The government Tuesday signed an agreement with Asian Development Bank (ADB) for a $60 million loan to improve urban services, including water supply and urban transport infrastructure, in the two key cities of Jammu and Kashmir.
Andhra Pradesh government on Wednesday said the World Bank and Asian Development Bank have offered assistance for rehabilitation of people and construction of infrastructure affected by devastating cyclone 'Hudhud' which hit the north coastal districts of the state in October.
Moderate faction of Hurriyat Conference led by Mirwaiz Umar Farooq today appealed to?the world community and financial institutions like Islamic Development Bank, Asian Development Bank and World Bank to extend support in rebuilding flood-hit Jammu and Kashmir.
International funding agencies, the World Bank and the Asian Development Bank, have assured a financial assistance of USD 313 mn to Odisha government for restoration and rehabilitation activities in cyclone Phailin hit areas.
Soaring food prices, which averaged 10 percent in many economies this year, can push close to 30 million Indians and 64 million people in the Asian region into extreme poverty, an ADB report said Tuesday.