"Asian Development Bank (ADB) supported projects and programs have had significant development impacts and worked towards improving the lives of the ultimate beneficiaries of the India." Narrate with examples.

CS Professional · International Business – Laws and Practices · PYQS · June 2017
"Asian Development Bank (ADB) supported projects and programs have had significant development impacts and worked towards improving the lives of the ultimate beneficiaries of the India." Narrate with examples.

Answer & Explanation:

ADB-supported projects and programs have had significant development impacts and worked toward improving the lives of the ultimate beneficiaries in following ways: The Madhya Pradesh State Roads II (2007-2011) project facilitated construction and rehabilitation of approximately 1,800 kilometres (km) of state roads, thereby improving access to business opportunities and social services, particularly benefiting small business owners and farmers The supported initiatives in the energy sector are helping India scale-up access to electricity through projects like the Assam Power Sector Enhancement Investment Project (2009-2014). The financing facility will strengthen the transmission and distribution system and is expected to benefit around 1 million households, businesses, hospitals, and schools from increased access to power. Chhattisgarh Irrigation Development Project (2005-2013) is supporting a participatory irrigation management approach to rehabilitate and upgrade irrigation infrastructure to improve water resource management, helping increase productivity of irrigated agriculture and enhancing livelihoods in the state. More than 150,000 farmers would be benefited from this. The Kolkata Environmental Improvement Project (2000-2012) has improved overall living and environmental conditions for nearly 1.4 million inhabitants through the construction of 331 km of sewage and drainage networks. Recent projects and programs include an innovative partial credit guarantee facility that will support credit enhancements of infrastructure project bonds to enable cash-rich pension funds and insurers to invest in such bonds (India Infrastructure Finance Company Limited- Credit Enhancement of Project Bonds); and assistance to West Bengal for stabilizing its fiscal situation and encouraging reforms of administrative processes to promote efficient public spending and improvements in revenue collection (West Bengal Development Finance Program).

Topics: International Financial Institutions

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