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Multilateral Development Banks

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Pak turns to ADB for $7 bn railway funding after China backs out

Pakistan approached the Asian Development Bank for a $7 billion loan to upgrade a major railway line after China apparently declined to support the project, a report said on Thursday. IMAGE:......

Is Pakistan's Rise Wake-Up Call For India?

New Delhi might have loudly welcomed an age of multipolarity, hedging and strategic autonomy. But it seems the winner in that game is Islamabad, not us, points out Mihir S Sharma. IMAGE: US......

Why Did IMF Loan Pakistan Money During War?

It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra. Illustration: Dominic......

'Incredible': Why Trump praised Munir and Sharif

United States President Donald Trump has said Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir back his plan to end the Gaza conflict "100 per cent", as he listed them among the......

After IMF, India to oppose World Bank's $20 bn loan to Pak

India will next month oppose the World Bank funding to Pakistan, just as it had done in the case of the International Monetary Fund, arguing that Islamabad had used such funds in the past to......

Modi keen on early opening of New Development Bank's office in India

Modi also urged the BRICS Business Council to create a roadmap to achieve the $500 billion intra-BRICS trade target by the next summit. Prime Minister Narendra Modi on Thursday urged for the early......

India eyes 10% of global green hydrogen exports by 2030: Minister

India is aiming to become a global hub for green hydrogen exports, eyeing nearly 10 per cent of the worldwide demand by 2030, Union Minister Shripad Yesso Naik said on Tuesday. Photograph: Benoit......

New Development Bank: A good move for infrastructure financing

Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.  There's no reason to be euphoric, as some people in their......

Modi's Budget agenda: Jobs, farm productivity, funds for infr

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra......

New Development Bank to set its own standards; no rivalry issues: Kamath

Setting "ambitious targets" for himself as the first chief of $ 100-billion New Development Bank (NDB), eminent banker K V Kamath on Wednesday said it will bring about a change in the way......

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