ADB commits 10 billion to support development of States in India

Posted on:30 Jun 2017 16:50:56
ADB commits 10 billion to support development of States in India
30 June 2017 Current Affairs:

  • The Asian Development Bank (ADB) committed USD 10 billion to support infrastructure building and to cater to the immediate development needs of less-developed States in India.

  • The ADB President agreed that the bank is ready to meet immediate critical infrastructure needs of less developed states like Uttar Pradesh, Bihar, Jharkhand, Odisha and Chhattisgarh over a period of five years.

  • ADB is multilateral lending agency based in Manila, the Philippines established on 19 December 1996.



  • The Asian Development Bank (ADB) committed USD 10 billion to support infrastructure building and to cater to the immediate development needs of less-developed States in India.

  • The ADB President agreed that the bank is ready to meet immediate critical infrastructure needs of less developed states like Uttar Pradesh, Bihar, Jharkhand, Odisha and Chhattisgarh over a period of five years.

  • ADB is multilateral lending agency based in Manila, the Philippines established on 19 December 1996.


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