Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, November 18, 2017 07:54:37 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

ADB operations reach record high in 2016

By
10th-Jan-2017       
Comments
Share your thought
Post a comment »
Read all () »

Xinhua, Manila :
The Asian Development Bank (ADB) said on Monday that its operations for Asia and the Pacific reached an all-time high of 31.5 billion U.S. dollars in 2016, a 17 percent increase from 26.9 billion dollars in 2015.
The Manila-based bank said approvals of loans, grants, technical assistance, and co-financing have been growing steadily over the years as development needs in the region continue to rise.
"The increase in our development financing to Asia and the Pacific is reflective of our strong commitment to reducing poverty and improving people's lives in the region," said ADB President Takehiko Nakao.
"Asia is growing at a steady pace, but more needs to be done to achieve development that is both sustainable and inclusive," Nakao said.
Nakao said that the region continues to face many challenges such as implementing the Sustainable Development Goals, climate change, increasing inequality, rapid urbanization, aging, and disaster risk management.
For the period 2017-2020, a successful Asian Development Fund (ADF) replenishment, concluded in May 2016, would allow ADB to substantially increase support to the region's poorest countries, the bank said.
"Total disbursements of ADB loans and grants reached 12.5 billion dollars in 2016 - the highest ever. This strong performance is tied to the reforms ADB has implemented to fast track procurement and implementation processes," the bank said.
It said co-financing also expanded, reaching 13.9 billion dollars in 2016 from 10.7 billion in 2015, a growth of 29 percent.
"Some of the strong partnerships ADB undertook in 2016 include co-financing with the Asian Infrastructure Investment Bank for a road project in Pakistan and natural gas project in Bangladesh," the bank said.
Agreements were also signed with other development partners including an innovative guarantee agreement with the Swedish International Development Cooperation Agency to increase ADB financing by 500 million dollars over the next 10 years, among others.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Questions over holding tax


THE government moves to increase holding tax in Dhaka and Chittagong cities by up to nine times at a time seems to be highly arbitrary that lacks reasonable justification anyway to be acceptable to the both city dwellers. People are voicing angry reaction to such move and we must say ...

City »

Dr. Debapriya Bhattacharya, Distinguished Fellow, Center for Policy Dialogue, handing over award to a winner of 1st Inter-University Undergraduate Research Symposium held at United International University (UIU) orgainsed by School of Business and Economics of UIU on Thursday.


.

Entertainment »

Sonam is all praise for Padman Akshay Kumar


On Wednesday Akshay shared two stills of his upcoming movie Poster featuring himself along with Sonam Kapoor and Radhika Apte. Sonam Kapoor who is also playing a pivotal role in the movie also took to Twitter and shared the look of her character. Sonam wrote, “Such a pleasure working with ...

International »

Russia casts 10th UN veto on Syria action, blocking inquiry renewal


Reuters, United Nations :Russia cast its 10th veto on Thursday of United Nations Security Council action on Syria since the war began in 2011, blocking a U.S.-drafted resolution to renew an international inquiry into who is to blame for chemical weapons attacks in Syria.The mandate for the joint inquiry by ...

Sports »

A scene from the matches of the Saif Powertec 43rd National B Chess Championship at Bangladesh Chess Federation hall-room on Thursday.


.

Editorial »

Accountability must be established in large tax-payers units


THE New Nation reported that the Large Tax-payer Unit (LTU) has geared effort to realize over Tk 23,000 crore in arrear value added tax (VAT) from four state-owned entities --- Petrobangla, Titas Gas, Bakhrabad Gas Company Limited (BGCL) and Bangladesh Telecommunication Regulatory Commission (BTRC). As the row between National Board ...

Entertainment »

Janhvi Kapoor-Ishaan Khatter`s new `Dhadak` poster is refreshing!


Filmmaker Karan Johar has been treating fans with many first looks of Janhvi Kapoor and Ishaan Khatter's Bollywood film 'Dhadak'.On Thursday morning, KJo shared another poster featuring the two leads where we can see Janhvi donning a colourful lehenga choli while Ishaan is seen wearing a bandhni shirt.The movie will ...

City »

Family members and friends of Faria Ferdousi Tamanna, a student of Fashion Designing Department of Shanta-Mariam University of Creative Technology formed a human chain in front of the Jatiya Press Club on Thursday demanding arrest of the person involved in inciting Faria to commit suicide.


.

International »

Trump defends Asia trip, vows `maximum pressure` on N Korea


AFP, Washington :US President Donald Trump hit back at critics of his recent Asia trip and vowed a global campaign of "maximum pressure" on North Korea Wednesday, warning Pyongyang will not subject the world to "nuclear blackmail."Defending an almost two week trip to Asia that was long on pomp but-critics ...

Weekend Plus »

Get healthy skin this winter with these tips


Weekend Plus Desk :Get your hands on rose water, olive oil and egg yolk mixture and more to have beautiful skin even during winter which robs moisture from you. Naresh Arora, Founder of Chase Aromatherapy Cosmetics, and Nalin Verma, Co-Founder and Director, Euro Chroma Institute of Cosmetology, have a few ...

Weekend Plus »

Pink cheese is the latest thing to get foodies all excited


Weekend Plus Desk :Looks like millennial pink has reached an all-time high. The dusty salmon hue already had a strong influence in the world of fashion, beauty, interiors, vodka, gin and most recently, the pink chocolate, but looks like there's no end to this. A British company called Great British ...

Editorial »

Killing of a businessman in city


AMIDST the rising number of killings across the country without law enforcers' 'knowledge', killing of a businessman by gun shoot in the city's high-security Banani area by an unidentified assailants on Tuesday has exposed how insecure businessmen and city dwellers are in their daily life. It also proves government's utter ...

Entertainment »

Deepa Khondokar’s new TVC, serial


Sheikh Arif Bulbon :Now-a-days, popular model and actress Deepa Khondokar performed a TV commercial of powder mixture for cooking is being aired in different satellite channels where a dialogue titled Aamar sathey chalaki cholbe na has become popular among all.  This TVC brought her into limelight. It was directed by ...

City »

The Golden Jubilee of Dhanmondi Lions Club was celebrated at Army Golf Club in the city recently. PIDs Ramaswamy and Moslem Ali khan , ID Endorsee Quazi Akramuddin Ahmed and Council Chairperson MK Basher seen with the souvenir in the picture.


.

International »

Saudi Arabia has `detained` PM Hariri :Lebanon President


AFP, Beirut :Lebanon's President Michel Aoun on Wednesday accused Saudi Arabia of having "detained" Prime Minister Saad Hariri, who announced his resignation in a statement from the kingdom earlier this month."Nothing justifies the failure of Prime Minister Saad Hariri to return for 12 days, therefore we consider him to be ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news