Page-6 of ADB
Takehiko Nakao re-elected as President of Asian Development Bank
Takehiko Nakao has been re-elected for a 2nd term as the President of the Asian Development Bank (ADB), which is beginning from November 2016. He was unanimously elected by the ADB’s Governors. He is the ninth president of ADB and ..
Month: Current Affairs - August, 2016
ADB approves $500 million loan for bridge over Ganga River in Bihar
The Asian Development Bank (ADB) has approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar. The loan funds will be used to build 9.8 km road bridge in Bihar on the Ganga River. ..
Month: Current Affairs - June, 2016
ADB, India ink pact to upgrade 176 km roads in Jharkhand
Multilateral lending agency Asian Development Bank (ADB) has signed a loan agreement with India for providing new loan of 200 million dollars to upgrade 176 km of roads in Jharkhand. The loan funds will be used to upgrade existing sections ..
Month: Current Affairs - June, 2016
ADB and USAID ink MoU to develop solar parks in India
The Asian Development Bank (ADB) and the Unites States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) for development of solar parks in India. The MoU will facilitate 848 million US dollars in funding to develop ..
Month: Current Affairs - March, 2016
India, ADB ink $80 Million Loan Agreement to Improve Urban Services in Agartala and Aizwal
Union Government and Asian Development Bank (ADB) have signed $80million loan agreement to improve urban services in two North Eastern cities Agartala and Aizwal. This loan agreement is the third tranche of a $200 million financing facility of ADB under ..
Month: Current Affairs - January, 2016
Indian-American Swati Dandenkar appointed as US Director of ADB
India-born Swati Dandekar has been appointed as the United States director of the Asian Development Bank (ADB). She was nominated to this position by US President Barack Obama and was designated with rank of an ambassador. She would replace Robert ..
Month: Current Affairs - November, 2015
ADB pledges $120 million loan to finance India, Bangladesh electricity link under SASEC Programme
The Asian Development Bank (ADB) has pledged to provide 120 million dollar loan in order to finance cross-border electricity link between Bangladesh and India under SASEC Programme. In this regard, loan agreement was signed by ADB Country Director Kazuhiko Higuchi ..
Month: Current Affairs - November, 2015
India signs Loan Agreement with ADB for upgrading Tourism Infrastructure and Services
Union Government has inked a loan agreement with Asian Development Bank (ADB) for US 123.51 million dollars for Infrastructure Development Investment Program. The 3 tranche loan will be used for upgrading tourism infrastructure and services in three states Punjab, Uttarakhand ..