India and ADB Sign $500 Million Loan for Sustainable Infrastructure
| Aspect | Details |
|---|---|
| Date of Agreement | December 20, 2024 |
| Parties Involved | Government of India and Asian Development Bank (ADB) |
| Loan Amount | $500 million |
| Loan Purpose | Support sustainable infrastructure projects |
| Managing Agency | India Infrastructure Finance Company Limited (IIFCL) |
| Key Sectors | Energy transition, urban development, education, healthcare |
| Sustainability Unit | To be established within IIFCL |
| Sustainability Framework | Environmental sustainability framework and scoring system for projects |
| Primary Objective | Integrate green practices in infrastructure development |
| Alignment | India's climate goals and net-zero emissions target |
| ADB's Role | Provide long-term capital for sustainable projects |