Asian Development Bank : In News
The Government of India and the Asian Development Bank (ADB) signed two crucial loans aimed at strengthening India’s infrastructure and supporting sustainable growth.The USD 500 million loan aims to finance green and sustainable infrastructure projects aligned with India’s climate commitments, particularly focusing on connectivity, energy transition, and under-resourced sectors like urban projects, education, and healthcare.The loan, with a sovereign guarantee, will be provided to the India Infrastructure Finance Company Limited (IIFCL).
