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The ADB and the govt of Pakistan signed a $300m loan to finance the construction of a 300-megawatt hydropower plant in Balakot, K-P province.

ADB’s lending assistance will be further supported with knowledge work to help develop transformative projects, Says Takeo Konishi, Country Director for ADB in India

(Last Updated On: May 13, 2021) The Asian Development Bank says it will continue its economic programs in Afghanistan after US and NATO troops have withdrawn. Officials at the bank said that although the withdrawal of foreign troops from Afghanistan will create an economic vacuum, the bank is working to continue its development plans for Afghanistan. Officials added that they are continuing their projects in the sectors of electricity, transport and agriculture. “We have a large...

Sri Lankan PM elected chair of ADBs Board of Governors Xinhua | Updated: 2021-05-06 09:55 Sri Lankan Prime Minister Mahinda Rajapaksa (Front) attends the Asian Development Banks 54th annual meeting which was held virtually, in Colombo, Sri Lanka, on May 5, 2021. [Photo/Xinhua] COLOMBO - Sri Lankas Prime Minister Mahinda Rajapaksa, who also serves as minister of finance, was on Wednesday elected chair of the Asian Development Banks (ADB) Board of Governors for the year 20...

The minister said the multilateral lender should increase its general capital, which was last done in 2009, to expand its lending capacity, commensurate with the sustainable absorptive capacities of its members.

Cabinet Office The importance of development banks raising climate ambition ahead of COP26 COP26 President Alok Sharma opened the 54th Annual Asian Development Bank meeting in a session called, "Raising the Bar on Climate Ambition - Road to COP 26". The past 12 months have been one of the most challenging periods faced by humanity in modern times. And world governments have responded. They’ve collectively deployed trillions of dollars, particularly in developed nations, to support lives and l...

India will sail through the Covid storm, says Finance Minister May 05, 2021 Nirmala Sitharaman addresses the 54th annual meet of ADB India will sail through the Covid-19 storm on the back of the government’s ongoing focus on robust public health measures, timely treatment of the infected persons, sound macroeconomic management and strong macro-fundamentals, said Finance Minister Nirmala Sitharaman at the 54th annual meeting of the Asian Development Bank (ADB) on Wednesday. In her address be...

S. Korea to expand loan program for developing nations with ADB

Vietnam’s economic growth likely to expand 6.7 pct in 2021: ADB 3 views - 03/05/2021 17:15 Vietnam’s economic growth is expected to rebound to 6.7 percent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 percent in 2022, according to the Asian Development Bank (ADB). Source VNA Subscribe successfully! Thank you! Nguyen Quoc Viet Vietnam Investment Review under the Ministry of Planning and Investment Licence No. 87...

3 Min Read TOKYO (Reuters) -Finance ministers and central bank governors from ASEAN, China, Japan and South Korea on Monday vowed to strengthen regional financial cooperation while providing continued support for countries hit hard by the COVID-19 pandemic. FILE PHOTO: Commuters wearing protective face masks, amid the coronavirus disease (COVID-19) pandemic, make their way in Tokyo, Japan, April 6, 2021. REUTERS/Kim Kyung-Hoon/File Photo In a joint statement issued after a virtual meeting on th...