In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to decline, approaching pre-pandemic levels as fuel and food prices decline.
India's coronavirus-battered economy will shrink by 9 per cent this fiscal, the Asian Development Bank (ADB) predicted on Tuesday saying growth outlook remains highly vulnerable to either a prolonged outbreak of the pandemic or a resurgence of cases. This will be the first time in four decades that the Indian economic growth will contract.
Asian countries should focus more on public private partnerships (PPPs), as it will help attracting private capital and technical expertise in infrastructure sector - hit hard by the pandemic, Asian Development Bank said in a blog.
In times of crisis when the nation is fighting against coronavirus, the Asian Development Bank (ADB) President Masatsugu Asakawa has assured USD 2.2 billion (about Rs 16,500 crore) support to India in its fight against the COVID-19 pandemic.
Coronavirus: The Asian Development Bank (ADB) on Wednesday announced a USD 6.5 billion package for its developing member countries to fight the coronavirus pandemic. The initial package has been announced to address the immediate needs of developing member countries (DMCs) as they respond to the Covid-19 pandemic,
Asian Development Bank (ADB) on Thursday said it has asked employees at its Manila headquarter to work from home after a visitor to the bank tested positive for COVID-19.
The global losses due to the deadly coronavirus outbreak could be about USD 156 billion, of which China may account for USD 103 billion, the ADB said on Friday in its assessment report on the impact of the novel COVID-19 outbreak on the global economy.
Pakistan on Monday signed an agreement with the Asian Development Bank for a loan worth USD 1.3 billion to support the cash-strapped country's public finances and shore up its slowing economy.
Cash-strapped Pakistan received a USD 1.3-billion loan from the Asian Development Bank (ADB) on Friday to support the country's public finances and shore up the slowing economy.
"ADB is committed to providing wide-ranging support to strengthen Pakistan's economy and reduce the risk of external economic shocks," said ADB Director General for Central and West Asia Werner Liepach. While USD 1 billion has been extended to Pakistan to improve its current account deficit, strengthen its revenue base, USD 300 million has been extended for the energy program, another ADB press release said.
"India is expected to grow by 7 per cent in 2019 (FY20) and 7.2 per cent in 2020 (FY21), slightly slower than projected in April because the fiscal 2018 outturn fell short," ADB said in its supplement to the Asian Development Outlook 2019.
The release said that the Urban Development Department of Tripura government had submitted the projects' details to the ADB through the Central government on which the ADB gave its nod on Sunday.
Export demand, on the other hand, is likely to soften in 2019 in line with the weaker global environment and a muted forecast for semiconductor exports, before picking up slightly in 2020.
Prudent macroeconomic and fiscal policy-making will help economies across the region prepare to respond to external shocks, ensuring that growth in the region remains robust.
New Delhi: Manila-based Asian Development Bank (ADB) today said it is committed to supporting India's ambitious plan to build 100 smart cities in the country.ADB President Takehiko Nakao said the agency will continue to play
Manila: Reforms brought by Prime Minister Narendra Modi will help India grow 5.5 per cent this fiscal and, if extended, should lift growth to 6.3 percent next year, a top official in the Asian Development
Singapore: India is ranked 14th out of 24 countries in the Creative Productivity Index (CPI), reflecting the need for further investments in physical infrastructure and human capital, says a joint report by the Asian Development
New Delhi: India has decided to be a contributor to the Asian Development Fund and will contribute $30 million in installments beginning October, Finance Minister P. Chidambaram said Sunday.“India has decided to become a contributor
Bhubaneswar: In an effort to put in place a long term arrangement to face natural calamities like cyclone and tidal surge, Odisha government today decided to seek funding from the World Bank and Asian Development
New Delhi: Multilateral agency Asian Development Bank (ADB) today said India will have to resolve complex policy and regulatory issues like land acquisition and environmental clearances in order to return to higher growth trajectory.“Return to
Top News
Latest News
