INDIA - ADB expects loans to hit $2.85 bn in 2009

The Financial Express, New Delhi, September 09, 2006

The Asian Development Bank (ADB), a multilateral finance institution that promotes economic and social progress in the Asia-Pacific region, expects to step up its loans to India, reaching $2.85 billion in 2009 from a planned $2.25 billion this year, mainly to fund infrastructure projects, a senior official said on Friday.
The bank’s lending will touch $2.45 billion in 2007, ADB director general for South Asia, Kunio Senga, said in a statement. “Broadly, it is our aim to raise annual lending levels to more than $2 billion, and disbursement to between $800 million to $1 billion annually. The bank and the government are working closely toward reaching these goals,” he said.

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