ADB President meets PM, proposes $25 bn for India’s development priorities

Asian Development Bank President Masatsugu Asakawa on Tuesday called on Prime Minister Narendra Modi and conveyed ADB’s intention to provide USD 20-25 billion resources over five years to advance India’s aspirations for fast, inclusive, and green growth.

In a release, the Manila-based multilateral lending agency said its President in his meeting with the Prime Minister discussed a range of issues, including ADB support to India’s infrastructure and social development and climate actions.

ADB is now finalising the new five-year country partnership strategy (CPS) for India following a comprehensive stakeholder consultation process.