According to the Asian Development Outlook (ADO) December 2023, released on December 13, the regional economy is now expected to grow by 4.9 per cent in 2023, up from the earlier forecast of 4.7 per cent in September, with the outlook for the following year remaining steady at 4.8 per cent.
Uttarakhand Chief Minister Pushkar Singh Dhami expressed gratitude to the Union Finance Minister Nirmala Sitharaman over the provision of a loan facility of 200 million dollars by the Asian Development Bank (ADB) for strengthening the electricity system and power transmission of Uttarakhand
The Government of India and the Asian Development Bank have signed an agreement to avail a 200 million-dollar loan from the Asian Development Bank (ADB) to improve the quality, efficiency, and reliability of power supply in the state of Uttarakhand.
According to ADB, the financial support from ADB aligns with the National Industrial Corridor Development Program (NICDP) initiated by the Government of India in 2016, later updated in 2020 for enhanced planning and management of industrial economic clusters. ADB's infusion of funds bolsters
According to ADB, Positioned as a trailblazing carbon fund under the Paris Agreement, the CACF aims to mobilize innovative carbon finance through the acquisition of carbon credits, intending to spur investments in transformative mitigation actions across ADB's developing member countries (DM
The Asian Development Bank (ADB) has approved a USD 98 million loan to improve India's horticulture crop farmers' access to certified disease-free planting materials, thus safeguarding them from climate impacts.
The central government and the Asian Development Bank (ADB) signed a USD 175 million loan to improve the connectivity and resilience of roads in Madhya Pradesh.
The new technical assistance program will delve into the repercussions of rising temperatures, identifying policies, actions, and investments that can alleviate the disproportionate impacts on women and girls.
ADB President Masatsugu Asakawa highlighted the significance of nature as a crucial carbon sink, with ecosystems absorbing approximately 55 per cent of carbon dioxide emissions.
As per ADB, this initiative, focused on capital markets and private capital sources, aligns with ADB's commitment to combat climate change and protect the region's biodiversity.
The MDB statement said, "The window of opportunity to secure a liveable and sustainable future for all is rapidly closing. Recognizing the interlinkages between the triple planetary crises of climate, nature, and pollution, achieving the Sustainable Development Goals, the goals of the Paris