Latest Updates Around The World
Piramal Finance Limited has secured $350 million in multilateral financing from the International Finance Corporation and the Asian Development Bank, marking the non-banking financial company’s first loan from development finance institutions. The company announced the financing today. The package includes $200 million from IFC and $150 million from ADB under the Sustainable Finance Framework. Both […]
The Asian Development Bank on Thursday signed agreements with Pakistan for two major projects worth $730 million to support the country’s energy infrastructure and institutional reforms. Muhammad Humair Karim, secretary of the Department of Economic Affairs, and Emma Fan, country director of the Asian Development Bank, signed documents during an agreement ceremony. The agreements include […]
Loan agreements were signed for the Maharashtra Power Distribution Enhancement Program for Agricultural Solarisation, the Indore Metro Rail Project and the Gujarat Skills Development Program. The Government of India and the Asian Development Bank (ADB) have signed agreements for three loans worth more than $800 million for projects in Maharashtra, Madhya Pradesh and Gujarat. Accordingly, […]
Improving relations will not only help India, but also China, says Albert F Park, chief economist at Asian Development Bank. In an interview with linePark emphasized the very robust domestic demand from India, strong public investments and now more private investments. ADB has maintained the GDP growth rate at 6.5 percent of FY26, but the […]
The Asian Development Bank is set to finance improvements on the railway infrastructure of Pakistan, which takes over China after long -term delays in securing Chinese financing that runs the risk of influencing a crucial mine company cited by Reuters.The first plan for renovating 1,800 km of railways was an important part of the Chinese […]
