ADB President Proposes up to $25 Billion Support to India’s Development Priorities
Asian Development Bank (ADB) President Masatsugu Asakawa and India Prime Minister Narendra Modi met today to discuss the country’s development priorities. Mr. Asakawa conveyed ADB’s intention to provide $20 billion–$25 billion resources over 5 years to advance the country’s aspirations for fast, inclusive, and green growth.

Mr. Modi and Mr. Asakawa discussed a range of issues, including ADB support to India’s infrastructure and social development and climate actions, scaling up ADB assistance to meet the country’s priority development needs, and ADB’s country partnership strategy (CPS) for India, 2023–2027.  ADB is now finalizing the new 5-year CPS following a comprehensive stakeholder consultation process.