Live
- First Impressions and Unboxing of the MacBook Pro M4: A Powerhouse for Professionals and Creators
- China Gears Up for Potential Trade War Amid Trump’s Tariff Threats
- Small Farmers Gain Less by Selling to Supermarkets: Study Reveals
- Why Despite the Controversy, America Is Anticipating the Mike Tyson vs. Jake Paul Fight
- Sanju Samson and Tilak Varma Shine: Record-Breaking Feats in 4th T20I Against South Africa
- India Urges $1.3 Trillion Annual Climate Support for Developing Nations
- Bad air: 106 shuttle buses, 60 extra Metro trips planned to make Delhiites give up cars
- WHO reports declining monkeypox cases in Congo
- CM Attends Kotideepotsavam on Kartika Purnima
- PKL Season 11: Raiding trio of Devank, Ayan, Sandeep help Patna Pirates rout Bengal Warriorz
India biggest recipient of funds from ADB
India was the biggest recipient of funds from Asian Development Bank last year and would continue to get sovereign loans in excess of $3 billion in 2019 as well, the bank's president Takehiko Nakao said.
Nadi (Fiji): India was the biggest recipient of funds from Asian Development Bank last year and would continue to get sovereign loans in excess of $3 billion in 2019 as well, the bank's president Takehiko Nakao said.
The multilateral funding institution committed $3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986.
"We will continue to lend this kind of level (during 2019)," he said at the 52nd annual meeting of the bank here. Also, growing debt-GDP ratio is coming down and provides more space for lending, he added.
He said ABD will continue to make investment in rural connectivity, urban development and skill development, among others.
India received nearly 25 per cent of the total loans sanctioned last year.
New commitments included $21.6 billion in loans, grants and investments from ADB's own resources, exceeding the target of $19.71 billion and up 10 per cent from 2017.
