asian development bank

  • Asian Development Bank pares 2022-23 GDP growth forecast for India to 7%

    The Asian Development Bank (ADB) has pared its 2022-23 growth projection for India’s economy to 7% from 7.5% estimated in April, terming it a “modest downward revision” driven by higher-than-anticipated inflation and monetary tightening. The Bank also raised its inflation...

    Published On September 22nd, 2022
  • India emerges as Sri Lanka’s largest bilateral lender overtaking China

    India becomes the largest bilateral lender for Sri Lanka and overtakes China. In four months of 2022, India has provided a total of 968 million US Dollars in loans to Sri Lanka. China has been the largest bilateral lender to...

    Published On September 20th, 2022
  • ADB lends record USD 4.6 bn loans to India in 2021

    As per the data official released by the Asian Development Bank (ADB), it provided a record USD 4.6 billion in sovereign lending to India in 2021. This included USD 1.8 billion towards coronavirus disease (COVID-19) pandemic response. The ADB's regular...

    Published On February 7th, 2022
  • ADB approves $500-million loan to improve quality of school education

    The Asian Development Bank (ADB) has approved a $500 million loan to the Government of India to help improve the quality of the country’s school education and mitigate the impact of the Covid-19) pandemic on students’ learning. The loan supports...

    Published On December 4th, 2021
  • ADB approves USD 1.5 bn loan to India for COVID-19 vaccine procurement

    Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19). The fund will be used to procure at least 66.7 crore...

    Published On November 26th, 2021