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MULTILATERAL DEVELOPMENT BANKS
World Bank to phase out China lending by 2031The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion un...- Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministryThe Indian government has boosted its commitment to the National Investment and Infrastructure Fund (NIIF) by an additional Rs 30,000 crore...
- India remains ADB's largest private sector market; lender eyes USD 1 bn direct support in 2026India stands at the forefront of the Asian Development Bank's investment strategies as the lender aims to deploy roughly USD 1 billion in d...
- Northeast India poised to be next growth engine via sustainable agriculture and organic produce: Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman highlighted Northeast India's potential as a growth engine, emphasizing sustainable agriculture a...
- World Bank clears $1.5 billion package to boost India's structural reforms, private sector jobsThe World Bank has approved a $1.5 billion financing package for India, aimed at accelerating structural reforms and stimulating private se...
- India taps World Bank, ADB for $2.5 billion infrastructure spendIndia is in talks with the World Bank and Asian Development Bank for substantial funding. This financial support aims to boost urban infras...
- Trump's critical minerals pricing plan faces skeptical G7, divided industryAmerica's plan to control critical mineral prices faces hurdles. G7 nations and the US mining sector are divided. The proposal aims to redu...
- Manipur CM urges NITI Aayog to drive state's recovery and developmentManipur Chief Minister Yumnam Khemchand Singh urged NITI Aayog to spearhead the state's economic recovery and long-term development, emphas...
- FM Sitharaman flags global crisis spillovers, unfair burden on developing nationsFinance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing...
- TIIF to shape a new investment architecture for Central AsiaTashkent will host a major investment forum from June 16-19. This event aims to establish Central Asia as a new hub for economic growth. Th...
- ADB, StanChart ink partnership to support Indian firms across supply chainsThe Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-shari...
- RBI highlights strong banking sector health, says lenders can withstand severe shocksIn the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid...
- AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
- Without meaningful reform, effectiveness and credibility of UN will remain constrained: Jaishankar at BRICSIndia is strongly advocating for major changes in global institutions. External Affairs Minister S. Jaishankar stated that the United Natio...
- Belarus eyes deeper BRICS partnership, strengthens India ties for multipolar worldBelarus eyes full BRICS membership, seeking a multipolar world order. The nation is deepening its strong relationship with India. Key areas...
- NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bondsThe PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development B...
- Iran Foreign Minister Araghchi begins 3-day India visitIran's Foreign Minister Abbas Araghchi is in New Delhi for crucial BRICS talks, focusing on the escalating West Asian crisis and its impact...
- Crude oil prices likely to stay higher for longer: ADB Chief EconomistCrude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Infla...
- India urges ADB to scale up lending, push reforms to support developing economiesIndia urged the Asian Development Bank to increase its lending capacity and adopt a more transformative approach to aid developing economie...
- ADB should step up capital expansion measures, adopt 'more transformational approach': MoS FinanceIn his address at the ADB Annual Meetings, Pankaj Chaudhary also said that the multilateral funding institution should adopt a "more transf...
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