India & ADB Sign $350m Policy-Based Loan To Improve Urban Services

The Government of India and the Asian Development Bank (ADB) on 17th December 2021 signed a $350 million policy-based loan to improve access to urban services in India by accelerating policy actions and reforms to enhance service delivery and promote performance-based central fiscal transfers to urban local bodies (ULBs).

The first subprogram under Sustainable Urban Development and Service Delivery Program will establish essential policies and guidelines for urban reforms at the national level followed by specific reform actions and program proposals at the state and ULB-level under second subprogram.

ADB will provide knowledge and advisory support to the Ministry of Housing and Urban Affairs in program implementation, including monitoring and evaluation.