The Asian Development Bank (ADB) and the Government of India signed a $50 million policy-based loan to improve financial management procedures and operational efficiencies aimed at achieving more fiscal savings, promote informed decision making, and improve service delivery in the state of West Bengal.The loan is proposed to be supplemented by a $350,000 technical assistance grant for capacity building, monitoring of IFMS reforms, and strengthening the integration of social and gender aspects in reform areas.
About
Surbhi Saxena edits the daily Current Affairs News.
The author is qualified member of The Institute of Company Secretaries of India (ICSI).