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) has approved a $23.5 million grant from the Strategic Climate Fund for a project that will ensure water supply to about 45,000 households. The project is one of five components of Nepal’s Strategic Program for Climate Resilience. “This is the first large-scale intervention by ADB …
The Jaipur Metro project has come at the right time to make up for the poor public transport in the state capital. Relating the project to boom in population, private vehicles, industrialization and employment in the recent times, the Asian Development Bank (ADB), which has complied several reports, says that …
The Executive Committee of the National Economic Council (ECNEC) approved Thursday Tk 52.48 billion cost water treatment plant set up project to purify the water of the Meghna, to be supplied to the capital, officials said. Presided over by Prime Minister Sheikh Hasina, the ECNEC meeting endorsed a total 11 …
Aid targets revamping electricity distribution network, especially in rural areas The World Bank has shown keen interest in financing Bihar Government's ambitious project to revamp power infrastructure. The state government is planning to invest around Rs 25,000 crore under this project, for which it has sought funds from various financial …
Pakistan and the Asian Development Bank (ADB) on Monday signed an agreement to invest $245 million on improving the country's power distribution systems. Secretary Economic Affairs Division (EAD) Nargis Sethi and ADB's Country Director for Pakistan Dr. Werner E. Liepach signed the loan agreement. "The investment will help upgrade Pakistan's …
The Asian Development Bank and the Bill & Melinda Gates Foundation have created a new ‘Sanitation Financing Trust Fund’ to expand and speed up access to safe sanitation in countries in Asia and Pacific region. The partnership trust fund announced during the ongoing World Water Week will entail an investment …
A lawyer, Chaudhry Ahmad Masood Gujjar, has filed a petition in the Lahore High Court seeking directions for construction of Diamer Bhasha Dam to save billions of rupees. The petitioner has stated that the federal government had stopped the work on this important project. He said that the president of …
The Asian Development Bank (ADB) has agreed in principle to finance, what is said to be the first-ever directly-funded farm project, multidimensional research project for improving Basmati rice value chain, aiming at production enhancement as well as quality improvement for boosting rice exports. The ADB will fund the $1 million …
Up to 6,000 farmers in Gujarat could attain higher revenues from their crops with the construction of cold storage facilities. Asian Development Bank In its first ever loan to private agribusiness in India, Asian Development Bank (ADB) will provide USD 18.4 million to Champion Agro to set up cold storage …
The government has planned to install 3,067 solar street lamps using LED bulbs on an experimental basis in Tongi area under the Gazipur City Corporation (GCC). The solar lamps will be installed under a component of the City Region Development Project funded by the Asian Development Bank (ADB), the KfW …
The World Bank has assured Pakistan of providing $1.5 billion assistance during the current fiscal year to support its economic development and stabilisation programme. A statement issued by the ministry of finance quoted Mr. Philippe Le Houerou, the World Bank’s vice president as appreciating and sharing diagnosis of Pakistan’s economy …
The Asian Development Bank (ADB) is on board and supportive of the construction of Diamer Bhasha Dam. “We have now moved ahead and work to find a way to structure it and we are already looking at various models in this regard”, said Mr. Xiaoyu Zhao, Vice President (Perations-1) of …
In a bid to mitigate and cope with the growing energy needs, the government has decided to accept $60m loan aid and grant assistance from the World Bank (WB) and the Asian Development Bank (ADB). A Cabinet meeting on Thursday decided to accept $37 million loan aid from the WB …
The World Bank and the Asian Development Bank (ADB) on Tuesday agreed to provide $ 400 million for reconstruction and rehabilitation in the disaster-hit areas in Uttarakhand. In a meeting presided by Uttarakhand Chief Secretary Subhash Kumar, it was decided that the money would be spent in works in sectors …
The World Bank and the Asian Development Bank would jointly provide $400 million to rain-ravaged Uttarakhand to redevelop basic amenities like housing, agriculture, education and healthcare facilities besides reconstructing the damaged roads. The decision was taken here yesterday at a meeting chaired by Chief Secretary Subhash Kumar after the two …
The Asian Development Bank (ADB) has agreed to sanction Rs 1800 crore to develop key roads in Manipur, including the 110 Km Imphal-Moreh section of National Highway 2. The Manipur component amount comes under the Regional Co-operation and Integration (RCI) project of the bank and the Indo-Myanmar connectivity has included …
Twelve scheduled banks and one non-bank financial institution are yet to disburse any loan under a Tk 200-crore refinancing scheme for green products after signing participant agreements with Bangladesh Bank three to four years before. Twenty-eight banks and one NBFI have so far signed the agreements with the BB under …
The Asian Development Bank will assist Pakistan to prepare and adopt a strategic plan in road network improvement in Sindh, it was learnt here. At present, more than half of road network in the province is in poor condition and one-third is in ‘very poor condition’. Sindh has been selected …
New green power initiatives could reduce Sri Lanka’s greenhouse gas emissions by almost 20 percent by 2020, Sri Lanka’s Industry and Commerce Minister stated, referring to the Asian Development Bank’s (ADB) latest assessment on carbon footprint. “This is no less than a strong reduction potential of 5.6 million tonnes of …
A crucial meeting of the Council of Common Interests (CCI) is scheduled for today (Tuesday) to accord approval to the much-awaited National Power Policy 2013 and proposed $5.3 billion International Monetary Fund (IMF) loan package. Prime Minister Nawaz Sharif will preside over the meeting and all four provincial chief ministers, …
