7 November 2024 : PIB Summary For UPSC

1. Government of India and ADB sign $200 million loan to upgrade water supply, sanitation, urban mobility, and other urban services in Uttarakhand

(Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2071145&reg=3&lang=1 )

Topic: GS2 – International Relations – Important International institutions

Context

The Government of India and the Asian Development Bank (ADB) have signed a $200 million loan agreement for the Uttarakhand Livability Improvement Project. The project aims to improve water supply, sanitation, urban mobility, and resilience against climate risks in Uttarakhand.

Analysis of the news:

• India and ADB signed a $200 million loan for the Uttarakhand Livability Improvement Project.
• The project focuses on upgrading water supply, sanitation, urban mobility, and services in Uttarakhand.
• It aims to enhance infrastructure resilience to climate risks like floods and landslides.
• Key cities Haldwani, Champawat, Kichha, Kotdwar, and Vikasnagar will benefit.
• Water supply systems will be improved, with smart metres and new infrastructure in four cities.
• Women-focused initiatives include livelihood training and capacity building in water supply and sanitation management.

Asian Development Bank (ADB)

The Asian Development Bank (ADB) is a regional development bank established in 1966, headquartered in Manila, Philippines. ADB aims to promote social and economic development in Asia. It has 68 member countries, including both Asian and non-Asian nations. ADB provides financial and technical assistance for development projects in sectors like infrastructure, education, energy, water, and the environment. Its main financial instruments include loans, grants, and technical assistance. ADB focuses on poverty reduction, sustainable development, and inclusive growth. The bank works with governments and private sectors to design and implement projects. It also supports climate change mitigation and resilience efforts in the region.

Practice Question:  Examine the role of the Asian Development Bank (ADB) in promoting sustainable development in India. Discuss its major projects and the impact of ADB’s financial assistance in improving infrastructure, urban services, and climate resilience in Indian states. (150 Words /10 marks)