The Asian Development Bank (ADB) has signed a senior secured debt financing package of up to USD 108 million (in Indian rupee equivalent) with Aavas Financiers Limited to expand access to affordable housing loans for lower-income households and business loans for micro, small, and medium-siz
The Asian Development Bank (ADB) has approved a USD 240 million loan--the second tranche of the Chennai Metro Rail Investment Project--to support the expansion of the metro rail network and provide cleaner, safer, and more reliable urban transport across the Chennai Metropolitan Area, India.
India has vehemently opposed any Asian Development Bank financing support to Pakistan, raising serious concerns about potential misuse of development funds for military expenditure and questioning Pakistan's commitment to economic reforms.