Asian Development Bank

ADB

Asian Development Bank and India sign $484 million loan to upgrade road network in Tamil Nadu

The Asian Development Bank (ADB) and the Government of India here today signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in the state of Tamil Nadu. CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu …

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ADB

Asian Development Bank and India sign $2.5 million agreement

The Asian Development Bank and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state. The signatories to …

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ADB

Asian Development Bank launches tax hub to enhance international tax cooperation

The Asian Development Bank has launched a hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing and strengthen coordination on tax policy and administration among ADB members and development partners. The Asia Pacific tax hub will maximize regional and international resources to strengthen domestic resource mobilisation and international …

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ADB

Asian Development Bank projects India’s GDP to rebound to 11 percent in FY 21

Asian Development Bank projected India’s Gross Domestic Product (GDP) to rebound strongly by 11 percent in fiscal year 2021 ending on 31st March, 2022 due to continued economic recovery boosted by increased public investment, vaccine rollout and a surge in public demand.  In its latest flagship economic publication, Asian Development Outlook (ADO) 2021, Asian Development …

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Asian Development Bank and Nature Conservancy agree to joint action on nature-positive investments

The Asian development Bank and the Nature Conservancy agreed to a new partnership for action on nature positive investments, environmental sustainability and action on climate change throughout Asia and the Pacific.The partnership will focus on biodiversity and ecosystem protection and restoration, nature based solutions and sustainable infrastructure, coastal resilience, finance for ocean, freshwater and biodiversity, …

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Asian Development Bank

Asian Development Bank and India sign 50 million dollar loan to boost West Bengal’s digital platforms for public finance reforms

The Asian Development Bank (ADB) and the Government of India signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings, promote informed decision making, and improve service delivery in the state of West Bengal.The loan is proposed to be supplemented by a $350,000 technical assistance …

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