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 extreme poverty rate still persists at 21 percent in Pakistan and posing a significant challenge given its large population, revealed the Asian Development Bank (ADB) report. The Bank has issued its latest report "Key Indicators for Asia and the Pacific 2014, Poverty in Asia" which states that most of …
The economies of South Asia, home to half the world’s poor, stand to lose almost a quarter of their gross domestic product annually by the end of the century should they fail to fight climate change. India, Nepal, Bangladesh, Bhutan, Sri Lanka and the Maldives are more at risk than …
A new report from the Asian Development Bank says that the $1.25 per day measures do not fully capture the extent of extreme poverty. As rapid economic growth in Asia and the Pacific region had led to a dramatic improvement in living standards, extreme poverty when measured as income or …
Acting on a petition demanding government assessment of the Thoubal-Kasom Khullen road and its impact in Manipur, the Gauhati high court has issued a notice to project sponsor Asian Development Bank (ADB). The 47-km road, which passes through Thoubal, Senapati and Ukhrul districts, is part of the Union DoNER ministry's …
South Asian economies will be badly squeezed by climate change within a few decades if no action is taken to reduce the greenhouse gas emissions responsible for global warming, according to a report published on Tuesday by the Asian Development Bank. The report calculates that the six countries studied – …
Asian Development Bank (ADB), a key financer for the 140MW Tanahun Hydropower Project, has urged the government to conclude the signing of subsidiary loan agreement with Nepal Electricity Authority (NEA) and subsidiary financing agreement between NEA and the project within August. As loan agreements signed with project financers one and …
The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a 118 million U.S. dollars project to provide a safer, cost-effective rural road network, the bank said in a press statement on Monday. "Cambodia's rural economy is increasingly …
The Asian Development Bank and the government of Bangladesh on Wednesday signed an agreement for a US$ 100 million loan to help improve the capacity, efficiency and safety of railway systems in Bangladesh. Mohammad Mejbahuddin, secretary, Economic Relations Division and Kazuhiko Higuchi, Country Director for ADB in Bangladesh, signed the …
The Asian Development Bank, Japan’s Orix Corp. (8591), and the Netherlands’s Robeco Institutional Asset Management BV will set up a private-equity venture in Asia to fund projects aimed at mitigating climate change in the region. Asia Climate Partners will be capitalized with an initial $400 million from its founders, according …
The government on Tuesday opened the Khurkot Bridge over the Sunkoshi River, substantially enhancing connectivity between hilly and Tarai districts. The seven meter bridge, opened by Minister of Transport Bimalendra Nidhi, was completed at a cost of $1.8 million. The bridge was built with financial assistance from the Asian Development …
The Asian Development Bank (ADB) will come up with more climate resilient rural infrastructure and energy efficiency projects for environmental sustainability in the coming years while supporting Bangladesh’s infrastructure needs, said ADB Country Director to Bangladesh Kazuhiko Higuchi, reports UNB. “ADB will continue to support education and healthcare projects. There’ll …
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26. A total of 394 projects are still awaiting approvals from the ministry of environment, forests and climate change, latest data showed. The projects given clearance include Adani Ports' Mundra …
The Asian Development Bank (ADB) today announced that it has approved a $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and cut its reliance on costly petroleum oil for electricity generation. The loan will help Sri Lanka expand the use of renewable energy …
The Asian Development Bank (ADB) has approved a $ 180 million loan to help Nepal overcome crippling power shortage s and export surplus power to neighbouring India. The loan, from the ADB’s concessional resources, will be complemented by a co-financing loan of $ 120 million from the European Investment Bank, …
HIGH-POWER BOOST Fund helps middle-income countries explore options for scaling up projects in renewable sector The World Bank plans to invest $775 million in clean-energy projects across India, even as it expects that the new government’s plan to give fiscal and policy support to the sector will galvanise further investment …
Sri Lanka will upgrade and maintain roads connecting more than 1,000 villages to the highways and expressways in a 906 million US dollars project with 800 million US dollars coming from the Asian Development Bank, a minister said. Information minister Keheliya Rambukwelle said 106 million US dollars will come from …
ISLAMABAD: The Asian Development Bank has approved a loan of $197 million for the National highway Development Project of Balochistan, state media reported on Sunday. Under the project, the two lane highways Zhob-Mughal Kot and Qila Saifullah Waghum will be rehabilitated. The Bank says the project will help boost economic …
In a significant move aimed at improving the power scenario in Assam, the Asian Development Bank (ADB) has cleared a multi-tranche loan facility of USD 300 million to help the State eliminate inefficiencies that are hurting the power consumers and the economy alike. “More than a third of households in …
The Asian Development Bank (ADB) will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods costing the economy an estimated $250 million a year. An ADB multitranche loan financing facility of $255 million will help put in place riverbank protection structures and embankments along …
TBT Live Update: The European Investment Bank (EIB) has decided to lend Euro 100 million to the government of Bangladesh to finance a new sustainable surface water supply system in Dhaka. The financing contract was signed here on Monday. This is the second lending operation to the public sector in …
