New Delhi, April 30 (IANS) Cambodia’s Minister for Mines and Energy and Third Vice-Chairman of the Council for the Development of Cambodia, Keo Rottanak, has praised Prime Minister Narendra Modi’s vision for global partnerships, saying it would benefit not just bilateral ties but also the wider region and the world.In a conversation with IANS on the sidelines of the Resilient Futures Summit 2026, Rottanak said that PM Modi offers a world with a broad vision of partnership and Cambodia would …
Latest Asian Development Bank News & Updates
Kathmandu, April 28 (IANS) Nepal’s prolonged sluggish economic growth is likely to continue in the current fiscal year 2025-26, with the National Statistics Office projecting growth at 3.85 per cent on Tuesday. Though this is slightly higher than the government’s revised projection of 3.5 per cent made in February, it reflects the continuing low-growth trajectory since Covid-19 struck the country in fiscal year 2019-20, when the economy contracted by 2.37 per cent.Nepal’s Finance Ministry stat…
New Delhi, April 25 (IANS) Prime Minister Narendra Modi on Saturday said that NITI Aayog has emerged as a vital pillar in India’s policy-making architecture, fostering cooperative federalism, furthering reforms and boosting ‘Ease of Living.’It serves as a dynamic platform for innovation and long-term strategic thinking across sectors, said Prime Minister as he congratulated Ashok Kumar Lahiri on becoming the Vice Chairman and other full-time members.“The Government has reconstituted the …
New Delhi, April 25 (IANS) Newly appointed Niti Aayog’s Vice Chairman, Dr. Ashok Lahiri, on Saturday met with Prime Minister Narendra Modi in the national capital.This meeting took place a day after assuming charge, marking his first official engagement in the role.Following the meeting, Lahiri, who is also a BJP MLA from West Bengal and a renowned economist, shared the details on social media platform X.”Today, I met with the Prime Minister, Narendra Modi,” he wrote on X.Lahiri had succeeded …
Kolkata, April 25 (IANS) In a development with strong Bengal resonance, outgoing West Bengal Bharatiya Janata Party Member of Legislative Assembly and noted economist Ashok Kumar Lahiri has been selected to become the next vice-chairman of NITI Aayog, according to people familiar with the matter. His appointment, once formalised, will make him the effective head of the government’s premier policy think tank, as the chairpersonship is held by the Prime Minister by default. Lahiri will succeed S…
Islamabad, April 21 (IANS) The International Labour Organisation (ILO), a specialised United Nations agency, has stated that an employment and livelihoods loss assessment has been undertaken by it for 14 of the worst-affected districts of Punjab and Khyber Pakhtunkhwa, local media reported on Tuesday. The flood-affected districts of Punjab province bore the majority of employment losses and disruption, according to the assessment of the ILO. Almost 78 per cent of the total estimated employment l…
New Delhi, April 19 (IANS) With an aim to reduce dependency on China for critical minerals, Group of Seven (G7) countries have agreed to step up cooperation with resource-rich countries and multilateral development banks, according to reports.Japan-based The Mainichi national daily reports that finance ministers reached the agreement at a meeting in Washington, DC. The meeting was attended by mineral-producing countries, including Argentina, Australia, India, Indonesia, South Africa and South Ko…
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…
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…