ADB launches country partnership strategy for climate-resilient growth

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ADB launches country partnership strategy for climate-resilient growth

Recently the Asian Development Bank (ADB) has launched a new “Country Partnership Strategy (CPS)” for India for the period 2023-27.

  • ADB to accelerate structural transformation and job creation in India over the period 2023-27; Will focus on promoting environment-friendly growth and strengthening social and economic inclusion.
  • ADB has committed $52.6 billion in public sector loans, grants and technical assistance projects in India and $8 billion in private sector investment by December 2022.

Key Features of ADB’s Country Partnership Strategy (CSP)

  1. Structural changes and employment generation will be expedited. This target will be achieved through convergence between development programs on Logistics-Industry-City-Skills and by providing support to MSMEs.
  2. Environment-friendly growth will be encouraged.
  3. Social and economic inclusion will be strengthened.

Cross-Cutting Themes:

  • Domestic resource mobilization;
  • Gender equality and social inclusion;
  • Support digitalization and innovation-friendly systems; And
  • Regional cooperation and integration through the South Asia Subregional Economic Cooperation (SASEC).

Source – ADB

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