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Latest News Releases


ADB $300 Million Loan to Continue Power Upgrades in India’s Assam State

ADB has approved a $300 million loan to help India’s northeastern Assam state continue its drive to eliminate power sector inefficiencies that are hurting its consumers, its world-famous tea industry, and its environment.

ADB Equity Investment to Boost Renewable Energy Pipeline in India

ADB has made an equity investment of $50 million in a leading Indian renewable energy company ReNew Power Ventures Private Limited (ReNew Power), underscoring ADB’s commitment to help India meet its clean energy targets.

ADB Investment to Improve Access to Quality Preschool Programs in Rural India

A Rs.100 million equity investment from ADB will enable Hippocampus Learning Centers (HLC) to expand its preschool programs to over 700 villages in Karnataka by 2016.

KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB, India Sign $176 Million Loan to Extend Jaipur's New Metro Line

ADB and the Government of India today signed a $176 million loan that will fund the extension of Jaipur’s first metro train line. Extending the line will reduce both congestion and pollution in the fast-growing Indian heritage city.

ADB Approved $21.02 Billion in Financing Operations in 2013

ADB approved $21.02 billion in financing operations last year, according to ADB’s 2013 Annual Report, released ahead of its 47th Annual Meeting of the Board of Governors to be held 2–5 May in Astana, Kazakhstan.

ADB Sees Steady Growth for Developing Asia

Developing Asia will extend its steady economic growth in 2014 as higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the People’s Republic of China (PRC), says a new ADB report.

Developing Asia Should Use Public Spending to Narrow Inequality

Widening income gaps are undermining decades of successful poverty reduction in developing Asia, meaning governments should proactively use fiscal policy to close gaps and promote more inclusive growth, says a new ADB report.

Indian Growth to Pick Up in 2014 But Remain Below Potential

The recent deceleration of economic growth in India appears to have bottomed out, but the economy will not reach its potential until remaining structural bottlenecks are overcome, says a new ADB report.

ADB, Gates Foundation Launch Initiatives to Spur Sanitation Innovation

ADB and the Bill & Melinda Gates Foundation are bringing together the governments of Bangladesh, India, Nepal, and Sri Lanka to create a South Asia Urban Knowledge Hub to help improve urban services, such as sanitation, in the region.