Page-4 of Asian Development Bank (ADB)
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. Highlights Metro Rail Network in Bengaluru will be expanded with the construction ..
Month: Current Affairs - August, 2021
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 of April. This downgrade was done taking into account the adverse impact ..
Month: Current Affairs - July, 2021
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 ..
Month: Current Affairs - April, 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 ADB that was released recently. This is part of the fiscal support ..
Month: Current Affairs - April, 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 SDR allocation of 650 million USD. This is the largest in the ..
Month: Current Affairs - April, 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 highways in the CKIC influence areas. The Climate Change adaptation measures are ..