Page-3 of Asian Development Bank Current Affairs, GK & News

ADB slashes Developing Asia growth estimates for 2020

According to the updated Asian Development Outlook report published by Asian Development Bank (ADB), developing Asia, a group of 45 countries in Asia-Pacific region, is expected to post growth of just 0.1% in 2020. This updated forecast shows higher damage to economies in developing Asia than estimates it released in April, which was predicted to ..

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India gets Approval for 346 Million USD Loan from ADB under RBL Modality

The Asian Development Bank approved a 346 million USD loan under the RBL modality to help ensure power connection in rural Maharashtra. About the Loan Maharashtra has half its population engaged in agriculture but has issues like inefficient use of electricity and water- leading to inefficient irrigation. The 346 billion USD loan from ADB is ..

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ADB approves 1.5 Billion USD for India under CARE Program

The Asian Development Bank has approved a 1.5 billion USD package for India under its CARE program to help fight COVID-19. CARE Program CARE or COVID-19 Active Response and Expenditure Support Program is an assistance program launched by ADB to provide for the immediate requirements of the government in times of the COVID-19 pandemic and ..

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India seeks 6 billion USD loans from ADB, AIIB

The World Bank has funded 1 billion USD to India to fight against COVID-19. With the COVID-19 cases increasing further, India seeks 6 billion USD from ADB and AIIB Highlights The Indian Economy is to take a major hit with the 21-day lock down. The Asian Development Bank has predicted that India’s growth rate is ..

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ADB announces $6.5 billion package for member countries to tackle COVID-19

Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting the Covid-19 pandemic. As per the announcement of the Development bank, out of the total package, $3.6 billion will be made available to governments for addressing health ..

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