Page-5 of Asian Development Bank (ADB)
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 ..
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 ..
Month: Current Affairs - January, 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 is to be used to enhance the quality and reliability of electricity ..
Month: Current Affairs - January, 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 allocated 9 billion USD for the scheme. What is Asia-Pacific Vaccine Access ..
Month: Current Affairs - December, 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 the fiscal year 2020-21. Earlier it was estimated by the bank that ..
Month: Current Affairs - December, 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 policy-based loan. The loan is to be utilised to improve financial management ..