Search For "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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UAE participates in Second Finance Ministers and Central Bank Governors Me
Updated : 2 years, 11 months ago IST
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation to the Second Finance Ministers and Central Bank Governors (FMCBG) meeting of the Finance Track of the G20 for 2023, which was held on the sidelines of the 2023 Spring Meetings of the World Bank Grou
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Build consensus on definition of global development challenges, augment Wo
Updated : 2 years, 11 months ago IST
Union Finance Minister Nirmala Sitharaman on Wednesday participated in the roundtable on 'Multilateral Development Bank Evolution: Building Shareholder Consensus' hosted by the US Department of Treasury Secretary at World Bank headquarters.
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Union finance minister Sitharaman participates in roundtable with US Dept
Updated : 2 years, 11 months ago IST
The discussion was focused on the impact of global development challenges like climate change, pandemics, fragility and conflict on development progress, and reforms at the World Bank, according to the Finance ministry.
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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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Microfinance Industry poised for growth with disbursements increasing 11 p
Updated : 2 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22.
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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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