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ADB lends $4.6 billion to India in 2021

Tags: International News

The Manila based multilateral lending agency ,Asian Development Bank has lent $ 4.6 billion to the Government of India / State governments in 2021.

  • In 2021 the  Asian Development Bank  has signed various  agreements with the Governments to fund 17 projects with a loan amount of $4.6 billion including $ 1.8 billion loan  for India's coronavirus disease pandemic response  programme.

  • Of the COVID-19-related assistance, $1.5 billion was towards vaccine procurement and $300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.

  •  Out of the $4.6 billion in loans,  $2.2-billion in loans will be provided  to the 12 state government projects .

  • It has also lent $271 million to the private sector in 2021.

  • India is the largest recipient of the  Asian Development Bank amongst all its borrower countries .

Asian Development Bank 

  • It was set up in 1966.

  • Its headquarters is at Mandaluyong City, Manila, Philippines 

  • Total member countries : 68 

  • President of ADB : Masatsugu Asakawa of Japan

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