December 24, 2024 1:38 PM

India, ADB sign USD 500 million loan to support green, sustainable infrastructure projects

India and the Asian Development Bank (ADB) signed a USD 500 million loan to support green and sustainable infrastructure projects aligned with the country's climate commitments. The agreement was signed on December 20, and the ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited (IIFCL), according to a statement from the Union Finance Ministry. The signatories to the Financing Environmentally Sustainable Growth in Infrastructure Project were...