#adb
ADB commits $1 bn to support sustainable growth and resilience of India's cities
The Asian Development Bank approved significant funding for India's urban development initiatives. A USD 1 billion loan will support urban reforms and investments across the nation. Another USD 850 million loan will accelerate India's rooftop solar program …
India taps World Bank, ADB for $2.5 billion infrastructure spend
India and the World Bank Group announced an agreement earmarking $8 billion to $10 billion in annual financing over five years
India Taps World Bank, ADB for $2.5 Billion Infrastructure Spend
India is said to be in talks with multilateral lenders to secure about $2.5 billion in funding from existing credit lines as New Delhi tees up fresh sources of money after the Middle East conflict crimped its ability to step up spending.
ADB and Standard Chartered partner to boost supply chain finance in India
The partnership includes a GIFT City-based facility for dollar-denominated transactions and a partial guarantee mechanism for domestic rupee transactions
ADB commits over $5 billion to India in 2025 for skills, clean energy, transport and urban projects
The total commitment included $4.238 billion in sovereign lending and $1.06 billion for private sector operations
ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risks
The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shif…
India urges ADB to scale up lending, push reforms to support developing economies
India urged the Asian Development Bank to increase its lending capacity and adopt a more transformative approach to aid developing economies facing global uncertainties. The nation emphasized the need for capital expansion measures and reforms in multilateral…
ADB should step up capital expansion measures, adopt 'more transformational approach': MoS Finance
In his address at the ADB Annual Meetings, Pankaj Chaudhary also said that the multilateral funding institution should adopt a "more transformational approach" to support sustainable and resilient regional development amid the current geopolitical challenges.
ADB will help finance $70 bn worth of projects to improve electricity-sharing, internet access across Asia-Pacific by 2035
The Asian Development Bank plans to back $70 billion in energy and digital infrastructure projects across Asia-Pacific by 2035 to improve connectivity and access. Under its power grid initiative, it aims to mobilise $50 billion to link cross-border electricit…