Asian Development Bank to provide 6 billion Dollars to India over next 3 years

Asian Development Bank (ADB) to provide 6 billion Dollars to India over next 3 years.

Manila headquartered Asian Development Bank (ADB)Asian-development-Bank on May 5, 2013 announced that it is going to provide about 6 billion dollars loan to India over the next three years which was decided at the concluding day of the 46th annual meeting of the funding agency.

Although, the ADB is facing the challenge of raising resources, the basic idea behind providing loan is to maintain its lending level to India. The bank is working on partnership strategy and is planning to maintain the level of lending to India.

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