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Sustainable Urban Development and Service Delivery Program

  • IASbaba
  • December 21, 2021
  • 0
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Sustainable Urban Development and Service Delivery Program

Part of: Prelims and GS-I -Urbanisation 

Context The Government of India and the Asian Development Bank (ADB) have signed Sustainable Urban Development and Service Delivery Program. 

Key takeaways 

  • Ministry: Ministry of Housing and Urban Affairs 
  • It is a $350 million policy-based loan to improve access to urban services in India. 
  • Policy actions and reforms will be accelerated to enhance service delivery and promote performance-based central fiscal transfers to urban local bodies (ULBs).
  • ADB will provide knowledge and advisory support to the in program implementation, including monitoring and evaluation.

Asian Development Bank (ADB) 

  • It is a regional development bank established on 19 December 1966
  • Headquartered: Manila, Philippines.
  • ADB aims to promote social and economic development in Asia. 
  • The ADB was modelled closely on the World Bank, and has a similar weighted voting system.
  • It now has 68 members.
  • ADB is an official United Nations Observer.
  • India was a founding member of the Asian Development Bank (ADB) in 1966 and is now the bank’s fourth largest shareholder and top borrower.

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