Page-2 of Asian Development Bank (ADB)
Asian Development Outlook report- Update
On December 14, 2021, the Asian Development Bank released its Asian Development Outlook Report and reduced its growth forecasts for developing Asia for year 2021. Key Points This move came in line with the uncertainty that new Omicron coronavirus variant ..
Month: Current Affairs - December, 2021
India-ADB sign USD 300 million loan to improve healthcare access in urban areas
Indian government and Asian Development Bank (ADB) signed a loan agreement of 300 million U.S. dollars in order to improve primary health care in urban areas. Highlights This agreement was signed by Rajat Kumar Mishra, who is a senior official ..
Month: Current Affairs - November, 2021
Govt and ADB sign $61 million loan for development of Agartala
Indian government and Asian Development Bank (ADB) signed a loan agreement of $61 million in order to improve liveability, promote new developments and harness technology. Key Facts The loan agreement will help in accommodating the expanding population in Agartala city. ..
Month: Current Affairs - November, 2021
India applies for vaccine loans from ADB & AIIB
India applied for a $2 billion loan from Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to purchase about 700 million Covid-19 vaccines. Highlights India applied for the loan as it seeks to boost immunisation rate of eligible ..
Month: Current Affairs - October, 2021
FATF adds Turkey to Grey List; Pak retained
Global terror financing watchdog, Financial Action Task Force (FATF), retained Pakistan on the ‘Grey List of countries’. Key Points This time, the watchdog had added three new countries namely Turkey, Jordan & Mali, to the Grey List. As per FATF, ..
Month: Current Affairs - October, 2021
ADB cuts India’s Growth Forecast to 10%
The Asian Development Bank (ADP) has reduced its forecast for India’s GDP growth to 10 percent in 2021-22, from 11 percent it projected earlier. Key Points GDP growth was reduced as the downside risks were dominating the economic outlook. ADB ..
Month: Current Affairs - September, 2021
India-ADB deal to improve urban water supply infrastructure in Jharkhand
Government of India and Asian Development Bank (ADB) signed a $112 million loan in order to develop water supply infrastructure in the state of Jharkhand. Key facts The loan will also strengthen capacities of urban local bodies (ULBs) in order ..
Month: Current Affairs - September, 2021
India-ADB sign loan to expand Rural Connectivity in Maharashtra
Indian government and the Asian Development Bank (ADB) signed a 300-million-dollar loan on September 8, 2021 to expand rural connectivity in Maharashtra. Highlights Loan agreement was signed as additional financing in order to scale up improvement of rural connectivity. Additional ..