asian development bank - Latest News, Analysis, Opinion

Banking & Finance Banking

The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections.

ADB, AIM Launch Global Hackathon For Digital Ideas To Respond To COVID-19 Crisis

AIM's mission is to sustain the growth of Asian businesses and societies by developing professional, entrepreneurial, and socially responsible leaders and managers.

ADB Triples Rescue Package To $20 Billion For Developing Members To Fight Coronavirus

An initial $6.5 billion in financial support to developing countries in the region for their immediate responses to contain the spread of the new coronavirus.

India's Growth To Slow To 4 Pc In FY20, Recover To 6.2 Pc In FY21

The report forecasts inflation of 3 per cent in FY2020 due to decreased demand and lower oil prices, and then rise to 3.8 per cent in FY21 as domestic demand improves.

ADB Sells $4.5 Billion Two-Year Global Bonds In Largest-Ever Single Tranche Outing

Companies & Markets Markets Bond Maket

The issue achieved wide primary market distribution with 41 per cent of the bonds placed in the Americas, 32 per cent in Europe, the Middle East and Africa, and 27 per cent in Asia.

ADB Announces $6.5 Billion Initial Response To COVID-19 Pandemic

ADB stands ready to provide further financial assistance and policy advice down the road whenever the situation warrants on top of the 6.5 billion dollar package, he added.

ADB To Provide $200 Million To Support Strained Supply Chains In Fight Against COVID-19

The funds will be made available through ADB's supply chain finance programme and provided to selected companies within weeks.

Coronavirus Could Cut Global Growth By 0.1% To 0.4%, ADB Says

The outbreak could slash global gross domestic product by 0.1 to 0.4%, with financial losses forecast to reach between $77 billion and $347 billion, the Manila-based lender said.

COVID-19 Outbreak To Have Significant Economic Impact On Developing Asia: ADB

China will account for 103 billion dollars of those losses -- or 0.8 per cent of its GDP. The rest of developing Asia would lose 22 billion dollars or 0.2 per cent of its GDP.

ADB Approves $2 Million In New Funding To Combat nCov

ADB's economists are looking at the impact that the virus could have on the region's economies, including through channels such as tourism, consumption, trade and supply chains.

Demographic Dividend Or Demographic Burden?

Upasana

Almost 1.2 crore people enter the labour market every year in India. Demographic dividend has become the demographic burden.

ADB To Step Up Private Sector Operations In Vulnerable Countries, Emerging Sectors

Banking & Finance Banking

"ADB's private sector operations will lead by example to bridge these gaps and meet the challenges of our rapidly changing region," said Director General of ADB's Private Sector Operations Department.

Kacific1 Satellite Launch To Bring Affordable Internet To Remote Parts Of Asia And Pacific

Companies & Markets Sector Reports Media & Entertainment

The Asian Development Bank (ADB) provided 50 million dollars in financing to Kacific for the satellite to deliver internet that will enable better education and health services, improve access to information, and drive more trade and connectivity between countries.

ADB Approves 2020 Administrative Budget Of $727 Million