The ADB loan will help enhance access to financial services for vulnerable groups, most notably micro, small, and medium-sized enterprises (MSMEs); women; youth; and those living in rural areas, ADB said in a statement on Tuesday.
It will help countries to mobilize financing for nationally determined contributions by improving investment planning, identifying and developing projects, and building country capacity to accelerate a pipeline of green projects for the region.
Manila [Philippines], September 28 (ANI): The Asian Development Bank (ADB) has announced it plans to provide at least USD 14 billion over 2022-2025 as support to ease a "worsening food crisis" in Asia and the Pacific.
New Delhi [India], September 22 (ANI): Pakistan's economy is forecast to slow to 3.5 per cent in the financial year 2022-23 due to reasons like devastating floods and policy tightening, the Asian Development Bank (ADB) has said in its latest report.
New Delhi [India], September 21 (ANI) The Asian Development Bank (ADB) lowered India's GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
New Delhi [India], September 10 (ANI): Asian Development Bank (ADB) Vice-President Shixin Chen during his India visit from 5th to 9th September reiterated ADB's commitment to further strengthen its partnership with India and affirmed ADB support to the government's development priorities
Mumbai (Maharashtra) [India], September 2 (ANI): IndusInd Bank on Friday announced a strategic partnership with Asian Development Bank (ADB) to support and promote supply chain finance solutions in India.
Islamabad [Pakistan], September 1 (ANI): Amid widespread floods across, the Asian Development Bank (ADB) on Wednesday approved a USD 3 million grant to support Pakistan's emergency relief efforts.
Manila [Philippines], August 25 (ANI): The Asia Pacific region will find it harder than before to escape poverty as the Covid-19 pandemic has pushed back the fight against poverty in the region by at least two years, according to a report from the Asian Development Bank (ADB).
New Delhi [India], August 22 (ANI): The Asian Development Bank (ADB) and the Government of India on Monday signed a USD 96.3-million loan agreement to provide safe drinking water and improve water supply and sanitation services in the state of Himachal Pradesh.