Page 8 - Asian Development Bank

Govts should mobilise more domestic resources via tax reforms: Albert Park

In an Q&A, ADB Chief Economist Albert Park tells that countries in region may not be able to carry on with large expenditures and social transfers meant for pandemic, given rising debt burden

Sri Lanka PM appointed as finance minister, to lead debt talks with IMF

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

ADB considering loan to Maldives bank to help nation's MSMEs: Ashok Lavasa

'What the ADB is trying to do is to incorporate elements of sustainability in tourism infrastructure,' he said

Sri Lanka says India, World Bank consider $2 billion bridge finance

The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation

Urbanisation and development

The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation

Pinbox gets seed capital from ADB Ventures to expand micro pension coverage

Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement

Lanka oppn threatens no-confidence motion, industry warns of 'precipice'

President Gotabaya Rajapaksa is running his administration with only a handful of ministers after his entire cabinet resigned this week

Asian Development Bank retains India's GDP forecast for FY23 at 7.5%

The higher capital spending is likely to improve the efficiency of India's logistics infrastructure, among others, crowd-in private investment, generate jobs in construction, and sustain growth

India's economy to grow by 7.5% in FY23; to pick-up to 8% in FY24: ADB

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022

Sri Lanka in talks with China for $2.5 bn credit support: Chinese official

Chinese ambassador to Sri Lanka Qi Zhenhong told reporters the two sides were also discussing a separate loan of up to $1 billion which the Sri Lankan government had requested

Coronavirus pandemic erased over 9 mn jobs in Southeast Asia, says ADB

This pushed 4.7 million people to extreme poverty last year, measured as living on less that $1.90 a day, the ADB said in a report

Trade integration deepens in Asia-Pacific region amid pandemic: ADB

Trade among economies in the Asia-Pacific rose to the highest level in three decades, bolstering the region's economic resilience amid the Covid-19 pandemic.

Asian Development Bank lends record $ 4.6-bn loans to India in 2021

The Asian Development Bank (ADB) on Sunday said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response

Several electricity projects in Afghanistan halted due to funds suspension

Several electricity supply projects to Afghanistan have been halted since the past four months due to the suspension of funds from the Asian Development Bank

ADB to provide $350 million loan to improve urban services in India

The Asian Development Bank will provide $350 million loan to improve access to urban services in India by accelerating policy actions and reforms to enhance service delivery

Govt inks 2 loan agreements of Rs 2,074 cr with Asian Development Bank

The loan agreements are for an affordable housing project in Tamil Nadu and a water sanitation programme in Uttarakhand

ADB, GoI sign $300-mn loan to improve primary healthcare in urban areas

This will benefit over 256 mn urban dwellers, including 51 mn from slum areas

Asian Development Bank gets $665 million for climate projects

ASEAN countries have a unique opportunity to build a green and inclusive future after the COVID-19 pandemic, ADB President Masatsugu Asakawa said

ADB to provide $100 mn loan for agribusiness development in Maharashtra

The Asian Development Bank will provide a $100 million (around Rs 749 crore) loan to promote agribusiness network to boost farm incomes and reduce food losses in Maharashtra

Asian Development Bank boosts 2019-2030 climate financing goal to $100 bn

The bank also plans to boost its private sector operations to attract more private sector capital to finance new climate technologies and innovations, using $12 billion from its balance sheet