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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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