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ADB and NaBFID signed LoI to address India’s Infrastructure Funding Gap

Published on December 16, 2024
Current Context: The Asian Development Bank (ADB) and India's National Bank for Financing Infrastructure Development (NaBFID) signed a Letter of Intent (LoI) on December 12, 2024, to address the substantial funding gap in India's infrastructure sector.
  • Here are some key points about the collaboration:
    • Technical Assistance Grant: ADB will provide NaBFID with a technical assistance grant to build its capacity and enhance its climate finance capabilities.
    • Credit Lines: The collaboration includes offering credit lines through ADB-facilitated private sector investments to support innovative projects that foster sustainable and inclusive growth.
    • Sustainable Development: The partnership aims to enhance climate resilience, improve urban and rural infrastructure, promote environmental sustainability, and mobilize both public and private investments.
    • Seminar and Meetings: ADB and NaBFID co-hosted a seminar to emphasize the critical role of infrastructure financing in achieving resilient and sustainable growth. Technical bilateral meetings were also held to explore avenues for collaboration and knowledge sharing.

Question:

1 What type of support will ADB provide to NaBFID as part of the collaboration?

  • A) Financial subsidies for rural infrastructure
  • B) Technical assistance grant
  • C) Direct equity investments
  • D) Loan guarantees for small businesses
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