Current Affairs

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Page-3 of Topic: Asian Development Bank (ADB)

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...

April 28, 2021

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...

April 27, 2021

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...

April 15, 2021

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...

April 9, 2021

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...

February 11, 2021

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...

January 6, 2021

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...

January 5, 2021

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...

December 11, 2020

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...

December 11, 2020

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...

December 3, 2020

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