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The Latest Breaking News from the Asian Development Bank

ADB signs first Transaction Advisory Pact in India to mobilise $1 billion for green energy projects

The Asian Development Bank will support Madhya Pradesh's renewable energy projects. This partnership aims to attract significant private investment for clean energy infrastructure. The agreement focuses on structuring and rolling out three new clean energy initiatives. These projects will enhance grid stability and meet peak electricity demands. Madhya Pradesh's renewable…

The Economic Times

ADB to provide Rs 1,750 crore for development of 500 KPS schools in Karnataka

The Asian Development Bank and Karnataka government on Friday signed an agreement for Rs 1,750 crore in ADB assistance to develop 500 government schools as Karnataka Public Schools by 2029-30. The state will contribute Rs 750 crore, taking the total project outlay to Rs 2,500 crore to upgrade infrastructure and…

The Economic Times

India, ADB sign $230 million loan to upgrade Chennai water system

India and the Asian Development Bank signed a $230 million loan agreement. This project will expand and modernize Chennai's water supply and sanitation infrastructure. It includes building new pipes and upgrading pumping stations across the city. Chennai will also implement a comprehensive ring-main system for improved water reliability. The initiative…

The Economic Times

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ADB commits $1 bn to support sustainable growth and resilience of India's cities

The Asian Development Bank approved significant funding for India's urban development initiatives. A USD 1 billion loan will support urban reforms and investments across the nation. Another USD 850 million loan will accelerate India's rooftop solar program rollout. This funding aims to boost clean energy access and urban livability. The…

The Economic Times

'Without our money, people will struggle': Muangthai Capital's new CEO Parithad Petampai defends the role of microfinance in Thailand

Muangthai ranks No. 295 on Fortune’s Southeast Asia 500 list, with 2025 revenue of 30.74 billion Thai baht ($936 million).

Fortune

ADB cuts India's FY27 GDP growth aim to 6.6% on higher energy prices

The Asian Development Bank has lowered India's FY27 GDP growth forecast to 6.6 percent. Elevated energy prices are impacting household purchasing power and squeezing real incomes. The lender also raised India's FY27 inflation forecast to 5.2 percent. South Asia's growth projection for 2026 was also reduced by 0.3 percentage points.…

The Economic Times

IIFCL plans $1 billion loan from overseas investors; in talks for $400 million ADB funding

India Infrastructure Finance Company is set to secure a substantial $1 billion foreign-currency loan, potentially its largest to date, and is also in talks with the Asian Development Bank for an additional $400 million. This move follows recent Reserve Bank of India measures designed to bolster dollar inflows and support…

The Economic Times

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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

Rusutsu Resort to Host Special Session as Part of the Asian Development Bank and Hokkaido University International Financial Conference

TOKYO, June 22, 2026 /PRNewswire/ -- Kamori Kanko Co., Ltd. (President & CEO: Hisatake Kamori, hereinafter "Kamori Kanko") and Rusutsu Resort Tech Co., Ltd. (Directors: Shintaro Hirato, Asahi Iwanaga, and Hisatake Kamori, hereinafter "RRT") will jointly host a special session at Rusutsu Resort on July 8, 2026, as part of…

AAP

How solar and wind projects are accelerating the energy transition

Authorities in Uzbekistan say 5,600 megawatts of solar and wind capacity have already been added to the national grid through international partnerships. New investments now focus on energy storage, AI infrastructure, and large-scale data centres linked to the energy transition.

Euronews

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

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

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International Business Times

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.

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

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 Independent UK

Multilateral banks are key to financing the fight against global warming. Here is how they work

International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world

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Top News

China's Realistic GDP Target Despite Challenges, ADB Reports

The Asian Development Bank assesses China's GDP target as realistic and achievable amidst challenges.

The Hindu

Indian tourists’ boycott call post Modi visit to Lakshadweep may impact Maldives | Data

A recent diplomatic row between India and the Maldives, sparked by disparaging remarks made by Maldivian ministers on social media regarding Prime Minister Narendra Modi’s visit to Lakshadweep, led to an uproar on Indian social media. The Maldivian government, distancing itself from the comments, suspended the ministers. Concerns arose about…

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