ADB yet to notify Asia Energy Staff Correspondent Global Coal Management, owning company of Asia Energy, has yet to be notified of any decision by Asian Development Bank which was undertaking due diligence for possible investment in the project, said a press release on Tuesday. The lending agency's private sector operations department was expected to participate with a loan of $100 million and a political risk guarantee of $200 million for an open pit mine at Phulbari in Dinajpur proposed by Asia Energy, a subsidiary of the UK-based Global Coal Management.

The President, Sindh Chamber of Agriculture Syed Qamar-uz-Zaman Shah has called upon the government to initiate concrete measures for rapid growth of agriculture sector by providing maximum incentives to growers. Addressing the members of the executive committee of the chamber here on Sunday, Syed Qamar-uz-Zaman, who is also the President of the Chambers of Agriculture of Pakistan has emphasised the need of granting subsidy on fertilisers, pesticides, electricity and diesel to growers in order to reduce the expanses of crop production.

Punjab government is preparing a strategy to promote a long-term programme for Agricultural Market Infrastructure Development and to launch new agriculture investment projects. According to official sources, Asian Development Bank is negotiation with the new government for financing the establishment of commodity market infrastructure, cold chain logistic centres, dairy development and agro-industrial parts.

World Bank Accused Of Climate Change "Hijack" THAILAND: April 7, 2008 BANGKOK - Developing countries and environmental groups accused the World Bank on Friday of trying to seize control of the billions of dollars of aid that will be used to tackle climate change in the next four decades. "The World Bank's foray into climate change has gone down like a lead balloon," Friends of the Earth campaigner Tom Picken said at the end of a major climate change conference in the Thai capital.