Why in news?
The Asian Development Bank (ADB) will increase lending to India by a third—from nearly $3 billion a year to $4 billion a year—during the three years ending 2018.
Why this move?
Because of India’s strong repayment record and the bank’s need to streamline its lending following the emergence of newer bodies such as the Asian Infrastructure Investment Bank (AIIB).
About ADB:
The Asian Development Bank (ADB) will increase lending to India by a third—from nearly $3 billion a year to $4 billion a year—during the three years ending 2018.
Why this move?
Because of India’s strong repayment record and the bank’s need to streamline its lending following the emergence of newer bodies such as the Asian Infrastructure Investment Bank (AIIB).
About ADB:
