Asian Development Bank (ADB) President Masato Kanda on Friday said the multilateral funding agency stands ready to provide up to USD 4.5 billion sovereign lending to India each year.
“Yesterday I met Finance Minister Nirmala Sitharaman in New Delhi to deepen ADB’s partnership with India and advance Prime Minister Narendra Modi’s Viksit Bharat 2047 vision,” Kanda said in a post on X.
“ADB stands ready to provide between USD 4 billion and USD 4.5 billion in sovereign lending each year, alongside about USD 1 billion in private sector financing, while mobilising additional third-party capital,” he said. PTI
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