The Asian Development Bank (ADB) has recently approved a policy-based loan worth $400 million to back India's urban reform agenda, under the framework of ADB Strategy 2030. The initiative is aimed at transforming cities into engines of economic growth by enhancing their inclusivity, resilience, and sustainability.
The loan is specifically designated for Subprogramme 2 of the Sustainable Urban Development and Service Delivery Programme. While Subprogramme 1, established in 2021, focused on formulating national-level policies for improving urban services, Subprogramme 2 supports state and Urban Local Body (ULB) level reform actions.
Sanjay Joshi, ADB Principal Urban Development Specialist, explained that the programme integrates urban planning reforms through legal, regulatory, and institutional changes. It also emphasizes the capacity building of ULBs and community awareness initiatives to promote systematic urbanization.
The comprehensive reform agenda includes the creation of superior urban infrastructure, enhancement of governance systems, and promotion of investment planning to manage urban sprawls. The goal is to equip cities with the necessary tools and resources to effectively manage their growth and development.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.