Asian Development Bank (ADB)
Rajasthan Secondary Towns Development Sector Project
In a significant development, the central government and the Asian Development Bank (ADB) recently signed a loan agreement amounting to USD 200 million as additional financing for the ongoing Rajasthan Secondary Towns Development Sector Project. This financial boost aims to ..
Month: Current Affairs - July, 2023
Category: India Nation & States Current Affairs
Enhancing Connectivity and Sustainability in Bihar Roads Project
Infrastructure development plays a crucial role in fostering economic growth and improving the overall well-being of communities. In this endeavor, the Indian government, in partnership with the Asian Development Bank (ADB), has embarked on a transformative project in Bihar. The ..
Month: Current Affairs - July, 2023
ADB’s Country Partnership Strategy for India
The Asian Development Bank (ADB) recently rolled out its 2023-27 country partnership strategy for India. This new strategy focuses on key areas to accelerate the country’s development and promote inclusive growth. Key Focus Areas ADB’s country partnership strategy for India ..
Month: Current Affairs - May, 2023
Category: India Nation & States Current Affairs • International / World Current Affairs
ADB to provide 14 billion USD aid for food security in Asia Pacific
The Asian Development Bank announced a $14 billion assistance to fight food insecurity in Asia Pacific. Key facts The funding to address food insecurity in Asia Pacific was announced as part of the 55th ADB annual meeting. It will be ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
ADB releases updated Asian Development Outlook
The updated Asian Development Outlook predicts that developing economies will faster than China. Key findings For the first time in 30 years, rest of developing Asia will grow at faster pace than China. Previously, when China’s growth fell to 3.9 ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
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 ..
Month: Current affairs - September, 2022
Category: Environment Current Affairs • Reports & Indexes Current Affairs
IMF World Economic Outlook- Update
India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
ADB to provide USD 350 million to improve access to urban services in India
The Asian Development Bank (ADB) is set to provide USD 350 million loan for improving access to urban services across India. Key Points Access to urban services will be improved: By accelerating policy actions and reforms of enhancing service delivery and By ..
Month: Current Affairs - December, 2021
Asian Development Outlook report- Update
On December 14, 2021, the Asian Development Bank released its Asian Development Outlook Report and reduced its growth forecasts for developing Asia for year 2021. Key Points This move came in line with the uncertainty that new Omicron coronavirus variant ..
Month: Current Affairs - December, 2021
India-ADB sign USD 300 million loan to improve healthcare access in urban areas
Indian government and Asian Development Bank (ADB) signed a loan agreement of 300 million U.S. dollars in order to improve primary health care in urban areas. Highlights This agreement was signed by Rajat Kumar Mishra, who is a senior official ..