015, 07:46 AM IST
ADB to increase India lending to $12 bn by 2018
Asian Development Bank president Takehiko Nakao on Tuesday said the bank is looking to increase exposure in India, especially in infrastructure, skill development and urban services, and proposes to increase lending to the country by almost half to $12 billion by 2018.
Jun 16, 2015, 22:54 PM IST
ADB to increase India lending by 50% to $12 bn by 2018
Answering question on India's growth prospects, Nakao said the country's growth rate is expected to exceed that of China in this year.
Jun 16, 2015, 18:18 PM IST
ADB appoints two vice-presidents in different roles
Philippines-based Asian Development Bank (ADB) has appointed Diwakar Gupta and Bambang Susantono as vice-president in two different roles.
Jun 08, 2015, 14:10 PM IST
Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB
Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.
May 21, 2015, 17:08 PM IST
