ADB to lend India $6.5b in next 3 years
Afp, Manila,
The Asian Development Bank (ADB) said Friday it is ready to raise its lending to India to more than 6.5 billion dollars over the next three years. ADB president Haruhiko Kuroda committed to the higher aid levels during his recent visit to India, an ADB statement said. Kuroda said the ADB's annual lending program for India is expected to increase from about 1.5 billion dollars this year and could go up to two billion dollars annually in the next few years. Lending will focus on infrastructure particularly transport, energy and urban development. "The ADB attaches great importance to India and we will be happy to enhance the scale and scope of government assistance," Kuroda added.
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