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Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected…
Photo used for representation purpose only. | Photo Credit: Reuters India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product (GDP) is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank…
Read More “ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year” »
The ADB’s growth forecast for India for FY25 is in line with the projections made by the Reserve Bank of India. | Photo Credit: REUTERS The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will…
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday, February 26. | Photo Credit: AP A European Union plan to impose tariffs on high-carbon…
Read More “EU carbon border tax will do little to cut emissions: ADB study” »
A view of the Asian Development Bank. | Photo Credit: Reuters Sri Lanka’s cabinet approved a $200 million loan from the Asian Development Bank (ADB), the Media Ministry said in a statement on September 26, as the country focusses on rebuilding its crisis-hit economy. The funds will be obtained in a five-year loan to help…
Read More “Sri Lanka cabinet approves $200 mln loan from Asian Development Bank” »
The Bank expects growth to be propelled by “robust domestic consumption as consumer confidence improves, and by investment including large increases” in government capital expenditure. File. | Photo Credit: REUTERS The Asian Development Bank (ADB) on September 20 pared its growth forecast for India’s economy to 6.3% for this year, from 6.4% estimated earlier, citing the…
Read More “ADB moderates India GDP growth hopes this year to 6.3%” »
