Asian Development Bank

Maharashtra Gets $200 Million Loan From Asian Development Bank For Roads

India News | Indo-Asian News Service | Monday September 9, 2019

The Asian Development Bank (ADB) and the government here on Monday signed a $200 million loan pact for upgrade of rural thoroughfares to all-weather roads in 34 districts of Maharashtra, improve road safety and better connectivity with markets and services.

Talks On $3.4 Billion Loan To Pak Not Finished: Asian Development Bank

World News | Press Trust of India | Monday June 17, 2019

In a huge embarrassment for the Pakistan government, the Asian Development Bank or ADB has distanced itself from the "premature announcement" of Prime Minister Imran Khan's adviser that the global lender would provide a loan of USD 3.4 billion to the cash-strapped nation, saying "discussions are ongoing".

Pakistan To Get $3.4 Billion In Budgetary Aid From Asian Development Bank

World News | Reuters | Saturday June 15, 2019

Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD), the de facto finance minister said on Saturday, as the government seeks help to overcome a ballooning balance of payments crisis.

India Set To Grow At 7.2% This Fiscal On Rising Consumption: ADB

Business | Press Trust of India | Wednesday April 3, 2019

GDP is expected to rebound to 7.2 per cent in 2019 and 7.3 per cent in 2020 as policy rates are cut and farmers receive income support.

Asian Development Bank To Lend $926 Million For Mumbai Metro Rail Project

Mumbai News | Indo-Asian News Service | Saturday March 2, 2019

Marking its single largest infrastructure loan ever, the Asian Development Bank (ADB) on Friday signed a $926 million loan agreement with India to operationalise two lines for the Mumbai metro rail system.

Assam Gets $60 Million Loan To Reduce Floods

India News | Indo-Asian News Service | Friday December 14, 2018

India and Asian Development Bank (ADB) on Thursday signed a $60 million loan agreement to reduce floods and the riverbank erosion in Assam, the Finance Ministry said.

Odisha, ADB Sign Agreement For Skill Development

Jobs | Indo-Asian News Service | Monday December 3, 2018

The total cost of the project is $193 million with the Odisha government contributing $108 million.

Asian Development Bank To Provide $75 Million For Karnataka Water Project

Karnataka News | Press Trust of India | Tuesday November 27, 2018

The Asian Development Bank (ADB) will provide a USD 75 million (around Rs 532 crore) loan for a water supply project in four coastal towns of Karnataka.

Asian Development Bank To Lend $110 Million For Roads In Madhya Pradesh

India News | Indo-Asian News Service | Saturday October 6, 2018

India and the Asian Development Bank (ADB) on Friday signed a $110 million loan agreement to upgrade all-weather rural roads in Madhya Pradesh under the Prime Minister's Rural Roads Programme.

Kolkata Gets $100 Million Asian Development Bank Loan For Drainage

Kolkata News | Indo-Asian News Service | Thursday October 4, 2018

India and Asian Development Bank (ADB) on Wednesday signed $100 million loan agreement to strengthen capacity of Kolkata Municipal Corporation (KMC) for resilient urban services, an official statement said.

India Gets $150 Million Loan For First Skill Park In Madhya Pradesh

India News | Indo-Asian News Service | Thursday October 4, 2018

India and Asian Development Bank (ADB) on Wednesday signed a $150 million loan agreement to establish the country's first multi-skills park in Madhya Pradesh to create a more skilled workforce, an official statement said.

Kerala To Raise Rs 15,900 Crore From Foreign Banks For Rebuilding

Kerala News | Press Trust of India | Thursday September 27, 2018

The Kerala government on Thursday decided to raise Rs 15,900 crore as loan from the World Bank, Asian Development Bank, and other funding agencies to rebuild the prime sectors of the state devastated by the recent deluge.

India To Remain Fastest Growing Major Economy Till 2019-20: Asian Development Bank

Business | Press Trust of India | Thursday July 19, 2018

The growth in India will be driven by increased public spending, higher capacity utilisation rate and uptick in private investment, according to Asian Development Bank.

India Fastest Growing Economy, Set To Meet 2018 Growth Target: Asian Bank

India News | Press Trust of India | Thursday July 19, 2018

Led by India, South Asia will continue to be the fastest growing economic area despite new trade tensions in Asia and Pacific region, Asian Development Bank (ADB) said in a new report today.

India's 7 Per cent Projected Growth Rate "Amazingly Fast": Asian Development Bank

India News | Press Trust of India | Sunday May 6, 2018

India's projected GDP growth of over 7 per cent for the current fiscal is "amazingly fast" and if this momentum is maintained the size of the economy can double within a decade, ADB Chief Economist Yasuyuki Sawada has said.