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The Latest Breaking News from Asian Development Bank

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

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

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times

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The world’s largest climate finance deal was built to flounder: why funding fails to reach the front-line

Adopted in December 2015, the Paris Agreement commits countries to keeping global temperature rise below 2°C above pre-industrial levels.

The Conversation

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

‘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

The Guardian - AU

If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation

Donald Trump’s animosity toward multilateralism and international organizations is well known. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the Paris agreement on climate change.

The Conversation

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New economic prospects needed for 'chameleon' Nauru

The tiny Republic of Nauru is highly dependent on revenue from Australia. Could it follow Tuvalu and sign a comprehensive treaty with Canberra?

AAP

ADB warns China it risks wasting money on state-led growth

China needs to level the playing field between private and state owned firms, the Asian Development Bank's chief economist said on Thursday, adding that the world's second-largest economy risks "wasting a tonne of money" with a state-led growth model.

Reuters

Samoan Prime Minister Fiame Naomi Mata'afa warns China not the only outside power looking to increase their presence in Pacific

During a visit to Canberra, Samoan Prime Minister Fiame Naomi Mata'afa warns that China is not the only major power that may want to secure further military access to the Pacific "under the guise of protecting assets".

ABC News

ADB, Monsoon Wind ink financing deal

The Asian Development Bank (ADB) and Monsoon Wind Power Co have signed a financing agreement worth US$692.5 million to support the construction of a 600-megawatt wind power plant in southern Laos, the largest cross-border wind energy project in Asean.

Bangkok Post

‘Do-nothing’ bureaucrats hold back Vietnam

Vietnam’s Communist Party is growing alarmed about a new mantra taking hold among bureaucrats: Do a lot, get in trouble for a lot. Do less, get in trouble for less. Do nothing, get in trouble for nothing.

Bangkok Post

Sri Lanka President plans to visit New Delhi to discuss his country's economic crisis

Ranil Wickremesinghe met PM Modi briefly in Japan during their visit to Shinzo Abe’s funeral

The Hindu

Bank to provide $2.5 billion to flood-ravaged Pakistan

Pakistan's Finance Ministry says the Asian Development Bank will provide $2.5 billion in aid to the impoverished flood-affected country, where climate-induced deluges of rain have killed nearly 1,700 people since-mid- June

The Independent UK

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Reuters

ADB plans $14 billion program to ease food crisis in region

The Asian Development Bank plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a food crisis in Asia and the Pacific, its president said on Tuesday.

The Independent UK

ADB to devote $14B to help ease food crisis in Asia-Pacific

The Asian Development Bank says it is devoting at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific

Al Jazeera

‘Risks loom large’: Asian Development Bank cuts growth forecast

Manila-based development bank lowers the growth forecast for 2022 from 5.2 percent to 4.3 percent.

The Independent UK

Asian lender ADB cuts forecasts to reflect weakening outlook

The Asian Development Bank has downgraded its forecasts for growth in the region, citing the war in Ukraine, rising interest rates to combat decades-high inflation, and China's slowing economy

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Reuters

Pandemic sets back Asia-Pacific's poverty fight by 2 years - ADB

The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on Wednesday.

Bangkok Post

Green recovery

As the world emerges from Covid-19 and faces stagflation and war, climate crisis remains one of the greatest threats to humanity. A green recovery has become a priority for policymakers in Southeast Asia and around the world, who aim to create a more sustainable path that focuses on the environment,…

The Times of India

ADB cuts India GDP forecast for FY23 to 7.2% on Covid, war impact amid inflationary pressure

NEW DELHI: Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.

Newslaundry

Trading ecology for tourism: Why Biren Singh’s dream project might be a nightmare

The Manipur government’s proposed mega ecotourism project at the Loktak lake – a site of global significance under the Ramsar convention and home to the critically endangered sangai deer – has again waded in troubled waters. Tenders to appoint consultants for the Rs 1,700 crore project in Bishnupur district were…

Al Jazeera

Asia’s economic growth outlook slashed on China, Ukraine fears

Asian Development Bank forecasts region’s developing economies to grow 4.6 percent in 2022 amid worsening conditions.

Bangkok Post

Growth forecast slashed for developing Asia as prices soar

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

The Times of India

Explained: How India emerged to be Sri Lanka's top lender in 2022

NEW DELHI: Crisis-hit Sri Lanka found most support in neighbour India as it emerged to be the island nation's source of assistance amidst the economic collapse.

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