The Asian Development Bank (ADB) sanctioned $300 million of loan facility to carry forward fiscal reforms in West Bengal
Published: September 24, 2017
The Asian Development Bank (ADB) has sanctioned $300 million loan facility to continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services.
The new loan programme, which will be undertaken over two years, will carry forward reforms such as linking medium term expenditure plans to actual budgets, supported by strengthening internal audit system, and enhancements in the integrated financial management system (IFMS). Other activities under the program include improved tax monitoring and continued support for information technology systems in strengthening tax and land administration.