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ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risks
The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shif…
India urges ADB to scale up lending, push reforms to support developing economies
India urged the Asian Development Bank to increase its lending capacity and adopt a more transformative approach to aid developing economies facing global uncertainties. The nation emphasized the need for capital expansion measures and reforms in multilateral…
ADB should step up capital expansion measures, adopt 'more transformational approach': MoS Finance
In his address at the ADB Annual Meetings, Pankaj Chaudhary also said that the multilateral funding institution should adopt a "more transformational approach" to support sustainable and resilient regional development amid the current geopolitical challenges.
ADB will help finance $70 bn worth of projects to improve electricity-sharing, internet access across Asia-Pacific by 2035
The Asian Development Bank plans to back $70 billion in energy and digital infrastructure projects across Asia-Pacific by 2035 to improve connectivity and access. Under its power grid initiative, it aims to mobilise $50 billion to link cross-border electricit…