ADB to lend India around $12 billion in 2013-17

04 Feb 2013

1

The Asian Development Bank (ADB) will extend around $12 billion in loans to India over the five years starting 2013, under the country partnership programme, ADB country director Hun Kim said on Friday.

Of this, $10 billion will be loans from the public lending window while the remaining $2 billion will come from ADB's private lending arm, he said.

''ADB plans to lend around $10 billion as public lending and another $2 billion through its private lending programme,'' Kim said.

ADB president Haruhiko Kuroda, who is also in Delhi in connection with the preparations for ADB's annual meeting, meanwhile, met finance minister P Chidambaram.

Speaking on the sidelines of the meeting, Kuroda said the government's recently announced fiscal consolidation roadmap will help the country get back to high economic growth rate of 8-9 per cent in the coming years.

"The government is, I think, taking quite appropriate fiscal consolidation efforts and measures. Indian economy is likely to recover in 2013 fiscal year," he said.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more