The Asian Development Bank (ADB) today revised its growth forecast for India from 5 per cent for the current fiscal to 6 per cent. ADB gave an upward forecast citing increase in public spending, quicker than expected return of capital inflows, stronger industrial production, and improved business confidence as the major reasons in its Asian Development Outlook 2009 Update .
The Asian Development Bank (ADB) and the Netherland Government have provided Rs. 2480 million to rehabilitate tsunami affected costal areas of the Southern Province.
Under this project 176 roads in Galle, 125 roads in Matara and 178 roads in Hanbantota districts have been completed, the Nation Building Ministry said.
The Asian Development Bank (ADB) is extending $780 million to the country through a multi-tranche financing facility for energy efficiency projects that will help cater to the country
A multilateral lender-funded project with a cost of $107.3 million has been undertaken to help improve flood management, drainage, water conservation and irrigation in the rural Bangladesh.
Around 1.7 million people are expected to directly get benefit from the project that will be implemented through 230 subprojects across the country, said an official release.
The Asian Development Bank (ADB) is extending a $55 million loan to support small scale water services in Bangladesh to help cut rural poverty, improve community involvement, and address the threat posed by severe floods and other climate change-related events.
The Asian Development Bank (ADB) is extending a $55 million loan to support small scale water services in Bangladesh to help cut rural poverty, improve community involvement, and address the threat posed by severe floods and other climate change-related events.
Chennai: Melting Himalayan glaciers and other climate change impacts pose a direct threat to the water and food security of more than 1.6 billion people in South Asia, according to preliminary findings of a new study financed by the Asian Development Bank (ADB).
The India-China dispute over Arunachal Pradesh and ADB development plan is not over yet. While the country partnership strategy for India was cleared by ADB board on June 15, after an unprecedented locking of horns between India and China, the latter has not yet given up its resolute opposition to the contentious water project in Arunachal.
