Asian Development Bank (ADB) Current Affairs, GK & News

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 estimated to be 8.2% in April. IMF reduced the estimate to 7.4% due to vulnerability ..

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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 promoting performance-based central fiscal transfers to urban local bodies (ULBs). ADB will also provide knowledge and ..

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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 has brought. ADB now sees 2021 gross domestic product (GDP) growth of 7.0% for developing ..

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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 of the department of economic affairs and Takeo Konishi who is country director of ADB ..

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Govt and ADB sign $61 million loan for development of Agartala

Indian government and Asian Development Bank (ADB) signed a loan agreement of $61 million in order to improve liveability, promote new developments and harness technology. Key Facts The loan agreement will help in accommodating the expanding population in Agartala city. It will also build capacity of state agencies for improved service delivery. Agartala City Urban ..

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India applies for vaccine loans from ADB & AIIB

India applied for a $2 billion loan from Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to purchase about 700 million Covid-19 vaccines. Highlights India applied for the loan as it seeks to boost immunisation rate of eligible population here. This application was meant to leverage India’s membership of the multilateral financing institutions ..

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