Asian Development Bank

India ‘shared deep concerns’ on ADB’s $800-mn loan to Pakistan

June 05, 2025 12:23 am

ADB on Tuesday approved a $800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan.

ADB to provide Rs 1,527 crore aid for second phase of Nagpur metro

December 17, 2024 10:31 pm

Speaking on the occasion, Chief Minister Devendra Fadnavis stated that this project would further accelerate the development of Nagpur city and its surrounding areas.

The Indian economy grew 8.2 per cent in the last fiscal (2023-24). The RBI projects growth to be 7.2 per cent in the current fiscal. (File Photo)

ADB retains India's growth forecast at 7%, Govt spending, agriculture to boost economy

September 25, 2024 9:57 am

The Indian economy grew 8.2 per cent in the last fiscal (2023-24). The RBI projects growth to be 7.2 per cent in the current fiscal.

Pakistan has highest living cost in all of Asia with a 25% inflation rate: ADB

April 13, 2024 6:53 pm

The State Bank of Pakistan (SBP) and federal government had set the inflation target at 21 per cent for this fiscal year but they are going to miss it despite inflicting huge losses in the shape of a 22 per cent interest rate.

Asian Development Bank raises India's GDP growth forecast to 7% for FY25

April 11, 2024 9:30 am

The 2024-25 growth estimate is, however, lower than 7.6 per cent projected for the 2022-23 fiscal. Strong investment drove GDP growth in the 2022-23 fiscal as consumption was muted, the ADB said.

Union Finance Minister Nirmala Sitharaman with Bhargav Dasgupta, Vice President (Market Solutions) of the Asian Development Bank. (X/@FinMinIndia)

Finance Minister Sitharaman meets ADB vice president; urge ADB to become partner in development agenda

March 18, 2024 7:27 pm

ADB in September 2023, appointed Dasgupta as VP for a period of three years.

Cash-strapped Pakistan secures USD 658 ADB package

December 07, 2023 4:14 pm

The announcement by the Manila-based lending agency came as the World Bank's Debt Management and Sustainability Mission met with Finance Minister AKhtar to review the debt management of the country, reported the Express Tribune newspaper.

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November 11, 1983, Forty Years Ago: Tamils Issue

November 11, 2023 7:07 am

G Parthasarathy, Prime Minister’s special envoy, said positive ideas for a political settlement of the Tamils issue had emerged in the course of his discussions with Sri Lankan leaders.

Thailand’s Deputy Minister of Finance Krisada Chinavicharana, Bank of Thailand assistant governor Chayawadee Chai-Anant, International Monetary Fund (IMF) Managing Director Kristalina Georgieva and World Bank President Ajay Banga greet one another after taking part in a signing ceremony with Thailand to host the 2026 IMF and the World Bank annual meetings in Marrakech, Morocco, October 15, 2023.

Why reforms have been proposed for World Bank, other Multilateral Development Banks; what they say

October 20, 2023 10:06 am

MDBs include multiple developed and developing countries, which have to fulfil certain lending obligations to facilitate developmental objectives. How have they traditionally lent to countries like India and what has been recommended now?

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1,851 agriculture and rural development banks to be computerised

October 09, 2023 3:24 am

“A Central Project Monitoring Unit (PMU) will be established for this scheme, which will work towards the successful implementation of the scheme,” it said.