- Policymakers are monitoring the impact of the ongoing Iran conflict in the Middle East, which is also factoring into forecasts regarding China's industrial production growth.
- Policymakers are monitoring the impact of the ongoing Iran conflict in the Middle East, which is also factoring into forecasts regarding China's industrial production growth.
- Middle East conflict pressures member economies, according to the Asian Development Bank.
- The Asian Development Bank launched a fund to address energy market vulnerabilities amid global conflict.
The Asian Development Bank is deploying $450 million and providing loans to help Sri Lanka protect poor households and create jobs amid conflict-driven economic pressures.
3 reports, 1 independent
Updated Jul 31
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What happened
The Asian Development Bank is deploying $450 million and providing loans to help Sri Lanka protect poor households and create jobs amid conflict-driven economic pressures.
Who's involved
What this event is mainly aboutKeep exploring
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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Sri Lanka
island country in South Asia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- ADB hosted discussions regarding Sri Lanka's financing gaps.
- ADB provides development finance and grants to the Pacific Islands region.
- ADB supports India's infrastructure financing needs.
- Sri Lanka is currently under an IMF bailout program, and the ADB, a Manila-based multilateral lender, projects slower economic growth and higher inflation.
- The Asian Development Bank raised its growth outlook for the South-east Asia region on September 22nd.