Tag:ADB

These signings follow recent ADB commitments totalling $730 million for power transmission and state-owned enterprise reforms, highlighting ongoing multilateral support amid Pakistan’s economic recovery efforts.

The financing will advance initiatives under India’s national flagship programmes in skilling and rooftop solar deployment along with projects supporting healthcare, metro development and ecotourism promotion across three states.

The Asian Development Bank (ADB) has approved a $126.42 million loan along with $1 million in technical assistance to promote sustainable and climate-resilient tourism in Uttarakhand’s Tehri Lake area, one of the state’s most vulnerable and economically disadvantaged regions.

In a move signalling a profound shift in Pakistan’s infrastructure financing and geopolitical posture, China has withdrawn from financing the pivotal Main Line-1 (ML-1) railway project, a cornerstone of the China–Pakistan Economic Corridor (CPEC)

The pilot in Galle is seen as a potential blueprint for nationwide replication, with implications for addressing water inefficiencies throughout Sri Lanka. If successful, it could also serve as a model for other countries in the region facing similar challenges.

This slump is largely attributed to domestic unrest, contractionary monetary and fiscal policies, and a broader climate of uncertainty that has discouraged both foreign and domestic investment.

This enhanced support from ADB is expected to catalyse efforts to promote sustainability, strengthen infrastructure, and improve the quality of life for communities across Bangladesh.

Beyond the budget support, the World Bank has approved $379 million for the health and nutrition sector and $280 million for the development of the water supply system in Chattogram.