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 …
The Asian Development Bank (ADB) and the government of Pakistan Wednesday signed a $430 million agreement to strengthen Pakistan’s Benazir Income Support Programme (BISP). ADB Country Director for Pakistan Werner E Liepach and BISP Secretary Haseeb Athar signed the project agreements in the presence of BISP Chairman Enver Baig. “The …
SYDNEY: The Pacific region faces serious economic losses due to climate change and it is critical that nations causing the problem step in to help, the Asian Development Bank said on Tuesday. A new report by the bank released in Sydney, "Economics of Climate Change in the Pacific", showed that …
A Service Agreement for the Turkmenistan-Afghanistan-Pakistan-India(TAPI) pipeline was signed in Ashgabat , Turkmenistan ‘s TV Channel reported on Wednesday. According to the report the agreement was signed with the transactional adviser the Asian Development Bank (ADB), as well as the Turkmengas State Concern, Afghan Gas Corporation, Inter State Gas Systems …
The government has released Rs 21 billion for the construction of Diamer-Bhasha Dam in the last four years (2009-10 to 2012-13), says a document of the Ministry of Water and Power. According to the document, Islamic Development Bank (IDB), United States Agency for International Development (USAID) and Asian Development Bank …
The Asian Development Bank and the Government of Bangladesh on November 14 signed a technical assistance grant agreement of US$1.5 million for strengthening the Roads and Highways Department to support the government’s institutional development initiatives. The government of Japan is financing the TA through the Japan Fund for Poverty Reduction. …
Concrete houses for fishermen, cyclone shelters and underground cabling for power supply are among the host of projects the state government on Wednesday placed before a central team on external assistance, which is here to assess Odisha's needs following devastation by Phailin and subsequent floods. The seven-member team headed by …
The Asian Development Bank (ADB) has approved US$ 250 million assistance to a project of Dhaka WASA to bring 50 crore litres of water per day from Meghna River to reduce its dependency on groundwater, reports UNB. ADB, which is the lead financier of the project, at its board meeting …
Rain and flash floods have pushed back development works in Uttarakhand by decades and the challenge at the moment is to build smarter projects without impacting the fragile environment of the hilly region, said World Bank's country director Onno Ruhl. "In Uttarakhand, the challenge is to build smarter, so that …
Almost 11 million people in Bangladesh will benefit from a project loan to improve the water quality and bring new supplies to the capital city of Dhaka, the Asian Development Bank said. The $250 million water loan approved by the Manila-based development bank for improvements in the fastest-growing city in …
The Asian Development Bank (ADB) and the government signed Wednesday a loan agreement for $12 million in additional financing for the cross-border electricity interconnection between Bangladesh and India. With the additional finance, ADB provided a total of $112 million for implementing the $199 million SASEC (South Asia Sub-regional Economic Cooperation) …
The Asian Development Bank (ADB) has approved $430 million equivalent loan to expand and strengthen Pakistan’s national social safety net programme, which is helping to lift millions of families out of poverty. Pakistan’s official poverty rate was 22.3pc in 2006 but since 2007 food and fuel price spikes, floods, and …
ADB has agreed to fund the program, which has made good progress, for two more years Energy: Bhutan’s ongoing biogas project will achieve at least 85 percent of the total target by the end of the project in February next year, according to the department of livestock. The funding agency, …
The Asian Development Bank will provide $10 million loan facility for the much-needed investment in private-sector infrastructure projects in Bangladesh, including in renewable energy. The ADB will provide a $100 million credit line to the state-owned Infrastructure Development Company Ltd for investment in projects in power generation, water and sanitation, …
The Asian Development Bank (ADB) Sunday agreed to provide a loan assistance of 75 million US dollars (equivalent to Rs 7.322 billion) to Nepal for the implementation of SASEC Road Connectivity Project. The Ministry of Physical Infrastructure and Transport is the executing agency while, Department of Roads is the implementing …
Cross-border power exchanges can play a central role in helping Asia and the Pacific meet its booming demand for power, which is set to sharply outpace the rest of the world’s over the next two decades, says a comprehensive new report from the Asian Development Bank (ADB). “Our projections show …
WHEN the devastating floods of 2010 killed more than 2,000 people in the country, displaced over one-tenth of the population from north to south and caused cumulative economic losses exceeding $10bn, the government quickly promised to formulate a flood management policy for the future. Since then, Pakistan has endured two …
The Asian Development Bank (ADB) would help Bangladesh import power from hydro-power-rich Bhutan, with the setting up of a regional power transmission line for cross-border electricity trading, an energy expert at the Bank's headquarters said. "If both Bangladesh and India are linked through the Indian power market, power trading opportunities …
The cabinet meeting on Thursday approved the loan assistance of Rs 7.35 billion by Asian Development Bank (ADB) for the implementation of the South Asia Sub Regional Economic Assistance Road Network Project. Similarly, the meeting decided to send the Reconciliation Act 2068 BS proposed by the Ministry of Law and …
Sri Lanka’s capital and bordering areas are in line for an $88 million loan from the Asian Development Bank to boost water supplies to 24 hours. The Asian Development Bank said the water-system upgrades would bring seven-day around-the-clock water to the Colombo region from six to 10 hours in some …
It will involve 1,850 km of transmission lines, 3 new 400 kV substations and 9 new 220 kV grid substations The Asian Development Bank (ADB) will lend $500 million to set up a transmission network that will carry power from clean energy projects in Rajasthan. "ADB will provide $500 million …
