Friday, December 04, 2009

Development partnership for India extended until 2013

A development partnership for India will continue into the year 2013. The Asian Development Bank and the UK's Department for International Development will continue to give grants to India to help in poverty fighting projects.

From The Hindu Business Line we read more about the money involved and what it's intended for.

The Asian Development Bank (ADB) and the UK Department for International Development have entered into a new five-year strategic partnership to fight poverty in India.

The British government would provide a grant of £14 million for the partnership.

In a statement today, ADB said the five-year partnership would run from 2009 to 2013 and would be supported by £14 million funding from the UK government.

DFID has provided $50.58 million in grant co-financing since the collaboration began in 2001. DFID India’s head Michael Anderson said the partnership would directly benefit the poor by building roads, improving irrigation and developing cities in the poorest Indian states.

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