KATHMANDU, Oct 19: Asian Development Bank (ADB) has sought to promote cleaner cooking and heating solutions to the people from developing member countries (DMCs), who are living without access to modern energy systems.
KATHMANDU, Sept 22: Owing to prevailing high infection rates of the coronavirus, the Asian Development Bank (ADB) has revised Nepal’s economic growth rate to 4.1 percent from an earlier projection of 5.1 percent in 2022.
KATHMANDU, September 21: The Asian Development Bank (ADB) on Monday approved a loan worth US $ 60 million to Nepal as an additional support for the country’s ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems across the country.
KATHMANDU, May 5: The Asian Development Bank (ADB) has launched an Asia Pacific Tax Hub, with the aim to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge-sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners.
KATHMANDU, April 28: The Asian Development Bank (ADB) has projected that Nepal’s economic growth rate will stand at 3.1 percent in the current fiscal year, which is higher than the ones forecast by similar other international institutions.
KATHMANDU, Dec 24: The government of Nepal and Asian Development Bank (ADB) signed US dollar 150 million concessional loan agreement to finance South Asia Sub regional Cooperation (SASEC) Airport Capacity Enhancement Project and US$ 40 million concessional loan and US$10 million grant for the implementation of Priority River Basins Flood Risk Management Project.
KATHMANDU, Oct 29: The Asian Development Bank’s (ADB) venture capital arm ADB Ventures has provided the Good Bricks System, a non-fired brick making solution in Nepal, a $125,000 grant to reduce the industry’s harmful impact on the environment and health. The grant gives ADB Ventures the option to make a future equity investment in the Good Bricks System.
KATHMANDU, Feb 20: The Asian Development Bank (ADB) is partnering in a new professional network launched today in Kathmandu to promote more female practitioners in South Asia’s energy and power sector.
KATHMANDU, Dec 5: Patan High Court on Sunday issued an interim order against the contract award process for expanding the Kanchanpur-Kamala road, citing discrepancy in the eligibility criteria for contract bidders .
KATHMANDU, Sept 27: The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $130 million to improve access to community-managed water supply and sanitation in 20 urban municipalities of Nepal.
KATHMANDU, Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update.
DHAKA, July 6: The Asian Development Bank (ADB) on Friday approved a grant of $100 million to Bangladesh, the first half of an assistance package to develop basic infrastructure and services for refugees from neighboring Myanmar, the bank said.
MANILA, Philippines, May 5: Nepal has sought investment from the Asian Development Bank (ADB) on major infrastructure projects that can link urban and rural areas, support the implementation of federalism, provide grants for the earthquake reconstruction efforts, and finance programs to achieve Sustainable Development Goals (SDGs).
KATHMANDU, Mar 1: Women, the poor and excluded groups face various structural barriers in fully benefiting from Nepal’s energy sector, according to a new report of the Asian Development Bank (ADB). The recently released report entitled ‘Gender Equality and Social Inclusion Assessment of the Energy Sector’ assesses the status of energy access in Nepal, and their implications for women and the socially excluded.
KATHMANDU, Sept 25: The Asian Development Bank’s (ADB) Board of Directors has approved a $150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far west.
KATHMANDU, Sept 11: The Government of Nepal has signed an agreement with the Asian Development Bank to receive a loan of US$ 150 million (approximately Rs 15 billion) to implement electricity transmission lines and distribution efficiency enhancement projects. Likewise, the ADB has also provided grants of US$ 2 million from the Japan Fund for Poverty Reduction to the government of Nepal.
KATHMANDU, September 10: The Asian Development Bank (ADB) has agreed to provide 152 million US dollars for the implementation of Power Transmission and Distribution Efficiency Enhancement Project. Of the total amount, 150 million USD is concessional OCR loan and two million USD is from Japan Fund for Poverty Reduction.
KATHMANDU, July 10: Asian Development Bank (ADB) is providing Nepal US$ 21 million in policy-based loan to support the government's efforts to simplify, harmonize, and modernize the country's trade processes to meet international standards.
KATHMANDU, June 22: Officials of the Asian Development Bank (ADB) have expressed concern about the management indecision shown by the new implementing bodies of several projects that used to be managed by District Development Committees.
YOKOHAMA (Japan), May 5: Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara reached Japan today morning to attend the 50th annual meeting of the Asian Development Bank (ADB) Board of Directors.
Kenichi Yokohama, chief of the Asian Development Bank (ADB) Nepal Representative Mission (NRM), has completed his tenure in Nepal. He is moving to New Delhi, India for his next assignment. Before flying to New Delhi to take over his next assignment, Yokohama talked with Kuvera Chalise of Republica on his experiences in Nepal, ADB-funded projects and the long-awaited Melamchi Water Supply Project. Excerpts:
KATHMANDU, Mar 1: Infrastructure needs in developing Asia and the Pacific will exceed $22.6 trillion through 2030, or $1.5 trillion per year, if the region is to maintain growth momentum, according to a new flagship report by the Asian Development Bank (ADB) published on Tuesday.