Search For "asian development bank"
India scaling renewable energy capacity but challenges remain: ADB
Updated : 2 years, 10 months ago IST
India has scaled up its renewable energy capacity by 250 per cent between 2014 and 2021. It now ranks fourth in renewable energy capacity in the world but attempting a clean energy transition at the scale that India requires faces many challenges, according to Asian Development Bank
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Benefits of global net-zero transition can be 5 times the costs in develop
Updated : 2 years, 10 months ago IST
The benefits--including avoided economic losses from climate change, as well as improved health thanks to cleaner air--are achievable through targeted policy reforms, according to the Asian Development Outlook Thematic Report: Asia in the Global Transition to Net Zero, released today.
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ADB, Tata Power Delhi Distribution sign deal to enhance power distribution
Updated : 2 years, 11 months ago IST
Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, entered into an agreement to subscribe to non-convertible debentures for 1.5 billion rupees (equivalent to USD 18.2 million) to enhance Delhi's power distribution through grid
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Pakistan raises benchmark interest rate to 21 pc
Updated : 2 years, 11 months ago IST
On Wednesday, the State Bank of Pakistan's Monetary Policy Committee increased the benchmark interest rate by 100 basis points, to 21 per cent.
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Four million people will fall below the poverty line in Pakistan in FY23,
Updated : 2 years, 11 months ago IST
The World Bank has forecast about four million people falling below the lower middle-income poverty line amid economic growth plummeting to just 0.4 per cent against a budgeted target of 5pc
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Asia Pacific region to grow faster on easing pandemic restrictions: ADB
Updated : 2 years, 11 months ago IST
Economic growth in developing economies in Asia and the Pacific in 2023 is going to be faster as the continued easing of pandemic restrictions boosts consumption, tourism, and investment, according to Asian Development Bank (ADB).
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Sri Lanka to see degrowth in 2023, gradual recovery expected next year: AD
Updated : 2 years, 11 months ago IST
Sri Lanka's economy is estimated to contract again in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, according to Asian Development Bank.
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G20: Discussion on diversification to renewable sources for energy transi
Updated : 2 years, 11 months ago IST
The event, supported by the Asian Development Bank (ADB) and the Council on Energy, Environment and Water (CEEW), will focus on diversifying and securing renewable energy and critical mineral supply chains for energy transitions, including promoting circularity in value chains.
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Nepal drowning in Chinese debt trap
Updated : 2 years, 12 months ago IST
Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM Bank. The terms for this financing are highly adverse for Nepal's economy. The rate of interest charged on this loan is 2 per cent, much higher than what other multilateral lender
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Efficient logistics to drive India through Amrit Kaal to become Atmanirbha
Updated : 3 years ago IST
The minister participated in the one-day workshop on "Logistics Cost Framework" organized by DPIIT, Ministry of Commerce and Industry, in partnership with Asian Development Bank (ADB) on Monday in the national capital.
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Sri Lanka govt debt rose to 115.2 pc of GDP by 2022-end: Report
Updated : 3 years ago IST
The gross debt of Sri Lanka's central bank was roughly 4.66 per cent of the GDP. Moreover, the central bank used special drawing privileges that required interest payments.
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years ago IST
Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from IMF is expected this month followed by funds from World Bank and Asian Development Bank.
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