ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.
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Updated Thu 00:00
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What happened
ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.ADB downgraded Bangladesh's growth forecast amid shared energy, weather, and trade headwinds.1 source
- The Asian Development Bank is expanding its support for Pakistan's reform agenda, focusing on sustainable growth and job creation.Sub-event
ADB releases economic outlook projections for Pakistan, South Asia, and Bangladesh.1 source
Keep exploring
Part of
ADB is exploring funding for Pakistan Railways modernization, while the Senate questioned the Economic Affairs Division.Also in this story
- Railways is reluctant to take full debt responsibility during a financing meeting chaired by Ahsan Iqbal.
- ADB and the Government of Pakistan are coordinating on the ML-1 railway project in Pakistan.
The entities involved
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
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Pakistan
sovereign state in South Asia
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South Asia
southern region of Asia
Related events
- ADB supports Bangladesh's goal of achieving a trillion-dollar economy by 2034.
- ADB commended Pakistan's macroeconomic stabilization efforts and offered potential financing for strategic infrastructure projects.
- The Asian Development Bank raised its growth outlook for the South-east Asia region on September 22nd.
- Gilgit-Baltistan is seeking the assistance of the Asian Development Bank (ADB) to develop an export strategy and protect its growth within the context of Pakistan's overall development agenda.
- ADB supports India's infrastructure financing needs.