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World Bank has disbursed US$ 340 million for Amaravati Capital Phase-I, with further funding expected. The project, supported also by Asian Development Bank, aims to build infrastructure and boost jobs in Andhra Pradesh under a results-linked financing model

The Telangana government has secured Rs 4,100 crore funding from the Asian Development Bank for the Musi Rejuvenation Project and has sought an additional Rs 3,188 crore from the Ministry of Jal Shakti under the National River Conservation Plan.

The Telangana government’s plan to rejuvenate a 55-km stretch of River Musi has triggered protests from environmentalists and residents. While a consortium is preparing the DPR, critics argue that partial rejuvenation will not address pollution and flooding issues.

Tripura Power Generation Ltd signed a Rs 1,119.30 crore contract with Megha Engineering and Infrastructures Ltd to set up a 120 MW combined cycle gas turbine plant at Rokhia, Sepahijala. Funded by ADB, the eco-friendly project aims to boost power self-reliance

Pakistan has a very poor track record in implementing economic reforms that are mandatory with these aid packages from multilateral institutions.

According to the Chief Secretary, there is no shortage of funds for Amaravati, as the State has secured substantial financial backing from institutions such as the World Bank, HUDCO, and the Asian Development Bank (ADB)

The strategic investment will support Ankura's expansion plans and is aligned with its long-term vision to strengthen its market presence and enhance healthcare accessibility across India

Of the Rs 26,000 crore needed for constructing Amaravati Phase-1, the World Bank and Asian Development Bank (ADB) came forward to lend Rs 15,000 crore

Discussing the conclave theme ‘Innovations for Inclusive Growth’, Prof.(Dr.) Sarath Babu, BFSI Conclave Chair, IMT Hyderabad said that digital finance is making it easier to take credits. He highlighted the need for Inclusive Banking.

After signing the loan agreement, Mukherjee stated that the programme supports the government of India's urban sector growth strategy

ADB has played a pivotal role in supporting the development of road networks in Madhya Pradesh since 2002

Asian Development Bank serves as the primary organizer and partner for this discussion aimed at enhancing food security across Southeast Asia

ADB gave its approval for a substantial USD 500 million loan on September 22, aimed at bolstering Indonesia's development initiatives

The report also points out that while the currencies of developing economies in Asia have marginally depreciated, Pakistan's currency has seen a steep devaluation of 30%

The cash-strapped country had already secured a USD 3 billion bailout plan from the International Monetary Fund in July, and still, Pakistan is looking for a loan

The release said that the ADB-supported project will upgrade 1,800 Anganwadi centers and construct around 600 new ones in hard-to-reach areas.

In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline.

ADB on Thursday said it has approved a USD 50 million loan to the Nepal government to support the implementation of policy reforms

ADB on Monday said it has approved a $350 million special policy-based loan to provide budget support to Sri Lanka

Despite the rapid growth in digital payments over the last few years, cash remains the king in India. As a proportion of the gross domestic product (GDP), Indians still hold a relatively large share of cash, one of the highest in the world. The Currency in Circulation (CiC), as a proportion of GDP, has grown […]