Asian Development Bank (ADB) Current Affairs, GK & News
ADB raises India GDP forecast by 11%
The Asian Development Bank recently released its Asian Development Outlook, 2021. According to the report, India is to grow at 11%. The Asian Development Bank recently released its Annual outlook. The outlook says that ADB has provided a financial support of 1.5 billion USD to India to fight against COVID-19 Key Findings of the report ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs • Reports & Indexes Current Affairs
Topics: annual outlook • Asian Development Bank (ADB) • Asian Development Outlook • China • GDP Growth Rate • Growth rate
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 the bank has set aside for pandemic. Key Findings of the Report The Asian Development ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: ADB • Asia Pacific • Asian Development Bank • Asian Development Bank (ADB) • China • COVID-19 • India-ADB • Loans
IMF to distribute SDR to member countries by August
The International Monetary Fund recently announced that it will distribute the Special Drawing Rights to its member countries by mid-August. Key Highlights The IMF has agreed to support SDR allocation of 650 million USD. This is the largest in the history of IMF. Recently, the G20 Finance Minsters agreed to the International Monetary Fund to ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: African Development Bank • Asian Development Bank (ADB) • IMF • International Monetary Fund (IMF) • Special drawing rights
ADB approves 484 million USD for CKIC Project
The Asian Development Bank recently approved 484 million USD for CKIC (Chennai-Kanyakumari Industrial Corridor) in Tamil Nadu. About the Project The project will upgrade 590 km of state highways in the CKIC influence areas. The Climate Change adaptation measures are to be incorporated in the highway upgrades. This includes improved drainage, resizing of bridges and ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs • International Current Affairs • States Current Affairs
Topics: Act East Policy • Asian Development Bank (ADB) • Chennai-Kanyakumari Industrial Corridor • CKIC • East Coast Corridor • Industrial corridor • Make in India • National Highway • Sagarmala • Sagarmala Project
NDB to invest $100 Million into NIIF Fund of Funds
The New Development Bank (NDB) has announced to invest $100 million into the NIIF Fund of Funds (FoF). Highlights With the NDB’s investment of $100 million, the NIIF FoF has now secured $800 million in commitments. NDB has joined the Asian Infrastructure Investment Bank (AIIB), Government of India (GoI) and Asian Development Bank (ADB) as ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • National Investment and Infrastructure Fund (NIIF) • New Development Bank • NIIF Fund of Funds