Thursday, 28 October 2021

Tag Archives: Asian Development Bank

Masatsugu Asakawa elected as ADB new president

Masatsugu Asakawa has been unanimously elected as the new president of the Asian Development Bank (ADB) by its board of governors. Mr Asakawa, 61, special advisor to Japanese Prime Minister Shinzo Abe and also the finance minister, will assume office as ADB’s 10th President on Jan. 17, 2020. He will ...

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Asia’s economic outlook dims as trade and investment weaken: ADB

KARACHI: Economic growth in developing Asia remains robust but prospects have further dimmed and risks to the region’s economies are rising as trade and investment weaken, according to Asian Development Outlook (ADO) 2019 Update, the Asian Development Bank’s (ADB) flagship economic publication. The report forecasts economic growth in the 45 ...

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Asian Development Bank raises $1 billion funding for Pakistan

MANDALUYONG: The Asian Development Bank (ADB) has increased funding amount for Pakistan by one billion dollars to support its energy sector, including hydropower and electricity generation programmes. Thereby, Pakistan will get $8 billion instead of $7 billion from the ADB. The programme has also been extended for improving Pakistan Railways’ ...

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Pakistan, Asian Development Bank sign $284m loan, grant deals

ISLAMABAD: The Pakistani government and the Asian Development Bank (ADB) signed loan and grant agreements worth $284 million to improve Pakistan’s power transmission network. The agreement was signed by ADB Country Director for Pakistan Ms Xiaohong Yang and Secretary of the Economic Affairs Division Mr Noor Ahmed at a ceremony ...

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