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February 6, 2009

India unlikely to get access to ADB's soft loan window

K.R. Srivats

New Delhi, Feb. 5 India and China are unlikely to get access to the interest-free and long-term loans from the Asian Development Bank (ADB) even at this juncture of global financial meltdown and its resulting adverse impact on emerging Asian economies.

"Even in the changed context, the donors are unlikely to expand the list of the recipient countries at this stage," Mr Haruhiko Kuroda, President, Asian Development Bank, said in an interview with Business Line here today.

Full Story...

Posted by boyang at February 6, 2009 9:55 PM