Proceeds from ADB can be used to finance the purchase of BS VI compliant and electric vehicles, specifically by women entrepreneurs, cater to under-developed states of the country, and improve the status of underserved communities in India
Bangladesh's request for additional budget support of $1 billion from the World Bank is unlikely to come through this fiscal year, dashing the government's hope of meeting a portion of the budget deficit with cost-effective funding.
The Philippine government and the Asian Development Bank (ADB) have signed a loan agreement for the first tranche of the $4.3-billion financing for South Commuter Railway project, the southern leg of the North-South Commuter Railway (NSCR) project, connecting Metro Manila and Calamba, Laguna.