Latest Asian Development Fund News & Updates

Manila, June 28 (IANS) The Asian Development Bank (ADB) approved a 13-million-USD financing package to help Bhutan strengthen resilient urban infrastructure and expand affordable rental housing for low-income and vulnerable households.The package comprises a $5 million concessional loan and an $8 million grant, the bank said in a statement on Saturday.Bhutan’s rapid urbanisation has outpaced infrastructure development, leaving economically disadvantaged households vulnerable to flooding, landsli…