To counteract the harmful consequences of plastic pollution, the United Nations Development Programme wants to nearly increase its plastic waste management to 100 cities in India by 2024.  The lack of systematic waste management in India’s many towns and cities, which are frequently named among the world’s most polluted, contributes to rampant littering andContinue Reading

The graduation of two additional South Asian countries, Nepal and Bangladesh, into the category of “developing countries” is a significant step forward for these two nations. The UN General Assembly’s acceptance of the Economic and Social Council’s Committee on Development’s recommendation that these two countries (and Laos), previously classified asContinue Reading

Tokyo Gas Co Ltd, a Japanese city gas distributor, announced on Friday that it will spend 2 trillion yen ($17.5 billion) on cleaner fuels including hydrogen and renewable energy by 2030, with the goal of tripling its profit to 200 billion yen.  Tokyo Gas expects to make a profit ofContinue Reading

India has been accepted for a USD 1.5 billion (about Rs 11,185 crore) loan from the Asian Development Bank to purchase the COVID-19 vaccine. An additional USD 500 million is expected to be co-financed for the project by the Asian Infrastructure Investment Bank (AIIB).  The loan will cover at least 66.7 crore COVID-19 vaccineContinue Reading

The Asian Development Bank (ADB) approved a $600-million policy-based loan on Friday to assist the Philippines in providing high-quality, equitable health care.  The loan is part of the multilateral development bank’s “Build Universal Health Care Program,” which aims to boost the Philippine government’s efforts to improve the delivery and fundingContinue Reading

With the permission of the host government, UN Secretary-General Antonio Guterres named Shombi Sharp of the United States as the UN Resident Coordinator in India.  Mr. Sharp has spent more than 25 years of his career working to promote equitable and sustainable development around the world, and he brings to this new post knowledgeContinue Reading

The Asian Development Bank (ADB) has unveiled a new project in the Philippines called the Asia-Pacific Climate Finance Fund to provide climate-smart insurance for micro, small, and medium-sized enterprises (MSMEs) (ACliFF).  The climate-smart insurance initiative is the Vulnerable Twenty Group’s (V20) new Sustainable Insurance Facility’s (SIF) inaugural project.  MSMEs are underservedContinue Reading

On November 9, 2021, the WePOWER India Partnership Forum, held via a virtual platform, kicked off efforts to grow up the South Asian Women in Power Sector Professional Network (WePOWER) in India. 168 top energy sector stakeholders were present for this crucial event. The World Bank and the Asian Development Bank co-hostedContinue Reading

India is faced with a difficult decision that will have global ramifications. In the future decades, no country’s energy needs are predicted to expand faster than India’s. Even with the most hopeful estimates, dirty coal power will be required to meet a portion of the demand a major source ofContinue Reading

The World Bank and the Asian Development Bank, two key multilateral organizations, are looking into ways to sell more loans to Pakistan, and their senior-level delegations met with several cabinet members back-to-back on Tuesday.  As a result of these discussions, the ADB has formally provided another $700 million loan forContinue Reading