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

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

Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

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ADB signs 100 million USD loan to boost power supply in Bengaluru

The Asian Development Bank recently signed an agreement of 100 million USD modernize and upgrade the power distribution in Bengaluru city. Key Highlights The 100 million USD loan is to be used to enhance the quality and reliability of electricity supply in Bengaluru city under the Bengaluru Smart Energy Efficient Power Distribution Project. Also, the ..

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Asia-Pacific Vaccine Access Facility, APVAX

The Asian Development Bank recently launched Asia Pacific Vaccine Access Facility to provide equitable support to the developing countries as they procure and deliver vaccines. The bank has allocated 9 billion USD for the scheme. What is Asia-Pacific Vaccine Access Facility? It will support developing countries in Asia and will put in efforts to procure ..

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Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

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West Bengal Public Finance Management Investment Programme: Key Facts

The Government of India and the Asian Development Bank have recently signed an agreement under which the bank will provide 50 million USD of loan. It is a policy-based loan. The loan is to be utilised to improve financial management procedures, promote informed decision making, improve operational efficiencies that aim at achieving more fiscal savings ..

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