The President of the Asian Development Bank (ADB) Takehiko Nakao committed to increase lending to India over upcoming years on Tuesday.
Speaking after a meeting with India’s Finance minister and Minister of Urban Development, Mr Nakao, said,
“In India, ADB aims at increasing tis sovereign and non-sovereign lending from the present $7 million - $9 billion in three years from 2015 2017 to $10 billion $12 billion between 2016 and 2018 using ADB’s expanded lending capacity.”
The ADB’s annual lending capacity is expected to increase from $13 billion to $20 billion this year.
India submits feasibility proposal to ADB for bridge to North-East (17 Jun 2015)
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
