Current Affairs - Finance - Discussion

The Asian Development Bank (ADB) approved a loan of $789 million for the development of Amaravati, aiming to transform it into a smart, green capital city with world-class infrastructure. This loan is intended to boost job creation, private investment, and inclusive economic growth while positioning Amaravati as a model for sustainable urban development. The program highlights the collaborative efforts of ADB and other Multilateral Development Banks (MDBs) to bring global expertise to the city's development.