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Mio Oka Takes Charge as ADBs New Country Director for India

The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi. Oka will oversee ADB operations in India and foster relations with the government and other development partners....

ADB Retains India's Growth Forecast At 6.4% For Current Fiscal On Robust Domestic Demand

The Asian Development Bank (ADB) on Wednesday, July 19, 2023, retained India's economic growth forecast at 6.4% for the current financial year and 6.7% for the next, saying strong domestic demand will continue to support the region's recovery, according to a ...

ADB May Look At Fresh Issuance Of 'Rupee' Denominated Bonds

ADB president Masatsugu Asakawa on Tuesday said the bank will explore the option of raising resources via rupee denominated bonds. Raising funds in local currency reduces forex volatility, he said here. "We are encouraged to increase our local currency financing to ...

ADB Forecasts China, India To Power Strong 'Growth' In '23

China's recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year, the Asian Development Bank said in a report issued Tuesday. The Manila, Philippines-based ADB's latest update forecasts an expansion of 4.8% in ...

S&P Cuts India's Growth Forecast To 7% For FY23

S&P Global Ratings on Monday cut India's economic growth forecast for current fiscal year to 7 per cent, but said the domestic demand-led economy will be less impacted by the global slowdown, according to a PTI report. S&P had in ...

ADB To Devote $14B, To Help Ease Food Crisis In Asia-Pacific

The Asian Development Bank said Tuesday it will devote at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific. The development lender said it plans a comprehensive programme of support to help the 1.1 billion ...

ADB Slashes India's FY23 GDP Forecast To 7.2%

Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures. India, however, will continue to surpass ...

ADB Clears USD 150 Million Loan For Urban Poor Housing Project in Tamil Nadu

Multilateral funding agency Asian Development Bank has approved a USD 150 million (about Rs 1,095 crore) loan for a sustainable housing project for the urban poor in Tamil Nadu. The loan to provide access to inclusive, resilient, and sustainable housing for ...

COVID-19 Could Wipe Off $4.1 Trillion From World's Economy, Warns ADB

On Friday, the Asian Development Bank said that the coronavirus pandemic could cost the global economy $4.1 trillion as it ravages the US, Europe and other major economies. The estimated impact is equivalent to nearly five percent of worldwide output based ...

ADB plans rupee denominated bonds

Delhi: Multilateral funding agency Asian Development Bank (ADB) Wednesday said it is planning to raise funds by issuing rupee denominated bonds. "We are looking at that...Offshore rupee bonds," said Narhari Rao, officer in-charge ADB India resident mission, at an event here. ...

ADB revises India's growth forecast to 5.4%

The Asian Development Bank has revised India's growth forecast from 5.6% to 5.4% in fiscal year (FY) 2012 and from 6.7% to 6.5% in FY 2013, in its latest Asian Development Outlook 2012 supplement. " India's economy remains sluggish, with ...

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