Page-2 of Topic: Asian Development Bank (ADB)
FATF adds Turkey to Grey List; Pak retained
Global terror financing watchdog, Financial Action Task Force (FATF), retained Pakistan on the ‘Grey List of countries’. Key Points This time, the watchdog had added three new countries...
ADB cuts India’s Growth Forecast to 10%
The Asian Development Bank (ADP) has reduced its forecast for India’s GDP growth to 10 percent in 2021-22, from 11 percent it projected earlier. Key Points GDP growth...
India-ADB deal to improve urban water supply infrastructure in Jharkhand
Government of India and Asian Development Bank (ADB) signed a $112 million loan in order to develop water supply infrastructure in the state of Jharkhand. Key facts The... India-ADB sign loan to expand Rural Connectivity in Maharashtra
Indian government and the Asian Development Bank (ADB) signed a 300-million-dollar loan on September 8, 2021 to expand rural connectivity in Maharashtra. Highlights Loan agreement was signed as... ADB approves $150 million loan for T.N. urban poor housing project
On September 3, 2021, Asian Development Bank (ADB) approved a $150 million loan for Tamil Nadu Urban Poor Housing Project. Key Points According to ADB, Tamil Nadu is...
ADB report: Covid-19 pushes 80 million people in Asia into Extreme Poverty
According to a new report titled “Key Indicators for Asia and the Pacific 2021” released by Asian Development Bank (ADB), COVID-19 pandemic has pushed an estimated 75 million... India-ADB: USD 500 million loan agreement signed for Bengaluru Metro
On August 19, 2021 India has signed a USD 500 million loans agreement with the Asian Development Bank (ADB) in order to expand metro rail network in Bengaluru....
India’s economic growth downgraded to 10% by ADB
The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 % from 11% that it had previously projected in the month...
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...
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...
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... 