ASIAN DEVELOPMENT BANK LOAN FOR NUHM

India inked a loan agreement worth US 300 million dollar with Asian Development Bank (ADB) to support the Union Government’s flagship program of National Urban Health Mission (NUHM). The loan will reinforce ongoing government efforts to develop health systems in urban areas that can deliver quality health services and that reach the urban poor and vulnerable. It will focus on strengthening primary health care and also promote better coordination between health and urban sectors and opportunities for PPP. Prior to this a similar loan has been given by ADB in March 2015 to improve road connectivity between North Bengal-North eastern region.

ASIAN DEVELOPMENT BANK

1) It is a regional development bank established on 22 August 1966 with headquarter in MANILA, Philippines ,it aims for an Asia and Pacific free from poverty.

2) It admits members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries.

3) It was started with 31 members and now boasts of 67 including Japan, US, China and India (India is also a founding member).

4) Since Japan holds maximum share traditionally its president has always been Japanese and this country has maximum voting power on any issue. Start your IAS Preparation today itself
Author: Palak Tiwari, a freelancer writer based in Bhopal