Tue, 21-Oct-2025

Worst is not Over: Global remittances to fall by $108.6 bn, warns ADB

ADB

The Asian Development Bank (ADB) has warned that Global remittances will fall by 108.6 billion dollars if the Covid-19 economic impact persists throughout the year A Recent report by ADB said Remittance receipts in Asia and the Pacific will fall by 54.3 billion dollars, equivalent to 19.8 percent of remittances in 2018. By sub-region, remittances in … Read more

ADB approves immediate release of $50 million for Pakistan

ADB

Asian Development Bank (ADB) to immediately release $50 million for Pakistan in an effort tofend off the deadly coronavirus. ADB to approve an immediate grant of $50 million for Pakistan amidst COVID-19 crisis.  An official statement by the global money lending body said that the grant will exclusively given to the country’s National Disaster Management … Read more