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Power Supply

  • NEA: 354 MW
  • Private Sector: 194 MW
  • India: 476 MW
  • Loadshedding: 265 MW
  • Demand : 1289 MW
  • Soure : NEA


IFC Create a National Strategy to Spur Financial Inclusion in Sri Lanka

IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CBSL) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka. IFC, over the course of the project,…

AIIB eyes dollar bond

The Asian Infrastructure Investment Bank (AIIB) said on Saturday that it may issue its first US dollar-denominated bond as soon as the end of June this year. Soren Elbech, treasurer of the Beijing-based multilateral development bank, said in a statement that the earliest issuance window will be "toward the end…

World Bank Approves Credit to Support Livestock Development

 The World Bank has approved a credit of US$80 million for a Livestock Sector Innovation Project. The project will support the objectives of the Government of Nepal’s Agriculture Development Strategy (ADS, 2015) which underpins the role of livestock for sustained agriculture and economic growth, poverty reduction, and improving food and nutrition security.…

IFC sees $46 billion investment potential in Nepal by 2030

Nepal offers $46 billion worth of investment opportunities by 2030 while fully meeting the national climate targets it has set under the Paris Agreement, according to a report by International Finance Corporation (IFC). The report entitled 'Climate Investment Opportunities in South Asia', which was released last week, estimates that Nepal…

ADB Appoints New Country Director for Nepal

The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as new Country Director for Nepal. Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB's Country Partnership Strategy, which aims to support the country's long-term development needs through infrastructure, human capital and private sector development,…

Bangladesh’s GDP Growth Hits 7.28 PC In FY17

Country’s economic growth reached a record 7.28 percent in the current fiscal year 2016-17 (FY17), according to Bangladesh Bureau of Statistics (BBS). The government had set a growth target of 7.2 percent for FY17 fiscal. “The GDP growth finally stood at 7.28 percent in the last fiscal, the highest ever…

Bank of China’s 1st branch launched in Pakistan

Bank of China has formally launched its operations in Pakistan, with its first branch inaugurated in Karachi on Tuesday. Bank of China Chairman Chen Siqing said it was "a great honour" for the bank to be launching in Pakistan, observing that the Karachi branch was its first in South Asia.…

Central bank injects funds

China's central bank injected 561.35 billion yuan ($84.6 billion) into the market via various tools in October to maintain liquidity. The People's Bank of China (PBC), the central bank, said 498 billion yuan was added via the medium-term lending facility (MLF) to keep interbank liquidity stable. The funds will mature…

China’s GDP to hit 6.8% in 2017: IMF

China's GDP growth will reach 6.8 percent in 2017, but the country still needs to deepen its structural reforms and address debt, the IMF said Tuesday. The world's second-largest economy showed some signs of improvement and gained further momentum in the first half of 2017, according to the IMF World…

Bank recap plan to push GDP growth to 7% in FY19: Report

The government's recapitalisation plan for public sector banks is likely to propel credit growth by up to 700 basis points to 15 per cent and as consequence push up GDP numbers to 7 per cent in the next fiscal, says a report. The government recently unveiled a Rs 2.1 lakh crore,…