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Searched Tag: asian development bank adb
Sitharaman heads to Milan for 58th ADB annual meet

Sitharaman heads to Milan for 58th ADB annual meet

May 4, 2025, 08:19 PM - 2 min read

Finance Minister Nirmala Sitharaman will lead the Indian delegation of officials from the Department of Economic Affairs to attend the 58th Annual Meeting of the Board of Governors of Asian Development Bank (ADB), scheduled to take place in Milan, Italy, from May 4 to 7.

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ADB approves $350M loan to boost India's logistics, exports

ADB approves $350M loan to boost India's logistics, exports

December 7, 2024, 05:16 PM - 2 min read

The Asian Development Bank has approved a $350 million loan to enhance India's logistics sector, supporting initiatives like PM Gati Shakti and the National Logistics Policy to modernise infrastructure, streamline processes, and integrate digital technologies.

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India signs $98 mn loan with ADB to boost horticulture

India signs $98 mn loan with ADB to boost horticulture

November 30, 2024, 04:45 PM - 2 min read

"The Government of India and the Asian Development Bank (ADB) today signed a $98 million loan to improve horticulture crop farmers' access to certified disease-free planting materials, which will boost their crops' yield, quality, and resilience to climate impacts," the ministry of finance said in a statement.

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India risks 24.7% GDP loss by 2070 from climate change:  ADB

India risks 24.7% GDP loss by 2070 from climate change: ADB

October 31, 2024, 04:22 PM - 5 min read

A new ADB report warns that under a high-emissions scenario, climate change could cause a 16.9% GDP loss across Asia and the Pacific by 2070, with India projected to suffer a 24.7% loss.

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ADB approves USD 434.25M loan for solar facility in Assam

ADB approves USD 434.25M loan for solar facility in Assam

October 25, 2024, 01:23 PM - 2 min read

Addressing the renewable energy capacity shortage in Assam, the Asian Development Bank (ADB) announced on Friday the approval of a $434.25 million loan to enhance renewable energy capacity and improve energy security in the state.

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ADB approves $42M loan for coastal protection in Maharashtra

ADB approves $42M loan for coastal protection in Maharashtra

October 8, 2024, 04:56 PM - 2 min read

The Asian Development Bank (ADB) has approved a USD 42 million loan for coastal and riverbank protection in Maharashtra, focusing on climate-resilient, nature-based, and hybrid engineering solutions to safeguard communities and ecosystems.

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ADB funds Rs 530 crore water project for 12 Tripura cities

ADB funds Rs 530 crore water project for 12 Tripura cities

September 20, 2024, 07:17 PM - 2 min read

The Asian Development Bank (ADB) will provide Rs 530 crore to Tripura to improve drinking water supply in 12 cities, benefiting around 400,000 people, with completion expected in three years.

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ADB approves $109.5 million funds to Kyrgyzstan

ADB approves $109.5 million funds to Kyrgyzstan

September 19, 2024, 07:26 PM - 1 min read

The Asian Development Bank has approved $109.5 million to upgrade 75.2 kilometres of the Issyk-Kul Ring Road in Kyrgyzstan, expanding it to four lanes and incorporating climate-adaptation features to enhance safety, access, and economic growth.

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ADB advises Pakistan to adopt Indian plan on education

ADB advises Pakistan to adopt Indian plan on education

September 15, 2024, 12:23 PM - 2 min read

The Asian Development Bank has recommended that Pakistan adopt India's ULLAS programme to reform its education system and improve training, following Pakistan's request for support to address widespread educational deficiencies and an impending visit by ADB President Masatsugu Asakawa.

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320 million USD ADB loan to enhance rural roads in Khyber Pakhtunkhwa, Pakistan.

ADB to support Pakistan with $320 mn for road rehab

September 14, 2024, 01:43 AM - 4 min read

The Asian Development Bank (ADB) has approved a $320 million loan to Pakistan to support the rehabilitation of roads in Khyber Pakhtunkhwa, a province facing significant infrastructure challenges. This project is aimed at improving the condition of around 900 kilometres of rural roads, which are often damaged by floods and are currently in poor shape.

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India's working age population to rise by 2040, says ADB

August 3, 2024, 05:40 PM - 2 min read

The data features that India’s share of working-age population in 2011 is 60% which is expected to rise by 65% by 2030 however will slightly decline hitherto from 65.1% to 64.9% in 2036.

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ADB open to funding space sector in India, says VP Bhargav Dasgupta

ADB open to funding space sector in India, says VP Bhargav Dasgupta

May 3, 2024, 04:46 PM - 2 min read

ADB's Vice President Bhargav Dasgupta announced the bank's readiness to fund India's space sector alongside its climate finance focus. While ADB has undertaken satellite projects in the Asia Pacific, it has yet to assist India's space sector.

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