Focus Merit

Tag: Asian Development Bank

ADB to rise COVID-19 package to $20 billion

April 15, 2020
ADB
  • The Asian Development Bank (ADB) has boosted the size of its COVID-19 Response Package to $20 Billion.
  • The amount in the COVID-19 Response Package was $6.5 billion in starting as per announcement in March 2020 as ADB’s response to the COVID-19.

Global Economy can suffer a loss of USD 4 Trillion due to COVID-19: ADB

April 4, 2020
ADB
  • Due to Global Coronavirus Pandemic, Asian Development Bank(ADB) has projected that the global economy can suffer a whooping loos of USD 4 trillion as most of the countries are under partial/complete lockdown and the substantial decrease in import/export of countries. 

Affordable housing firm Aavas receives $60m ADB loan

April 1, 2020
Asian Development Bank (ADB)
  • The Asian Development Bank (ADB) has inked an agreement to lend up to $60 million to Aavas Financiers Ltd, a housing finance company in India, to enhance access to housing finance for lower-income borrowers, especially women.

ADB to fund USD 100 million in the Indian’s Infrastructure sector via NIIF

March 30, 2020
ADB
  • Multilateral institution Asian Development Bank (ADB) on Monday declared a USD 100 million investment for the Indian infrastructure sector through the National Investment and Infrastructure Fund’s (NIIF).
  • The investment declaration comes at a crucial time for India, whose economic growth is weakening due to the COVID-19.