Page-4 of Asian Development Bank Current Affairs, GK & News

ADB to provide $200 million to companies manufacturing and distributing medicines to tackle COVID-19

The Asian Development Bank (ADB) announced that it will provide USD 200 million to companies which manufacture and distribute medicines and other things required to combat the novel coronavirus (COVID-19). The financial assistance will be made available through ADB’s Supply Chain Finance Program and provided to selected companies. This support is to provide additional working ..

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Asian Development Bank Sanctions 4 million USD to members to contain Corona Virus

The Asian Development Bank is to provide 4 million USD to member countries in Asia and Pacific to contain COVID-19, the Corona Virus. The fund is being allocated for buying emergency supplies, assessing health systems, improve resilience and respond to animal human disease outbreaks. Highlights The main objective of fund allocation is to strengthen immediate ..

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BBIN nations deliberated on MoU to implement Motor Vehicle Agreement

On February 8, 2020, the BBIN (Bangladesh, Bhutan, India and Nepal) nations deliberated MoU (Memorandum of Understanding) to implement the Motor Vehicle Agreement to regulate personal, passenger and cargo vehicular traffic. Highlights The meeting discussed on cargo and protocols to regulate passenger and cargo services. Bhutan attended the meeting as an observatory nation. The regulation ..

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India, ADB sign $490 Mn loan for PPP to upgrade Madhya Pradesh roads

The Asian Development Bank (ADB) and Government of India has signed a $490 million loan for public-private partnership (PPP) project for upgradation of about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths, with road safety features and all-weather standards in state of Madhya Pradesh. An additional $286 million ..

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ADB issues $250 million loan to India to expand energy efficiency investments

Asian Development Bank (ADB) has signed a US $250 million loan agreement with Government of India to provide loan to public sector company Energy Efficiency Services Limited (EESL) so as to expand energy efficiency investments in India that will benefit agricultural, institutional and residential consumers. Earlier, in 2016, ADB had approved a US $200 million ..

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