Asian Development Bank in line to finance expansion of Jakarta's MRT project
The Asian Development Bank (ADB) is in talks to help finance up to US$600 million for the expansion of Jakarta’s mass rapid transit (MRT) project.
Source: thestar.com.my
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Jul-Nov borrowing down $0.829bn to $4.285bn YoY
ISLAMABAD: The country borrowed $4.285 billion from multiple financing sources during the first five months...
Source: brecorder.com
climate change: Nabard and ADB jointly launch climate action initiative with tech support from Bill and Melinda Gates Foundation
Nabard and ADB team up, aided by Bill and Melinda Gates Foundation, to tackle climate challenges in India's agriculture and rural sectors. They establish a Technical Support Unit at Nabard to address climate change threats, emphasizing resilience, as 55% of Indian banking assets face climate risks. Intellecap Advisory Services will manage the unit, leveraging its experience in climate-focused programs. Nabard invites ecosystem partners to join this transformative initiative.
Source: indiatimes.com
ADB revises down FY24 GDP forecast for Bangladesh, sees inflation easing
It says inflation is expected to ease in the coming months on continued contractionary monetary policy
Source: bdnews24.com
adb: India, ADB ink pacts for $500-mln loans to bolster infra sector
The project will help the RRTS improve urban mobility, and women and the differently abled will benefit from its economic impact, Mukherjee said. Passing through the populated sections of the national capital region, the 82-km corridor is aimed at providing fast, safe, and high-capacity commuter transit services, expanding economic and job opportunities by cutting travel time from three-four hours now to about one hour, according to one of the statements.
Source: indiatimes.com