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ABD accedes to provide $4.5 billion loan to India annually
May-31-2025

Asian Development Bank (ADB) has showed its concurrence to provide up to $4.5 billion sovereign lending to India each year. The ADB President Masato Kanda has met with India’s Finance Minister Nirmala Sitharaman in order to deepen ADB's partnership with India and advance Prime Minister Narendra Modi's Viksit Bharat 2047 vision. Kanda has indicated that the ADB stands ready to provide between $4 billion and $4.5 billion in sovereign lending each year, alongside about $1 billion in private sector financing, while mobilising additional third-party capital.

He highlighted that the ADB has agreed to move quickly on large, high-impact projects, such as the bank's support for solar rooftops, which can accelerate clean energy adoption across the country. He added, ‘our shared agenda centres on urban transformation, private sector development, and skills programs that strengthen India's manufacturing base’. He assured that ADB will also sharpen support for integrated rural prosperity by transforming food systems, creating jobs, and nurturing local entrepreneurship, so villages become resilient communities. During the meeting with Kanda, the finance minister had urged for deeper ADB support for integrated rural prosperity measures, including creation of jobs and local entrepreneurship, and fostering innovation in agriculture, to transform villages into resilient communities.

Kanda further added that ADB will pair global expertise with catalytic finance, de-risking tools, and robust PPP frameworks to unlock private investment. He also cheered the partnership with India saying, ‘our partnership will create a prosperous, inclusive, resilient, and sustainable India by 2047, ensuring that progress reaches every city and village’.

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