The Asian Development Bank (ADB) to increase annual lending to India to a maximum of $4 billion for 2018-22
The Asian Development Bank (ADB) will increase its annual lending to India to a maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle income status.
The ADB’s programme in India will focus on three main pillars of activity during the 5-year period: boost economic competitiveness to create more and well-paid jobs, improve access to infrastructure and services, and address climate change and improving climate resilience. The new lending programme, which includes private sector operations, is much higher than the average $2.65 billion a year in loans extended during 2012 and 2016.
Topics: Asian Development Bank • Banking • Climate change mitigation • Climate resilience • Economy • Environmental impact of agriculture • Environmental justice • Financial services • Multilateral development banks • United Nations General Assembly observers