Page-4 of 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 Annual outlook. The outlook says that ADB has provided a financial support ..
Tags: annual outlook • Asian Development Bank (ADB) • Asian Development Outlook • China • GDP Growth Rate
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 ..
Tags: ADB • Asian Development Bank • Asian Development Bank (ADB) • China • COVID-19
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 HighlightsThe IMF has agreed to support SDR allocation of 650 million USD. This is the largest in the history of ..
Tags: African Development Bank • Asian Development Bank (ADB) • IMF • International Monetary Fund (IMF) • Special drawing rights
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 ProjectThe project will upgrade 590 km of state highways in the CKIC influence areas.The Climate Change adaptation measures are to be incorporated ..
Tags: Act East Policy • Asian Development Bank (ADB) • Chennai-Kanyakumari Industrial Corridor • CKIC • East Coast Corridor
Month: Current Affairs - April, 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).HighlightsWith the NDB’s investment of $100 million, the NIIF FoF has now secured $800 million in commitments.NDB has joined the Asian Infrastructure Investment ..
Tags: Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • National Investment and Infrastructure Fund (NIIF) • New Development Bank • NIIF Fund of Funds
Month: Current Affairs - February, 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 is to contract by 9.6% in 2020-21. The Indian economy is to recover 5.4 ..
Tags: Asian Development Bank (ADB) • CMIE • Economic growth • Economic Recession • Fitch Ratings
