ADB

ADB’s Recent Loans to 4 States

January 4, 2023

The Asian Development Bank (ADB) recently signed a loan agreement with the Indian government to provide $1.22 billion in funding for projects aimed at improving connectivity and infrastructure in four Indian states. The loan will cover a range of projects ..

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IDMC-ADB report: southwest monsoon lasting longer, displacing millions in South Asia

September 20, 2022

The recently released joint report of the Internal Displacement Monitoring Centre (IDMC) and the Asian Development Bank (ADB) raised concerns regarding long southwest monsoon causing large-scale displacement of masses in South Asia. Key findings The report found that southwest monsoon ..

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Urjit Patel – New Vice President of AIIB

January 10, 2022

Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. ..

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ADB provided $1.5-billion to India for Covid response

April 27, 2021

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 ..

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Rs 22 Crore granted by ADB to India for COVID 19

July 30, 2020

The multilateral funding agency, Asian Development Bank, has approved $3 million (About Rs 22 Cr) grant to India from its Asia-Pacific Disaster Response Fund to strengthen the emergency response of the government to combat the COVID 19 pandemic in the ..

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750 million USD loan approved by AIIB to India

June 17, 2020

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. ..

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India and ADB sign 177 million USD to upgrade Maharashtra State Highways

May 28, 2020

On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to ..

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World Bank approves 1 billion USD to India

May 16, 2020

On May 15, 2020, the World Bank approved 1 billion USD aid to India to accelerate “India’s COVID-19 Special Protection Response Programme”. The fund will be used to provide social assistance to poor, severely impacted and vulnerable households. Highlights Of ..

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