Asian Development Bank

Japan, China may discuss AIIB during finance talks June 6

Japanese and Chinese finance officials will hold talks on June 6 in Beijing to discuss ways to promote cooperation between the two countries and may exchange views on the China-led Asian Infrastructure Investment Bank (AIIB), Japanese officials said.

May 21, 2015, 09:43 AM IST

ADB to finance $6 billion in Pakistan infrastructure projects

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan`s dilapidated power network and other key infrastructure, Islamabad said.

May 12, 2015, 19:33 PM IST

FM Jaitley to leave for Azerbaijan on Sunday to attend ADB meet

The four-day 48th annual meeting of the ADB began on Saturday.

May 02, 2015, 17:09 PM IST

ADB says will maintain standards when cooperating with AIIB

The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars.

May 02, 2015, 16:04 PM IST

China-led AIIB will be lean, clean and green: Official

The bank has seen more than 40 prospective founding members by Saturday, with Spain, South Korea and Austria as the most recent prospective founding members.

Apr 12, 2015, 10:56 AM IST

ADB to give $300 million loan to India

The Asian Development Bank (ADB) will extend a loan of USD 300 million to India for improving road connectivity and increasing the domestic and regional trade along the North Bengal-North Eastern Region (NER).

Mar 26, 2015, 20:05 PM IST

Switzerland, Luxembourg plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China`s finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

Mar 21, 2015, 11:44 AM IST

Global push aims to change China''s mind on bank rules: US official

The United States has joined forces with Japan and the European Union to pressure China on new bank cybersecurity rules that have upset foreign companies, a senior U.S. official said on Wednesday.

Mar 19, 2015, 09:12 AM IST

Beijing "would welcome" US joining China-led bank: Report

Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.

Mar 19, 2015, 09:09 AM IST

US urges allies to think twice before joining China-led bank

The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.

Mar 18, 2015, 09:25 AM IST

ADB says committed to supporting smart cities in India

Manila-based Asian Development Bank (ADB) today said it is committed to supporting India's ambitious plan to build 100 smart cities in the country.

Feb 05, 2015, 22:17 PM IST

ADB approves $350 million for upgradation of roads in MP

Asian Development Bank (ADB) will provide USD 350 million loan assistance for upgradation of district roads in Madhya Pradesh.

Nov 19, 2014, 16:13 PM IST

Firm set up to lay TAPI gas pipeline

ADB is the transaction advisor for the TAPI gas pipeline project.

Nov 13, 2014, 20:04 PM IST

India, 20 others set up Asian Infrastructure Investment Bank

The MoU specifies that the authorised capital of AIIB is USD 100 billion and the initial subscribed capital is expected to be around USD 50 billion.

Oct 24, 2014, 10:39 AM IST

ADB grants Sri Lanka $800 million loan to upgrade rural roads

It will also provide training and support to help national, provincial, and local agencies manage the road network more effectively.

Sep 27, 2014, 13:26 PM IST

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%

Revising India's GDP upwards by 0.3 percent to 6.3 percent in 2015, Asian Development Bank (ADB) has said the economy shows a new promise of turnaround after the election brought a stable government in May.

Sep 25, 2014, 15:22 PM IST

ADB trims Southeast Asia 2014 growth forecast to 4.6%

The Asian Development Bank (ADB) has trimmed its growth forecast for Southeast Asia this year, citing factors such as political turmoil in Thailand earlier in the year and weaker commodity export prices in Indonesia.

Sep 25, 2014, 08:32 AM IST

Modi election points to India economy `turnaround`: ADB

India`s economy shows promise of a "turnaround" following Narendra Modi`s election while Asian markets will likely ride out the effects of further stimulus tapering by the United States, the Asian Development Bank said Thursday.

Sep 25, 2014, 08:16 AM IST

India has potential to become knowledge based economy: ADB

India has the potential to become a leading knowledge based economy with its youth population and growing information technology though it should overcome some barriers in this regard, Manila based funding agency Asian Development Bank (ADB) said in a report released on Friday.

Sep 12, 2014, 14:38 PM IST

Asian Development Bank to provide up to $9 bn loan to India

Committing to support infrastructure development in India, Asian Development Bank on Wednesday said it will provide up to 7-9 billion loan to the country over the next three years.

Aug 27, 2014, 20:27 PM IST