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ADB to increase Annual Lending to India to $4 billion

The Asian Development Bank (ADB) has decided to increase its annual lending to India to maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle income status. The new lending programme also includes ..

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Myanmar becomes 7th member of SASEC

Myanmar became the 7th member of South Asia Sub-regional Economic Cooperation (SASEC) program of Asian Development Bank (ADB). It was officially made member at the SASEC Finance Ministers’ meeting held in New Delhi and chaired by Union Finance Minister Arun ..

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India, ADB sign $500 million loan to build longest river bridge across Ganges River

The Union Government and Asian Development Bank (ADB) have inked a $500-million loan agreement to build a 9.8 km long road bridge across the Ganga River in Bihar. It will be country’s longest river bridge and shall provide better connectivity ..

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ADB approves $631 million loan for Vizag-Chennai industrial corridor

Multilateral funding agency Asian Development Bank (ADB) has approved $631 million loan for building India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km East Coast Economic ..

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Takehiko Nakao re-elected as President of Asian Development Bank

Takehiko Nakao has been re-elected for a 2nd term as the President of the Asian Development Bank (ADB), which is beginning from November 2016. He was unanimously elected by the ADB’s Governors. He is the ninth president of ADB and ..

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ADB approves $500 million loan for bridge over Ganga River in Bihar

The Asian Development Bank (ADB) has approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar. The loan funds will be used to build 9.8 km road bridge in Bihar on the Ganga River. ..

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