The Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5% for the current financial year due to lower-than-expected growth in private investment and housing demand. Earlier it estimated the growth of 7%.
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a statement from the government's information department on Tuesday.
In a bid to help India strengthen and modernise its logistics sector, the Asian Development Bank (ADB) has approved a $350 million policy-based loan to support wide-ranging reforms in the sector.
The Indian government and the Asian Development Bank (ADB) on Thursday signed a $50 million loan to build a climate-adaptive water harvesting project in Meghalaya.
The Centre and the Asian Development Bank (ADB) on Thursday signed a USD 50 million loan aimed at enhancing water security in Meghalaya.
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.
