The Asian Development Bank (ADB) has provided a grant of more than $1.8 million to support an urban renewal project in Vangvieng, a tourism town in Laos' Vientiane province, aiming to develop the city as a green and clean visitor destination.
The Asian Development Bank (ADB) forecast a 7 per cent increase in India's gross domestic product (GDP) for the financial year 2024 and 7.2 per cent for FY 2025.
The Asian Development Bank (ADB), citing robust expansion in the industrial sector and strong demand in construction led by housing, kept India’s gross domestic product (GDP) growth projection for FY25 unchanged at 7 per cent.
In a significant development, the Asian Development Bank (ADB) on Wednesday sanctioned a $200 million loan to the Government of India to improve the quality
According to a release, trade and industry contributed 14.1 per cent to Nepal's gross domestic product (GDP) in the financial year 2022.
Finance Minister Nirmala Sitharaman will lead the Indian delegation to attend the 56th annual general meeting (AGM) of the Board of Governors of Asian Development Bank (ADB) in South Korea's Incheon from May 2 to May 5.
The crisis-hit economy contracted by 7.8 per cent in 2022 and is forecast to contract by 3 per cent in 2023 as it continues to grapple with the challenges.
There is a combination of issues that many countries in developing Asia are facing but we do see the Chinese government responding quite strongly to some of these headwinds through a combination of fiscal and monetary policy measures," said Safdar Parvez, advisor at the East Asia Department of the ADB, during a virtual media briefing.
Last week, the ADB revised down its growth forecast from 5.2 percent to 4.3 percent for 2022 and 5.3 percent to 4.9 percent for 2023 for developing economies in the Asia-Pacific region.
The Asian Development Bank (ADB) has announced it plans to provide at least USD 14 billion over 2022-2025 as support to ease a "worsening food crisis" in Asia and the Pacific.
