KATHMANDU, April 11:  The Asian Development Bank (ADB) has projected that Nepal’s economy is to grow by 3.6 percent (at market prices) in 2024.

KATHMANDU, March 16: Country representatives of the World Bank and Asian Development Bank (ADB) in Nepal have conducted consultations with leaders of various industry associations to gather feedback about ADB’s and the World Bank Group (WBG)’s engagements in Nepal.

KATHMANDU, Feb 16: Four months after awarding the contract, the delay in selecting a consultant for the Laukahi-Kakarvitta road upgradation project, worth Rs 40 billion, has caused a dilemma regarding the timely completion of work.

KATHMANDU, Dec 3: The Asian Development Bank (ADB) has launched a scheme to help assess and manage climate and disaster risks in the Hindu Kush Himalaya region.

KATHMANDU, Nov 28: Government officials deny allegations, while experts and stakeholders attribute New Delhi's hesitance to grant a new air entry route as the reason behind GBIA's failure to attract int'l airlines.

KATHMANDU, Nov 24: The Government of Nepal and the Asian Development Bank (ADB) signed an agreement for concessional loan amounting to Rs 13.3 billion (USD 100 million) for the implementation of programs of Public Finance Management and Strengthening Service Delivery.

KASKI, Nov 3:  The Asian Development Bank (ADB) is going to support more projects in Pokhara, Kaski. The bank, which has supported Pokhara's tourism, infrastructure development, and drainage, wants to invest in more projects.

KATHMANDU, Nov 2: The Asian Development Bank (ADB) has expressed its commitment to invest in the 635-megawatt Dudh Koshi reservoir type hydropower project.

KATHMANDU, June 6: The government has approved the acquisition of land in Sindhupalchok, Palpa and Nawalparasi (Bardghat Susta) districts for the construction of power transmission lines and substations to MCA Nepal.

KATHMANDU, May 17: The Asian Development Bank (ADB) has approved a $300 million loan to improve transport connectivity of the Kakarbhitta–Laukahi road in Nepal to international trade routes, particularly to India and Bangladesh.

CHITWAN, April 27: The work of undergrounding electric wires on the main highway of Bharatpur Metropolitan City, Chitwan, is underway.

KATHMANDU, April 24: Nepal has urged the Asian Development Bank (ADB) to invest in projects which are productive and capable of creating jobs.

KATHMANDU, Nov 7: The Asian Development Bank (ADB) is investing over Rs 10 billion for cultivation of walnut and fruits in the hilly region of Nepal.

KATHMANDU, Sept 21: Nepal’s economy is estimated to grow moderately by 4.7 percent (at market prices) in 2023, according to the Asian Development Bank (ADB).

KATHMANDU, Sept 14: The Asian Development Bank (ADB) on Tuesday approved US $70 million of financing to improve the livelihood and climate resilience of horticulture farmers in the hilly areas of five provinces in Nepal.

KATHMANDU, April 6: The Asian Development Bank (ADB) has projected a 3.9 percent economic growth rate for Nepal in the current fiscal year - almost half of the government-forecast rate of seven percent.

KATHMANDU, March 19: Micro, small and medium enterprises (MSMEs) have to be made free from procedural hassles and financially supported as they generate huge employment opportunities for countries like Nepal.

KATHMANDU, March 15: The Asian Development Bank (ADB) is injecting US $ 932 million in 2022 in Nepal - around four-folds of the amount disbursed in 2021.

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, OCT 13: The Asian Development Bank (ADB) is investing a total of US $ 100 billion on climate financing to its developing member countries (DMCs).

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, August 11: The government has signed an agreement with the Asian Development Bank (ADB) to receive a subsidized loan of Rs 19.58 billion to procure vaccines against COVID-19.

KATHMANDU, July 22: The Asian Development Bank (ADB) on Thursday approved a loan of US $165 million to Nepal to purchase safe and effective vaccines against the COVID-19 pandemic.

KATHMANDU, July 6: The Asian Development Bank (ADB) has appointed Arnaud Cauchois as new Country Director for Nepal.

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 30: Asian Development Bank (ADB) is providing a loan amount worth Rs 18.25 billion (156 million US dollar) for upgrading the electricity grid system in Nepal.

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.

The project aims to modernize power transmission and distribution systems

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, Dec 10: A loan agreement has been signed between Asian Development Bank and Nepal Government for four different projects today.

Asakawa elected ADB president

December 2, 2019 16:15 pm

KATHMANDU, Dec 2 : Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.

KATHMANDU, Sept 28: Nepal’s economy is likely to grow by 6.3% in the current Fiscal Year 2019/20, according to the latest projection of Asian Development Bank (ADB).

KATHMANDU, April 3: The Asian Development Bank (ADB) has estimated Nepal's economy to grow at 6.2% in fiscal year (FY) 2019 and 6.3% in FY 2020.

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 21: The Supreme Court on Thursday overturned its own three-year-old judgments that slapped jail sentences to two Agricultural Development Bank staffers convicted of defrauding the bank.

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, Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development.

ADB to provide US Dollar 343.9 million

November 20, 2018 16:06 pm

KATHMANDU, Nov 20: The Asian Development Bank has agreed to provide US Dollar 343.9 million as development assistance for two projects.

KATHMANDU, Oct 5: The Asian Development Bank (ADB) has announced to provide Nepal a loan of US$ 180 million to support improvement of East-West Highway.

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 27: Asian Development Bank (ADB) has forecast Nepal's economy to grow by 5.5 percent in Fiscal Year 2018/19.

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.

KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.

KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.

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, April 12: Asian Development Bank (ADB) has said that Nepal's economy is anticipated to grow by 4.9 percent in the FY2017/18, down from 6.9 percent of economic growth a year ago.

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.