Asian Development Bank Current Affairs - 2020

ADB approves 3 million US Dollar to India to fight against COVID-19

Asian Development Bank has approved USD 3 million (equivalent to Rs 22 crore) grant to India from the Asia Pacific Disaster Response Fund to support India’s battle against COVID-19. Key highlights The grant is financed by the Japanese government. It will be used to seek thermal scanners, enhancement of disease surveillance and early detection, contact Read More…

India seeks 6 billion USD loans from ADB, AIIB

The World Bank has funded 1 billion USD to India to fight against COVID-19. With the COVID-19 cases increasing further, India seeks 6 billion USD from ADB and AIIB Highlights The Indian Economy is to take a major hit with the 21-day lock down. The Asian Development Bank has predicted that India’s growth rate is Read More…

Asian Development Bank Sanctions 4 million USD to members to contain Corona Virus

The Asian Development Bank is to provide 4 million USD to member countries in Asia and Pacific to contain COVID-19, the Corona Virus. The fund is being allocated for buying emergency supplies, assessing health systems, improve resilience and respond to animal human disease outbreaks. Highlights The main objective of fund allocation is to strengthen immediate Read More…

BBIN nations deliberated on MoU to implement Motor Vehicle Agreement

On February 8, 2020, the BBIN (Bangladesh, Bhutan, India and Nepal) nations deliberated MoU (Memorandum of Understanding) to implement the Motor Vehicle Agreement to regulate personal, passenger and cargo vehicular traffic. Highlights The meeting discussed on cargo and protocols to regulate passenger and cargo services. Bhutan attended the meeting as an observatory nation. The regulation Read More…

India, ADB sign $490 Mn loan for PPP to upgrade Madhya Pradesh roads

The Asian Development Bank (ADB) and Government of India has signed a $490 million loan for public-private partnership (PPP) project for upgradation of about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths, with road safety features and all-weather standards in state of Madhya Pradesh. An additional $286 million Read More…