Amaravati Capital Project Gets ₹13,500 Crore Loan from World Bank and ADB The Amaravati capital project, a significant infrastructure initiative in Andhra Pradesh, has received a major financial boost with a ₹13,500 crore loan from the World Bank and the Asian Development Bank (ADB). This development is part of the state’s ongoing efforts to build…
Israel Joins the Asian Development Bank as the 69th Member Country Israel has officially joined the Asian Development Bank (ADB) as its 69th member, marking a significant milestone in the country’s economic and diplomatic relations within Asia. The formal accession took place during a ceremony held at the ADB’s headquarters in Manila, Philippines, with high-ranking…
ADB Approves $162 Million Loan to Boost Sustainable Tourism Development Introduction to the ADB Loan The Asian Development Bank (ADB) has approved a significant loan of $162 million aimed at enhancing sustainable tourism development in the Philippines. This funding is intended to support the country’s tourism sector, which plays a critical role in economic growth…
ADB and AHFL Partner to Expand Housing Loans for Low-Income Women Introduction In a significant move to enhance financial inclusion and empower low-income women, the Asian Development Bank (ADB) has joined hands with Aavas Housing Finance Limited (AHFL) to expand housing loans. This collaboration is set to make homeownership more accessible and affordable for women…
Asian Development Bank’s $2.6 Billion Sovereign Lending to India in 2023 ADB’s Financial Commitment to India In 2023, the Asian Development Bank (ADB) pledged $2.6 billion in sovereign loans to India. These funds aim to support various sectors, including urban development, power, industry, horticulture, connectivity, and climate resilience. The goal is to bolster India’s infrastructure,…
