Indian-American Swati Dandekar nominated Asian Development Bank's Executive Director by Barack Obama

Indian-American politician from Iowa Swati Dandekar has been nominated as Executive Director to Asian Development Bank with ambassadorial rank by US president Barack Obama.

ADB to double annual climate financing to $6 billion
ADB to double annual climate financing to $6 billion

The Asian Development Bank is to double its annual lending for climate change adaptation to USD 6 billion by 2020, the Philippines-based lender said.

ADB revises down regional growth as China and India slow
ADB revises down regional growth as China and India slow

Weaker growth in China this year is expected to cause a slowdown in the rest of Asia, the Asian Development Bank said Tuesday as it became the latest major body to revise down its forecasts for the world`s number two economy.

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.


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

Indian economy grew 7.3 percent in 2014-15.

Asian Development Bank cuts Asia, China growth forecasts

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.

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

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

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
ADB to increase India lending to $12 bn by 2018

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

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

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

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

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

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.

FM Jaitley to leave for Azerbaijan on Sunday to attend ADB meet

The four-day 48th annual meeting of the ADB began on Saturday.

ADB says will maintain standards when cooperating with AIIB

The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars.

Aid groups, celebrities seek funds for Nepal quake; experts urge caution

Governments, aid agencies and celebrities on Monday intensified a push for funding to help survivors of a deadly earthquake in Nepal as the risks posed by a lack of food, water and shelter escalated hourly.

Proposal send to ADB to fund project to track char dham yatra pilgrims: Govt

Uttarakhand government has sent a proposal to the Asian Development Bank requesting it to fund a project introducing radio frequency identification technology to track pilgrims in case of a crisis on char dham yatra route.

China-led AIIB will be lean, clean and green: Official

The bank has seen more than 40 prospective founding members by Saturday, with Spain, South Korea and Austria as the most recent prospective founding members.

Taiwan welcome to join AIIB under an "appropriate name": China

 In a surprise move, China today said it welcomed Taiwan's application to join the Asia Infrastructure Investment Bank under an "appropriate name," a day after the cash-rich island, which China views as a rebel province, applied to join the Beijing-backed institution.