ADB forecasts growth in developing Asia at 5.2% in 2019, 2020 MANILA, PHILIPPINES (11 December 2019) — The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors, the ADB informs on its website.
ADB downgrades developing Asia's 2019, 2020 growth forecast TOKYO. KAZINFORM The Asian Development Bank expects slower growth than expected for developing Asia this year and next, it said in a report Wednesday, citing weakening domestic investment due to external factors such as the U.S.-China trade war for its 5.2 percent expansion forecast.
ADB meets commitment to double annual climate financing to $6 billion MANILA. KAZINFORM The Asian Development Bank (ADB) has achieved a key commitment to double its annual climate investments from $3 billion in 2014, hitting a record high of more than $6 billion in climate-related financing in 2019.
PM partakes in foresight session of ADB and Kazakhstan NUR-SULTAN. KAZINFORM – Kazakhstan Prime Minister Askar Mamin and President of the Asian Development Bank (ADB) Takehiko Nakao took part in a foresight session «Development of Kazakhstan's Long-Term Competitiveness», the press service of the Prime Minister of Kazakhstan reports.
ADB to help women access affordable housing finance in Kazakhstan NUR-SULTAN. KAZINFORM The Asian Development Bank (ADB) has approved a $100 million local currency equivalent loan to help expand the lending operations of the Housing Construction Savings Bank of Kazakhstan (HSCBK), the main institution implementing government housing finance programs in the country. This will allow more than 3,000 women, particularly in the rural areas, to have access to affordable housing finance, a press release from ADB reads.
ADB-supported irrigation project to improve Kazakhstan's agricultural productivity NUR-SULTAN. KAZINFORM The Asian Development Bank (ADB) has approved a $249.8 million equivalent loan in local currency (tenge) to the Republican State Enterprise Kazvodkhoz (KVK), a state-owned enterprise dealing with water facilities, to help in the rehabilitation and improvement of irrigation networks serving 171,000 hectares (ha) of land in four provinces in Kazakhstan.
PM Mamin meets reps of major international financial institutions in Nur-Sultan NUR-SULTAN. KAZINFORM On the sidelines of the XII Astana Economic Forum, Prime Minister Askar Mamin held meetings with management of the European Bank for Reconstruction and Development, the Asian Development Bank, the Chinese CITIC Bank and the Indian Punjab National Bank, primeminister.kz reports.
Slower global demand pulls down developing Asia's growth prospects - ADB HONG KONG. KAZINFORM - Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report, Kazinform has learnt from the ADB's press service.
Kazakh PM, ADB and IDB reps debate joint projects realization in Astana ASTANA. KAZINFORM Today Kazakh Prime Minister Askar Mamin has met with representatives of the international financial institutions, namely, Asian Development Bank (ADB) Country Director for Kazakhstan Giovanni Capannelli , Islamic Development Bank's (IDB) Regional Hub Director Hisham Taleb Maarouf, and Cassandra Colbert, Regional Director for the International Finance Corporation in Central Asia, primeminister.kz reports.
ADB, Baikonyr sign deal to develop solar power in Kazakhstan ASTANA. KAZINFORM The Asian Development Bank (ADB) yesterday signed a $11.5 million loan in tenge equivalent with Baikonyr Solar Limited Liability Partnership (Baikonyr Solar LLP) to support the development of solar power in Kazakhstan and further enhance the country's energy security through increased renewable sources.
Registration opens for ADB's 52nd Annual Meeting in Fiji MANILA, PHILIPPINES. KAZINFORM Registration is now open for the 52nd Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). The Annual Meeting will be held from 1-5 May 2019 in Nadi, Fiji, marking the first time a Pacific island country will host the event.