The Asian Development Bank (ADB) has approved a $400 million loan to support India's urban reform agenda. The loan will be used to create high-quality urban infrastructure and efficient governance systems.
Banking & Finance
The Asian Development Bank (ADB) has approved a policy-based loan of $400 million to India with the aim of boosting the quality of infrastructure, ensuring public services and providing efficient governance. Supporting urban reforms. Sanjay Joshi, ADB's Urban Development Chief, who leads the ADB strategy, said, "India recognizes the potential of cities to become hubs of economic growth and supports cities through inclusive, resilient, and sustainable infrastructure. Emphasizes the need to create livability. The ADB statement said, “The program aims to control urban sprawl and promote systemic and planned urbanization through capacity building and community awareness of ULBs, with The same legal "integrated urban planning reforms are also envisaged."
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