ADB approves $500 million loan to India

ADB approves $500 million loan to India

Daily Current Affairs   /   ADB approves $500 million loan to India

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Category : Business and economics Published on: December 16 2024

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  • The Asian Development Bank (ADB) approved a financial loan of $500 million to India Infrastructure Finance Company Limited (IIFCL) for sustainable infrastructure development in India.
  • The loan will be used in Greenfield and brownfield projects to finance sustainable infrastructure, connectivity, energy transition, urban development, education and healthcare sectors.
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