ADB committed highest-ever $3 bn in sovereign loans to India in 2018
- The Asian Development Bank (ADB) had committed to provide USD 3 billion in sovereign loans to India in 2018. This is the highest level of assistance by ADB to India since 1986, when India opted to become a borrowing member of ADB.
- In all, the Asian Development Bank (ADB), owned by 68 member countries, committed a total of USD 3.88 billion, including sovereign loans and co-financing during the year ended December 2018.
Points to remember:
- In 2018, ADB provided the highest sovereign loan to which country?