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The Latest Breaking News from ADB

ADB approves USD 42.2 mln loan to boost bamboo industry in northeast region

The Asian Development Bank has approved a $42.2 million facility to boost India's northeastern bamboo industry. This initiative aims to enhance agricultural productivity and rural livelihoods by supporting community-based projects and establishing women-led manufacturing units. Despite holding a significant portion of global bamboo, India's value chain is underdeveloped.

The Economic Times

India remains ADB's largest private sector market; lender eyes USD 1 bn direct support in 2026

India stands at the forefront of the Asian Development Bank's investment strategies as the lender aims to deploy roughly USD 1 billion in direct private sector support this year. ADB's Vice-President Bhargav Dasgupta highlighted the intention to carry forward last year's progress, particularly within renewable energy and sustainable development sectors.

The Economic Times

India taps World Bank, ADB for $2.5 billion infrastructure spend

India is in talks with the World Bank and Asian Development Bank for substantial funding. This financial support aims to boost urban infrastructure and create jobs. The loans will help New Delhi manage its budget after increased spending on subsidies. The government plans to upgrade infrastructure and urban renewal projects.

The Economic Times

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Has Sri Lanka recovered from its economic collapse? Three years after the crisis

Sri Lanka, once a symbol of economic collapse, has achieved remarkable stabilisation. Fuel shortages and soaring inflation have receded, with economic growth returning and tourism booming. While international lenders praise the IMF-backed reforms, significant challenges like high public debt and low investment persist, indicating recovery is still incomplete and transformation…

The Times of India

ADB, StanChart ink partnership to support Indian firms across supply chains

The Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-sharing for USD transactions via GIFT City and a guarantee facility for rupee transactions, aiming to expand access for businesses and enhance trade flows.

The Economic Times

FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economist

Foreign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengthening manufacturing infrastructure and urban planning will attract more capital. Higher oil prices are expected to persist, impacting India's GDP growth and inflation. Reforms are ongoing, and continued momentum is…

The Economic Times

Crude oil prices likely to stay higher for longer: ADB Chief Economist

Crude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India's reliance on imported oil makes it particularly vulnerable…

The Economic Times

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Economic growth in the Pacific could slow as energy disruptions spread, ADB warns

Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.

Euronews

Asian Development Bank announces €65bn regional investment plan across Asia

At its annual meeting in Samarkand, the Bank outlined a programme focused on cross-border energy and digital infrastructure.

Euronews

The Asian Infrastructure Investment Bank's first president defends China's role as 'responsible stakeholder' in a less multilateral world

Jin Liqun, the first president of the AIIB, talks international cooperation, infrastructure, and investment in an interview with Fortune.

Fortune

Climate change threatens Asia’s water and power systems, reports warn

Climate change is hammering Asia’s water and power systems, endangering the lives and livelihoods of millions, with countries facing billions in protection costs, according to Asia-based lenders and advocacy groups

The Independent UK

Heading towards net-zero: Azerbaijani railway operator on the way to green transformation

Baku has set an ambitious national target to reduce greenhouse gas emissions by 35% by 2030 and 40% by 2050.

Euronews

Burke and Wills died as Victorian heroes, but their expedition was a farce. Now Melbourne is rethinking their statue

Their quest captured the imagination of the colony and became part of Australia’s foundation narrative. But it was a debacle led by an eccentric man with a poor sense of direction

The Guardian - AU

ADB Acting On US Concerns Over China, Bank Chief Tells AFP

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy.

International Business Times

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The Guardian - AU

‘It’s not Chinese assistance’: Australia accuses China of taking undue credit for aid projects in the Pacific

Minister Pat Conroy says Chinese ‘branding’ of multilateral development projects to bolster its influence in the region is a consistent frustration

Euronews

Why is the Asian Infrastructure Investment Bank regionally significant?

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing.

AAP

Economic growth to moderate in the Pacific: report

Fresh economic forecasts for the Pacific show the blue continent can expect moderating growth in the next two years.

The Guardian - AU

Asian countries riven by war and disaster face some of steepest Trump tariffs

Myanmar, Cambodia and Laos hit with rates over 40% as experts say the real target is China

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Dynamite News

ADB to provide 3 mln USD for earthquake relief in Myanmar

The ADB said the earthquake has intensified Myanmar's ongoing humanitarian crisis, adding urgency to the existing challenges faced by the people. Read further on Dynamite News:

Motor1

How Rivian Beat Everyone to Better Headlights

For well over a decade, drivers around the world have enjoyed better headlights. Adaptive Drive Beam (ADB) moves beyond the old-school binary of high and low beams, taking advantage of modern lighting technology that allows parts of a headlight’s beam to dim for oncoming drivers, reducing glare. In America, the…

International Business Times

Debt-saddled Laos Struggles To Tame Rampant Inflation

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

The Independent UK

Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

Al Jazeera

Energy summit seeks to curb cooking habits that kill millions every year

Harmful cooking practices result in the deaths of 3.7 million people every year with children and women most at risk.

International Business Times

NGOs Accuse ADB Of Funding Indonesia Coal Plants Despite Clean Energy Promises

Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report.

The Hindu

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The ADB’s latest growth forecast for India’s GDP is slower than the 7.6% pace that India’s National Statistical Office has estimated for the 12 months that ended on March 31

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