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HomeIndiaAsian Development Bank proposes up to $25 billion development support
to India
India
ASIAN DEVELOPMENT BANK PROPOSES UP TO $25 BILLION DEVELOPMENT SUPPORT TO INDIA
IN A MEETING WITH PM MODI, THE ADB PRESIDENT ANNOUNCED THE 'MULTIFACETED'
SUPPORT FOR THE COUNTRY OVER 5 YEARS FOR AN INFRASTRUCTURAL PUSH, INCLUDING A
CONNECTIVITY PLAN AMONG OTHERS.
Shivam Patel
21 February, 2023 08:44 pm IST
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Representational image | Asian Development bank headquarters, Manila | Commons
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New Delhi: The Asian Development Bank’s (ADB) president has proposed up to $25
billion development support to India over 5 years in a meeting with Prime
Minister Narendra Modi on Tuesday, a statement from the bank said.
“ADB will provide multifaceted support for India’s key priorities,” the
statement quoted ADB president Masatsugu Asakawa as saying.
This includes support for an infrastructure push a under a connectivity plan,
support for building cities, mobilising domestic resources and strengthening
basic services in disadvantaged districts, the statement added.
Show Full Article
(Reporting by Shivam Patel in New Delhi; Editing by Alex Richardson)
--------------------------------------------------------------------------------
Also read: ADB cuts India’s growth outlook for 2019 as global risks mount
--------------------------------------------------------------------------------
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