News on AIR

ADB predicts 6.5 percent GDP growth for Bangladesh in FY 2024

Asian Development Bank (ADB) has projected Bangladesh’s gross domestic product (GDP) growth to be 6.5 percent in the fiscal year 2024, compared to an estimated growth of 6 percent in fiscal 2023. The projection was made in the latest ADB report, ‘Asian Development Outlook (ADO) September 2023,’ released on Wednesday. The slightly faster growth forecast reflects an improvement in domestic demand and better export growth due to economic recovery in the euro area, ADB said in a pr...

July 27, 2023 7:40 PM

India, ADB sign 295 million dollar loan agreement to upgrade around 265 Km State highways in Bihar

The Government of India and Asian Development Bank (ADB) today signed a 295 million dollar loan agreement to upgrade around 265 kilometer State highways in Bihar. The project supports the government of Bihar’s programme to upgrade all State highways to standard two-lane widths and improve road safety. The improved roads will enhance connectivity in some of Bihar's poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives. The pr...