ADB pegs India's GDP at 7.8%, sees reforms delay as risks

Last Updated: Thursday, July 16, 2015, 14:46

Indian economy grew 7.3 percent in 2014-15.

Asian Development Bank cuts Asia, China growth forecasts

Last Updated: Thursday, July 16, 2015, 09:45

Developing Asia is now expected to grow 6.1 percent and 6.2 percent this year and in 2016 against the ADB`s March forecast of 6.3 percent for both years.

China to hold some veto powers in new Asian bank

Last Updated: Monday, June 29, 2015, 16:00

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers.

50 nations, including India, sign agreement on China-led AIIB

Last Updated: Monday, June 29, 2015, 12:29

The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia.

57 countries hold signing ceremony to set up China-led bank: AFP

Last Updated: Monday, June 29, 2015, 07:46

The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday.

ADB to increase India lending to $12 bn by 2018

Last Updated: Tuesday, June 16, 2015, 22:54

Asian Development Bank president Takehiko Nakao on Tuesday said the bank is looking to increase exposure in India, especially in infrastructure, skill development and urban services, and proposes to increase lending to the country by almost half to $12 billion by 2018.

ADB to increase India lending by 50% to $12 bn by 2018

Last Updated: Tuesday, June 16, 2015, 18:18

Answering question on India's growth prospects, Nakao said the country's growth rate is expected to exceed that of China in this year.

ADB appoints two vice-presidents in different roles

Last Updated: Monday, June 8, 2015, 14:10

Philippines-based Asian Development Bank (ADB) has appointed Diwakar Gupta and Bambang Susantono as vice-president in two different roles.

Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB

Last Updated: Thursday, May 21, 2015, 17:08

Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.

Japan, China may discuss AIIB during finance talks June 6

Last Updated: Thursday, May 21, 2015, 09:43

Japanese and Chinese finance officials will hold talks on June 6 in Beijing to discuss ways to promote cooperation between the two countries and may exchange views on the China-led Asian Infrastructure Investment Bank (AIIB), Japanese officials said.

ADB to finance $6 billion in Pakistan infrastructure projects

Last Updated: Tuesday, May 12, 2015, 19:33

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan`s dilapidated power network and other key infrastructure, Islamabad said.