ADB issues highest-ever annual lending commitment to India

The Asian Development Bank (ADB) has committed $3.92 billion in sovereign loans for 13 projects to India in 2020, including $1.8 billion in projects to support the Government of India’s COVID-19 pandemic response. This is

ADB’s highest-ever annual lending commitment to

India since the start of its lending operations in

1986. ADB also committed $356.1 million through its non-sovereign operations to India, including three COVID-19 support projects. As part of its pandemic support to India, ADB provided emergency assistance to contain the disease and establish social protection measures for relief to the poor and other vulnerable groups. ADB also approved financing to help the government improve equitable access to comprehensive primary healthcare in urban areas. Going forward, ADB stands ready to provide additional resources to address India’s many COVID19-related challenges, including funds to expedite the country’s ongoing vaccination programme and build the health system’s resilience against future shocks.