According to ADB, the funding package, consisting of a USD 125 million loan from ADB and an agreement to syndicate an additional USD 125 million in cofinancing from other development partners, underscores the commitment to supporting sectors vital to India's rural landscape.
The Asian Development Bank (ADB) has approved a loan package worth USD 500 million to improve access to quality and affordable tertiary health care and medical education in Maharashtra.
According to ADB, this move is expected to play a pivotal role in elevating urban living standards, ensuring clean water access, and bolstering climate resilience.
According to ADB, this transformative initiative also involves a USD 3.25 million first-loss liquidity reserve from the Climate Innovation and Development Fund (CIDF), administered by ADB.
As per ADB, Yang, an experienced figure with over 30 years of expertise in economic development, will undertake this pivotal role for a tenure of three years.
According to a report by ADB, since its inception in 2013, the trust fund has played a crucial role in leveraging over USD 1.64 billion in ADB investments dedicated to citywide inclusive sanitation (CWIS) projects across ADB developing member countries (DMCs).
Through this project, ADB will help upgrade tourist destinations, such as the Chaturdash Devata Temple, Kasaba Kalibari, and Neermahal Palace, by improving the amenities, rooms, and landscaping, and making them more visitor- and gender-friendly destinations.
Expressing commitment to supporting Tripura's governmental priorities, ADB Principal Urban Development Specialist Tomoo Ueda stated, "ADB is committed to support the Tripura government's priorities of improving urban services and tourism infrastructure to help boost economic development".
The central government has signed a USD 400 million policy-based loan with the Asian Development Bank (ADB) to support its urban reform agenda for creating high-quality urban infrastructure, improving service delivery, and promoting efficient governance systems.
The announcement took place during the Asia-Pacific Natural Capital Forum, hosted on November 7-9. This event was a collaborative effort between ADB and Stanford University's Natural Capital Project.
According to a release by ADB, a significant number of households in the CHT region have traditionally depended on shared tube wells located in remote areas or have sourced untreated surface water.