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The Asian Development Bank (ADB) on Wednesday approved a $500 million loan to support India’s economic growth by promoting environmentally sustainable infrastructure.
Key Takeaways:
The ADB loan, with a sovereign guarantee, to India Infrastructure Finance Company Limited (IIFCL) will advance sustainable infrastructure development. This will help IIFCL provide long-term capital for infrastructure projects focusing on connectivity and energy transition as well as under-resourced sectors like urban projects, education, and health care. IIFCL can be an anchor government investor that attracts private sector entities to join a consortium of lenders to finance these initiatives.
The Financing Environmentally Sustainable Growth in Infrastructure Project will build IIFCL’s institutional capacity to integrate green and best practices into infrastructure projects.
India is among the world’s most impacted economies due to climate change, and intensifying hazards—such as floods, droughts, and cyclones—require infrastructure projects designed to mitigate these risks. However, there is a lack of sufficient funding and risk-sharing mechanisms within the local financial market for these types of projects. The country is facing a $1 trillion climate financing gap that the public sector cannot meet alone.

Useful information for all competitive exams:
Asian Development Bank (ADB):
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966.
Headquarters: 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines
Region served: Indo-Pacific
Membership: 69 countries
President: Masatsugu Asakawa (Japan) (until February 23, 2025), Masato Kanda (Japan)