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Government of India get $300 million from Asian Development Bank for West Bengal

 

 

Government of India and Asian Development Bank signed $ 300 million Loan to promote further  fiscal reforms in the state of West Bengal

The Government of India and Asian Development Bank has signed a $ 300 million loan on 24 October 2017 to continue a comprehensive series of fiscal reforms in the state of West Bengal to improve the quality of public service delivery.

The program agreement was signed by Department of Economic Affair, Ministry of Finance, Joint Secretary of Sameer Kumar Khare has signed the loan on behalf of the government of India.

ADB Country Director for India Mr. Kenichi Yokoyama signed for ADB and Parwez Ahmad Siddiqui, Secretary, Finance Department, Government signed for West Bengal.

The Second West Bengal Development Finance Program targets a further increase in public investment through the reduction of unproductive expenditure and saving from efficiencies in revenue collections.

The Program will build on earlier intervention under Phase I of the project through the $ 400 million Program that targeted a comprehensive fiscal consolidation program in the state.


 

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