India-ADB sign USD 300 million loan to improve healthcare access in urban areas

Indian government and Asian Development Bank (ADB) signed a loan agreement of 300 million U.S. dollars in order to improve primary health care in urban areas.

Highlights

• This agreement was signed by Rajat Kumar Mishra, who is a senior official of the department of economic affairs and Takeo Konishi who is country director of ADB in India.
• The loan agreement will help in strengthening and improving access to comprehensive primary health care across urban areas in 13 states.
• It will benefit more than 256 million urban dwellers including 51 million from slum areas.
• This loan amount will be used for the program in order to strengthen pandemic preparedness and comprehensive primary health care in the urban areas.
• It also complements the government’s efforts of bridging health care gaps by strengthening operations, institutional capacity and management of urban health & wellness centers at municipal, state and central levels.

Which states are covered under the programme?

This program will be implemented across urban areas in 13 states including Assam, Andhra Pradesh, and Chhattisgarh.

About ADB

ADB is a regional development bank, established on December 19, 1966. It is headquartered in Manila, Philippines.

Who can be the members?

ADB admits the members of United Nations Economic & Social Commission for Asia & Pacific as well as non-regional developed countries, as its members. The bank currently has 68 members of which 49 are from Asia.

Who have Voting rights?

Voting rights are modelled closely on the World Bank. It has similar weighted voting system, in which votes are distributed in proportion with the capital subscriptions of the members.

Month: Current Affairs - November, 2021