Colombo, April 12 (IANS) The 15th Five-Year Plan (2026-2030), a 141-page document, formally adopted during China’s National People’s Congress (NPC) Two Sessions in early March 2026 appears to be a strategic blueprint for deepening Beijing’s presence across the developing world, more so in South Asia, a media report said on Sunday. The Two Sessions, which bring together the NPC and the Chinese People’s Political Consultative Conference, function as the institutional machinery through which the Co…
Latest Asian Development Bank News & Updates
New Delhi, April 11 (IANS) Amid escalating geopolitical tensions, the Asian Development Bank (ADB) has lowered Bangladesh’s economic growth forecast to 4 per cent for the current fiscal year ending in June, down from its earlier projection of 4.7 per cent, citing higher fuel prices and disruptions in global supply chains, according to a new report.According to the report by The Daily Star, the ADB has projected economic growth of 4.7 per cent for the next fiscal year (2026–27).The bank has r…
Manila, April 10 (IANS) The ongoing conflict in the Middle East has amplified global geopolitical risks and intensified downside risks for economic growth of developing Asia and the Pacific, according to a new report released by the Asian Development Bank (ADB) on Friday.The Asian Development Outlook April 2026 projected that under an early stabilization scenario, regional growth of developing Asia and the Pacific is expected to moderate to 5.1 per cent in both 2026 and 2027, from 5.4 per cent i…
New Delhi, April 10 (IANS) India is set to outpace the broader Asian region, and China, even as growth across developing Asia and the Pacific is projected to slow down over the next two years amid geopolitical headwinds, according to a report released by Asian Development Bank (ADB) on Friday.According to the ADB analysis, economic growth in developing Asia and the Pacific is projected to ease to 5.1 per cent in 2026 and 2027, down from 5.4 per cent last year, weighed by geopolitical tensions an…
Kathmandu, March 31 (IANS) India emerged as the largest bilateral donor to Nepal in fiscal year 2024–25, which ended in mid-July 2025, with the southern neighbour disbursing US$107.8 million, according to a government report. According to the Development Cooperation Report 2024–25 released by the country’s Finance Ministry, the United Kingdom came second with disbursements of US$84.2 million, while USAID ranked third with US$67.1 million.Japan provided US$58.3 million, and Switzerland disb…
Amaravati, March 28 (IANS) In a definitive move to resolve years of administrative and legal ambiguity, Chief Minister N. Chandrababu Naidu on Saturday moved a landmark resolution in the Andhra Pradesh Legislative Assembly, urging the Centre to grant statutory recognition to Amaravati as the official capital of the state.A special Assembly session was convened specifically to deliberate and pass this resolution, marking a significant step toward providing long-term stability and legal clarity to…
New Delhi, March 24 (IANS) The Asian Development Bank’s $10 billion credit to Pakistan till 2030 signalled continued multilateral confidence, but underscores the country’s heavy reliance on external support and the urgent need for structural reforms to solve institutional challenges, as per a media report.The editorial from Dawn highlighted that capital inflows alone cannot fix “institutional challenges.””The focus on integrated solutions by combining policy reforms with financing and technica…
New Delhi, March 21 (IANS) The Asian Development Bank’s (ADB) announcement of a $10 billion credit for Pakistan over five years highlights the country’s continued reliance on external funding even as its peer nations grow out of such dependencies, a new report has said.”Experts have noted that countries once considered Pakistan’s peers are now able to self-finance growth, while we need to borrow to pay for basic infrastructure development,” the report from The Express Tribune noted.The finan…
Hyderabad, March 18 (IANS) Bharat Rashtra Samithi (BRS) working president and MLA, K.T. Rama Rao on Wednesday alleged that the Telangana government was carrying out a ₹1.5 lakh crore financial scam in the name of the Musi Riverfront development project.Speaking in the Assembly during Question Hour, he said the BRS was not opposed to the rejuvenation of the Musi River, but was strongly opposed to what he alleged was ‘massive loot’.Rama Rao wanted to know from the government if the Detailed Proj…
Mumbai, March 6 (IANS) The Maharashtra government has set an ambitious target to increase the gross income of the industrial sector in the state from $123 billion to $1,500 billion by 2047.Chief Minister Devendra Fadnavis, while presenting the annual Budget for 2026–27, said the state’s new Industry, Investment and Services Policy–2025 proposes to raise the share of the industry sector in the state economy to 30 per cent by 2047.According to the Budget, Maharashtra currently tops the country…