You are here

ADB to lend India US$10b over next 5 years

The bank is setting aside some of its lending for financing credit guarantees

THE Asian Development Bank (ADB) has agreed to lend India US$10 billion over the next five years; the amount of money available for Indian development could, however, be many times more, if an ADB scheme to employ its loans in tapping India's institutional investor base succeeds.

Instead...