India Signs $1.5 Billion Loan With Asian Development Bank: Finance Ministry

The Finance Ministry released a statement that India has signed a $1.5 billion loan with the Asian Development Bank to counter the COVID-19 pandemic. "ADB is glad to support India’s bold measures to contain the COVID- 19 pandemic outbreak while protecting the most vulnerable people affected by movement restrictions, by fast-tracking and delivering the largest ever loan to India", the bank said.