ADB’s Recent Loans to 4 States

The Asian Development Bank (ADB) recently signed a loan agreement with the Indian government to provide $1.22 billion in funding for projects aimed at improving connectivity and infrastructure in four Indian states. The loan will cover a range of projects ..

Tags: ADB • Infrastructure Development • Loan agreements

Month: Current Affairs - January, 2023

Category: Economy & Banking Current Affairs - 2022

IDMC-ADB report: southwest monsoon lasting longer, displacing millions in South Asia

The recently released joint report of the Internal Displacement Monitoring Centre (IDMC) and the Asian Development Bank (ADB) raised concerns regarding long southwest monsoon causing large-scale displacement of masses in South Asia. Key findings The report found that southwest monsoon ..

Tags: ADB • Asian Development Bank (ADB) • Internal Displacement • Monsoon • monsoon floods

Month: Current affairs - September, 2022

Category: Environment Current Affairs • Reports & Indexes Current Affairs

Urjit Patel – New Vice President of AIIB

Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. ..

Tags: ADB • AIIB • India-ADB • India-AIIB • RBI

Month: Current Affairs - January, 2022

Category: Awards, Persons & Places in News • Persons in News

ADB provided $1.5-billion to India for Covid response

The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against COVID-19 crisis. This is according to the Annual Report, 2020 of ADB that was released recently. This is part of the fiscal support ..

Tags: ADB • Asian Development Bank (ADB) • China • COVID-19 • India-ADB

Month: Current Affairs - April, 2021

Rs 22 Crore granted by ADB to India for COVID 19

The multilateral funding agency, Asian Development Bank, has approved $3 million (About Rs 22 Cr) grant to India from its Asia-Pacific Disaster Response Fund to strengthen the emergency response of the government to combat the COVID 19 pandemic in the ..

Tags: ADB • CARES • COVID-19 • CPRO

Month: Current Affairs - July, 2020

750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. ..

Tags: ADB • AIIB • Emergency Response Plan • India China • India-ADB

Month: Current Affairs - June, 2020