Punjab is a mid-sized state in India with a population of 28 million. It has a primarily agriculture-based economy that has long served as India’s granary and ensured the country’s food security. Despite its glowing past, the state economy, as of program appraisal, had been slowing down for over a decade because of high fiscal stress.
Fact-finding mission by the Asian Development Bank (ADB) in the aftermath of the March−June 2014 severe flooding in northern Afghanistan revealed extensive losses to rural infrastructure, but it was not possible to visit some areas and undertake a comprehensive assessment because of security issues. To support the government's efforts to rehabilitate the damaged irrigation and road infrastruct
In October 2014, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Clean Energy Finance Investment Program for India. The MFF was to be extended to a financial intermediary, the Indian Renewable Energy Development Agency Limited (IREDA), categorized by the Reserve Bank of India as a non-deposit-taking systemically important nonbanking financ
The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year; for investments to reach 22% of GDP by 2016, compared to 19.7% during 2011–2013; and for extreme poverty to decline to 17% by 2016 from 33% in 1991. However, years of underinvestment in infrastructure had put the Philippines at a competitive disadvantage compar
Uzbekistan is a double landlocked country; however, with three Central Asia Regional Economic Cooperation (CAREC) corridors crossing its territory, it is a key transit country for trade in Central Asia. Roads and railways are the dominant modes of transport, with railways vital for the bulk haul of minerals and freight, and intercity passenger services in urban areas.
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