The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Four Chinese companies have bid for construction of the 26.5 kilometer diversion tunnel of the Melamchi Water Supply Project. The companies vying for the project are China International Water and Electric Corp (CWE), China Overseas Engineering Company, Trans Tech Engineering China and China Railway 15 Bureau, said senior officials at …
The Asian Development Bank wound up its annual meeting Tuesday amid fears over soaring food prices and a debate over its role and relevance in Asia's rapidly changing economic landscape.
The food price crisis is caused largely by greed and speculation rather than food shortages, the head of Southern Africa's development bank said on Tuesday. Spiralling food costs -- called a "silent tsunami" by the World Food Programme -- have ignited fury and a rash of protests from Haiti to …
The ADB is set to make loans worth hundreds of millions of dollars to several Asian nations which have asked for emergency budget assistance to combat soaring food prices, ADB President Haruhiko Kuroda said on Tuesday. "A few countries have expressed their wish to seek some financial assistance from ADB," …
"The global fight against poverty will be won or lost in our region,' Kuroda said in a keynote speech to delegates at the Asian Development Bank's annual meeting. "Soaring food prices are hitting the poor very hard. This price surge has a stark human dimension and has greatly affected over …
The Asian Development Bank on Saturday called for immediate action from global governments to combat soaring food prices and pledged fresh financial aid to help feed the Asia Pacific region's poorest nations. The ADB set out a plan of short- and medium-to-longer-term assistance work, including financial support, to protect the …
THE Asian Development Bank has rushed to offer cheap loans to poor countries in the region to help them cope with the world food crisis. Warning of a backwards slide in economic development that could potentially plunge millions of people back into poverty, bank president Haruhiko Kuroda told a meeting …
The establishment of a local certifying body in organic farming would provide low-cost audit and certification facilities to the existing market players in Pakistan. Shafaqat Ali Syed, Financial Analyst and Investment Advisor (FA & IA), Agribusiness Support Fund (ASF), told Business Recorder on Wednesday that ASF has approved a matching …
Soaring food grain prices in recent months have caused serious concern around the world. In Asia the estimated 1.2 billion poor people who spend on average 60% of their income on food have been hit hard. Food price inflation severely stresses the most vulnerable groups. High and rising food prices …
Hydel power exploitation in the state sector will get a major boost with the Asian Development Bank sanctioning a loan Rs 3,200 crore to the government for the execution of three major power projects. Negotiations had been going on for the past more than a year and the bank had …
Three foreign water management experts have undertaken the responsibility of supplying drinking water to the Kathmandu valley from this week. Last week, Kathmandu Valley Drinking Water Limited appointed a General Manager and two Managing Directors on the recommendation of the Asian Development Bank (ADB), the chief contributor of the Melamchi …
Asian Development Bank (ADB) has signed an agreement for extending $450 million loan to Coastal Gujarat Power Limited (CGPL), a wholly-owned subsidiary of the Tata Power Company Limited executing the 4,000 MW Mundra Ultra Mega Power Project in Western Gujarat. According to an official ADB statement here, the bank will …
With global tensions over food supplies mounting, prices of world staples rice and corn surged on Tuesday amid strong demand and concerns over slow planting of the new US corn crop. Meanwhile, the Asian Development Bank warned Asian countries against export controls, and the Inter-American Development Bank said the food-versus-fuel …
The Asian Development Bank on Tuesday criticised rice export bans, saying governments should instead resort to fiscal measures to help the poor, as prices of the staple continued to climb. While Indonesia promised more support to its farmers to encourage them to sell their produce to the government, signs China …
Developed nations should stop paying agricultural subsidies to encourage biofuel production because the payments are making staple foods more expensive, the Asian Development Bank said Monday. Biofuels should also be re-examined by governments around the world as it is increasingly unclear how environmentally friendly they are, said ADB managing director …
A water supply programme to provide fresh drinking water for residents in Batticaloa district has been expedited. Under this programme, the Unnichchai drinking water programme has been given priority, Water Supply and Drainage Board, Batticaloa Engineer D.A. Pragash said. This programme is implemented under the patronage of the Asian Development …
Developed nations should stop paying agricultural subsidies to encourage biofuel production because the payments are making staple foods more expensive, the Asian Development Bank said Monday. Biofuels should also be re-examined by governments around the world as it is increasingly unclear how environmentally friendly they are, ADB managing director general …
Soaring food prices have hampered Asia's fight against poverty and some countries may need foreign aid to feed their hungry millions, the Asian Development Bank president said Friday. "The current food price inflation has already affected the pace of poverty reduction in some countries," Haruhiko Kuroda said. "Poverty reduction has …
